NEDBANK’s RAMPANT AVARICE!

Is NEDBANK in trouble that it resorts to chicanery to boost profits? As an 83 year old, deaf, technophobic pensioner I plan to visit my children in Australia before it’s too late and purchased a Nedbank Travel Card with my entire savings of R50,000 on a day when the Official exchange rate was 11.92:$1. That would have provided A$4,195 ****tle enough thanks to government incompetence and *******ion) but Nedbank compounds my woes further by thumb sucking the completely false rate of 12.56/1 thereby enriching themselves and shortchanging me of almost R3,500. That in addition to the more than R1,000 of Bank fees for the transaction itself. As a Nedbank client since 1958(!) I am appalled at this egregious act of avarice and feel compelled to warn others to be alert when entering into any similar transaction - confirm the rate before signing anything. Better still - deal elsewhere!