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Absa Banking Charges
- Thread starter Gunther
- Start date
mercurial
MyBB Legend
I'm busy moving over to FNB, added all my ABSA charges for last month and it came to a staggering R480 for internet banking, a gold credit card and a gold cheque account. On FNB I'll be paying R90 all in for this!
waaaaaaaaaaaaaat lol. insane i tell you! that's like 5 times cheaper.
stoke
Honorary Master
Looks like FNB is gonna win this one.
Don't be fooled - from the frying pan into the fire. From my experiences of Absa/FNB, FNB are worse by a long way. I paid my FNB card late by 3 days (my fault yes) and FNB charged me a cool R165 penalty. Lovely. Must say I now pay a few days earlier. JUst waiting for my bonus and I will pay off and close the account. If they charged me a R20 penalty I would likely accept but R165 is legalised robbery. You have been warned. Charges may be a little lower but they catch you elsewhere. Your best form of action is to go see Absa and negotiate. There are various packages available. It is a lot of hassle to move an account.
The Cosmos
Executive Member
- Joined
- Jan 17, 2007
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Internet bank fee is your use of internet banking.
Admin charge is basically the same as above.
And management fee is their way of telling you, we charge you because we keep it up and running.
By the way Nedbank have a cheque account at a fixed fee of R85 per month INCLUDING the cost of Interet and Cellphone Banking. If you can put up with the slow/pedantic service at the branches then it is not a bad option. I use electronic banking and never go into a branch so it suits me.
Globetrotter
Expert Member
Yup, ABSA's high bank charges are notorious. Always makes me think of this video where Casper De Vries mocks the bank:
http://www.youtube.com/watch?v=duVA8zQ1s5g
http://www.youtube.com/watch?v=duVA8zQ1s5g
Ou grote
Honorary Master
ABSA also have one.
We have to pay high charges because of armed security costs, atm's being blown up, cash in transit heists, bank robberies...
The Cosmos
Executive Member
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and you get charged a nice fat fee if you deposit a huge sum into someone elses account.
stoke
Honorary Master
If this is reallly true, then Internet banking and Debit orders would be free to encourage people to stop dealing with cash.
But ... the banks are just raping us cos they can, while the banking adjudicator is paid millions to do diddly squat.
Dolby
Honorary Master
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- Jan 31, 2005
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Yea I dunno why Go Banking doesn't come up more often ... I think they're awesome as well!
I urge anyone who plans to cancel their ABSA accounts, to make sure they specify that the account is being closed because of the ripoff banking fees. They need to know that we won't stand for this any longer.
All banks suck, but I'd rather be with the one who sucks the least. And in my opinion, that is FNB. (I've had experience with most banks).
I make it my mission to avoid banking charges at all costs. Even if that means having to stand in queues to pay accounts, so that I can avoid these fees.
Concerning GoBanking. If you have R5000 to "invest" then the GoBanking features are by far the most cost effective. But they offer by far the worst service ever! I was with them for a few years but had constant problems. Things got so bad that I eventually had to contact the CEO to get things sorted out. I then decided it was time to close the account, as the stress it was causing me was just ridiculous.
Remember, GoBanking is basically Nedbank and they are known for their terrible service.
All banks suck, but I'd rather be with the one who sucks the least. And in my opinion, that is FNB. (I've had experience with most banks).
I make it my mission to avoid banking charges at all costs. Even if that means having to stand in queues to pay accounts, so that I can avoid these fees.
Concerning GoBanking. If you have R5000 to "invest" then the GoBanking features are by far the most cost effective. But they offer by far the worst service ever! I was with them for a few years but had constant problems. Things got so bad that I eventually had to contact the CEO to get things sorted out. I then decided it was time to close the account, as the stress it was causing me was just ridiculous.
Remember, GoBanking is basically Nedbank and they are known for their terrible service.
ld13
Honorary Master
I canceled my ABSA Internet Banking on the 28th of Feb - I made sure that I selected that it was too $$$
I got an email that my Internet banking has been disabled - on the 3rd of March. They better not charge me for March or else....
Crusader
Executive Member
I can definitely recommend FNB. I've received excellent service in the 4 years I've been with them. Their internet banking and inContact service is free. You'll save a bundle on that alone.
Yet you still with them.
I would rather pay R12 a month for shocking service than a couple of hundred for good service from ABSA, whom I HATE!!
Manticore
Active Member
Hey guys. How do I cancel my ABSA Internet Banking Subscription?
LCBXX
Honorary Master
FNB Bank Charges:
#MONTHLY ACCOUNT FEE -66.00
Rest of the month, no matter what I do, whether it be card swipes, EFT's, BOB ATM Withdrawals, Debit Orders, inContact SMS's, Internet Banking:
R0
FNB FTW
#MONTHLY ACCOUNT FEE -66.00
Rest of the month, no matter what I do, whether it be card swipes, EFT's, BOB ATM Withdrawals, Debit Orders, inContact SMS's, Internet Banking:
R0
FNB FTW
ld13
Honorary Master
And what does that have to do with Absa's Banking charges?
Oh, and as a reply to your totally off-topic comment...I disagree with you.