Cash deposit charges

Serious question, which credit providers have asked you for a printed and stamped bank statement?
 
Vehicle loan providers (Wesbank and ABSA) and a Capitec loan I took out (they actually went line to line through it when doing the affordability assessment, that's why I know they wont go African Banks way) and definitely the SA Home Loans people, all wanted 3 months bank statements.
 
I go through my bank for finance so it makes sense. Why would my own bank want to see bank statements from themselves.
 
Capitec bank statements are only r3.50 per 3 months. Fnb rips ppl off why to much. Everyone wants a stamped statement as most ppl dont accept internet as it could be fraud
 
Micdew said:
Capitec bank statements are only r3.50 per 3 months. Fnb rips ppl off why to much. Everyone wants a stamped statement as most ppl dont accept internet as it could be fraud
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What you should do is download your statement from online banking whilst in the branch, print and then get them to stamp it. This is free. If you ask them to print it from their terminals then you get charged.
 
I pay R98/month and my statements are all free from their atms. I print there and bring it inside the bank to stamp.
All debit and stop orders, purchases, cash withdrawals at shops, payments to beneficiaries and transfers through internet and atm, are included.
I also get 5 cash deposits at atms.

So far I am happy with my account.
 
sjm said:
What you should do is download your statement from online banking whilst in the branch, print and then get them to stamp it. This is free. If you ask them to print it from their terminals then you get charged.
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Which bank allows you to print while in the branch?
 
ShaunyCT said:
I pay R98/month and my statements are all free from their atms. I print there and bring it inside the bank to stamp.

All debit and stop orders, purchases, cash withdrawals at shops, payments to beneficiaries and transfers through internet and atm, are included.

I also get 5 cash deposits at atms.



So far I am happy with my account.
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I thought statements from the atm already have some kind of stamp.
 
DA-LION-619 said:
Which bank allows you to print while in the branch?
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Nedbank have these machines in the branch, though I had no idea they didn't charge for the stamping service. But honestly. What kind of money are you trying to save??
 
It doesn't sound like a good idea to use the computers inside the bank to print out statements.

You never know if they have keyloggers or whatnot installed on those machines.
 
supersunbird said:
Vehicle loan providers (Wesbank and ABSA) and a Capitec loan I took out (they actually went line to line through it when doing the affordability assessment, that's why I know they wont go African Banks way) and definitely the SA Home Loans people, all wanted 3 months bank statements.
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They don't like you!

Bond with SA Homeloans - used 3 months emailed FNB bank statements
Car with Wesbank - used 3 months email bank statements
Car with Ford Credit - used .... you get the idea.

Emailed PDF's are good enough to match my credit history.....


To the guys who can't understand why there is so much cash in play still - please wake up! In retail cash is still huge!

I have customers who own butcheries, grocery outlets and many of the township folk have paid for their goods in my shop with bundles of cash. We then take this cash and drop it on the desk of one of our local suppliers and make it their problem - avoids the massive cash handling fee's which eat into GP. It's all declared to the tax man (through my books anyways) plus there is no delay like CC's which take days to clear on our bank account.
 
mister said:
That's what they are trying to do by charging these ridiculous fees!
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Nonsense. If banks wanted to go cashless, they would charge the fee to the person depositing cash * not * the entity receiving. It's impossible for the recipient to prevent remitters from depositing cash.
 
Cash is risk. Pretty simple. And you pay for it.
 
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