Standard Bank makes a minor financial killing

Further to my review where Standard Bank managed to misplace the funds for my daughter's education at Stellenbosch, sent by me in a timely manner from Saudi Arabia, I learnt the facts that follow. I sent 30,000 Saudi Arabian Riyals on February 9th. It arrived at the latest by February 11th. Rather than deposit it accurately in the clearly designated university bank account with the correct number, Standard Bank took the equivalent of 118,000 rand and collected interest on it for almost two weeks. Then they charged me 7000 rand for the pleasure of transferring the money into their bank, not a few hundred rand as a transfer fee! So they made a killing twice over.

I suspect it was because they mislabelled the arrival of the money from Arabia due rightfully in the university account. I am absolutely sure it was an "honest mistake" on the part of Standard Bank.... it is clearly a company of the utmost probity in it business practice...