Article: Absa defends banking costs

[Nicodeamus]

Absa sucks but so do the other options.

Maybe the banks should be nationalised...the service can't get worse.

well our banks are already centralized, it can be argued to be partially nationalized. Our banks are forced to make a profit, it is more of a business than anything else, given the nature of our reserve bank. The reserve-bank is owned by private shareholders, however those large investment firms have been found to have a bit of governmental influence

 

[Sinbad]

I have an absa private bank account and an fnb platinum account.

The service I get from my fnb platinum bank manager is infinitely better than what I get from my private banker. Absa is pathetic. The only reason i still have the account is because it's a one account for my bond and it's a ballache to move a bond. Will probably move it in the next few months. The reduction in charges will offset the cost of moving the bond within 18 months.

 

[satanboy]

I have an absa private bank account and an fnb platinum account.

The service I get from my fnb platinum bank manager is infinitely better than what I get from my private banker. Absa is pathetic. The only reason i still have the account is because it's a one account for my bond and it's a ballache to move a bond. Will probably move it in the next few months. The reduction in charges will offset the cost of moving the bond within 18 months.

I tried moving my bond to FNB, but they screwed it up so royally and even after pointing out their mistake to them they ignored me. So middle finger to them too.