Rebate banking rip-off

<p>I started on ABSA's rebate banking fee option +/- 8 years ago.</p> <p>This option requires you to maintaing a minmum balance stipulated by ABSA.</p> <p>The customer then qualifies for a rebate on banking fees up to a prescribed value.</p> <p>That value was then, and still is R500.</p> <p>However in the past 8 years the minumum balance requirement has been raised by 65%</p> <p>Banking fees have been raise by a similar percentage.</p> <p>The result is that the customer must now maintain an extremly high balance in echange for getting a rebate on a very small number of transactions (R500 doesn't go far with ABSA's current fees).</p> <p>It's almost as if ABSA no longer wishes to offer the rebate option and is trying to make it unfeasible to their clients, without having the honesty to admit as much.</p>