BANK *******!

Remember the days when banks were only too happy to accept your money and rent it out to others at 3 times the interest they paid you? They still do, of course, but nowadays banks not only think they’re doing you a favour in taking your funds - but have the cheek to not only charge you ridiculous fees when depositing it but do so again when withdrawing it! In this Nedbank surely takes the cake. For example - and believe this or not - if you deposit R100 cash into your account Nedbank will charge you R82.30 to do so! It gets worse….if you should need to withdraw that same R100 cash the next day Nedbank will charge you ANOTHER fee of R82.30! So your prized R100 note has not only totally disappeared but you now OWE Nedbank a whopping R164.60! They’ve another trick….Nedbank offered me 6.00% interest so I switched from one Nedbank account (earning less) to the one earning the higher rate. When I queried why I didn’t received the better rate I’m advised it’s a “promotion” to attract new clients! So - the bank also discriminates against loyal clients too! Maybe Nedbank isn’t alone in this new banking climate of greed and avarice …. so that suggests there’s a gap in the market for a NEW bank with OLD fashioned ideas - where Bank Fees and Charges are seen for what they are - a complete ripoff! Can you name any other business which CHARGES SUPPLIERS for delivering their raw material (money!) and makes fortunes out of it? No….me neither. HARD FACTS!