2015 Std Bank Homeloan Fees

[Lukcydog]

Anyone seen the new homeloan fees for 2015?

I am seriously !@#$%% off with the introduction of R11.50 +1.3% fee on depositing an amount into your accessbond. The first one isn't free either. In their example they illustrate a R3000-00 deposit incurring a R50.50 fee.

My wife and I are significant savers and we would incur an approximate fee of R400 to deposit our savings. This to me is a form of forced "interest" that the bank is charging customers who save money into their homeloans. Is this fair? And its not like I can now move my homeloan to another bank so the bank is basically taking advantage (read by the balls) of a situation I have no control over. They never levied any deposit fees on the access bond facility and I have 2 homeloans since 2006 and 2012.

Choices:
1. Pay R400 every month on top of the management.
2. Pay the management fee and pay the homeloan back over 20years. (this is what the bank wants you to do obviously)

Maybe it's just me but I really think this is unacceptable as I can't see any justification on scaling the fee on the deposit amount. It kind of feels like a form on undue enrichment.

LD

 

[TipsyT]

I can tell you right now that that is ****ed up. I think I'm going to wait a few months between making deposits until I finish paying it off next year June. After that I'm done with Standard bank and moving to FNB for my next property purchace!!

 

[Freaksta]

Get quotes elsewhere to move your bond. Tell them you move your bond if they don't waive those fees.

 

[surface]

Isn't this ( R11.50 +1.3% ) applicable only to cash deposits?

http://www.standardbank.co.za/standimg/South Africa/PDF/Pricing 2015/Home_Loans_2015.pdf

 

[Drifter]

Yes, cash deposits only.

 

[Lukcydog]

Yes, cash deposits only.

Epic fail if I read this wrong. So money deposited at the ATM? I only use internet banking and rest cashless (except the Algerian barber takes only cash)

That was a rant of note, for my own half-a@# attempt at reading it...

 

[Drifter]

Epic fail if I read this wrong. So money deposited at the ATM? I only use internet banking and rest cashless (except the Algerian barber takes only cash)

That was a rant of note, for my own half-a@# attempt at reading it...

Hahahahaha, we all have a bad hair day.

 

[Neo_X]

Epic fail if I read this wrong. So money deposited at the ATM? I only use internet banking and rest cashless (except the Algerian barber takes only cash)

That was a rant of note, for my own half-a@# attempt at reading it...

did you manage to check this? - eg cash deposits only, and not EFT's?

recently took out a STDB homeloan, but if they ever pull a stunt like this i will easily move to any of the other banks who wanted to help

 

[Lukcydog]

did you manage to check this? - eg cash deposits only, and not EFT's?

recently took out a STDB homeloan, but if they ever pull a stunt like this i will easily move to any of the other banks who wanted to help

Hi Neo_x,

Yes, I went and tested it by transferring money in and out. It's applicable to cash only deposits.

Regards
LD