i also tried RMB. need a R1m package! And they were quite blunt about it. i am with STD, got a prestige banker. i email her and my investment banker anytime and they help me out. its pretty straight forward.
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RMB Private acceptance requirments?
- Thread starter xrapidx
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Yeh - Standard is something I'm considering...
ABSA has just failed me too many times - there is only so much I can take. They charge me R350 per month - which is meant to include all fee's, but doesn't (e.g. SMS Notifications) - they can't even tell me what it doesn't include, I must discover this for myself.
Their bankers do not know their own products or services - its a hassle to get anything done, e.g. FICA - they just sold me a damn house and want me to prove I live there -and its my fault that the utility bill address is slightly different to the physical address. (on all my bills).
Each time they have an excuse for non-delivery, I've had three bankers since starting with them (18 months I think), each one promises me something, then vanishes and the new one won't honour the promises. e.g. prime -2% on my bond last year.
lending rates suck at the moment. spoke to a family member who works for FNB Homeloans and he did say they struggled in 2009 but things picked up during Dec hence he worked thro the holidays to make quotas.
anyway, i also left ABSA when they refused to increase my overdraft limits from R3k to R5k. went to STD who offered me like R50k on overdraft alone!!!
anyway, i also left ABSA when they refused to increase my overdraft limits from R3k to R5k. went to STD who offered me like R50k on overdraft alone!!!
I had the same with ABSA Private when I moved over, they offered my R8000 credit on my credit card - at FNB I was on R40,000 (IIRC)... told them they're insane - they also offered me R1,000 limit on petrol - two tanks- dumb-asses.
Told them to match what I had or bugger off - now I regret that they did... utterly useless.
Worst case is going to be me transferring to another branch - and try their services, if it also fails, I'll take the hit of paying bond re-registration costs at another bank only to be rid of their sorry asses.
Told them to match what I had or bugger off - now I regret that they did... utterly useless.
Worst case is going to be me transferring to another branch - and try their services, if it also fails, I'll take the hit of paying bond re-registration costs at another bank only to be rid of their sorry asses.
there really is no reason to move the bond over to another bank unless ofcos you gonna get a better rate and score in the long term. afterall there should not be too many transactions on a bond account.
R1000 on a petrol card.....hehe!
R1000 on a petrol card.....hehe!
Finally got a document from ABSA listing the fee's, as per the banker, he says
Now I open document, and this is the section:
Do you think SMS/Email notification is included or excluded in the fee mentioned?
Now I open document, and this is the section:
Do you think SMS/Email notification is included or excluded in the fee mentioned?
Nedbank's Private Bank is terrible. Investec and RMB all the way.
Dolby
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I hated Standard Bank ...
I had everything (Cheque account, credit card, petrol card etc ) opened in February - and everything closed again in June.
Never kept to what they promised and all the benefits listed on the website that were free and included in the package, were not (error on their webpage). They asked for FICA docs when applying (fair enough) and again 3 months later.
They then blocked the account as they said they never received.
I had everything (Cheque account, credit card, petrol card etc ) opened in February - and everything closed again in June.
Never kept to what they promised and all the benefits listed on the website that were free and included in the package, were not (error on their webpage). They asked for FICA docs when applying (fair enough) and again 3 months later.
They then blocked the account as they said they never received.
What does this mean?
Code:
Notification fee (SMS or e-mail).It's not abundantly clear to me
Dunno - the fact that its one line before the line he quoted to say its not included - confuses me.
Because apparently you still get charged for certain things, like SMS and email notification.
I know its only 75c an email, but that adds up depending on how many payments you make, and it also adds to the already high R350pm.
Because apparently you still get charged for certain things, like SMS and email notification.
I know its only 75c an email, but that adds up depending on how many payments you make, and it also adds to the already high R350pm.
I did - I copied and pasted the section (including the line he quoted) and highlighted the fee's in the list that they've charged me for - asking what exactly those free fee's are, if not the ones I was charged.
Spoke the the branch manager yesterday, told him their service is shocking - and I had better service at Nedbank when I was a child with a savings account, also told him if I do not get a suitable interest rate elsewhere, the very least I'd do is move branches, something that didn't seem to bother him at all.
I miss FNB
Too bad they couldn't offer me the loan I needed.Boomstomp
Well-Known Member
ABSA, and all the other banks, are rather branch specific with regard to service.
Was at a small ABSA branch in Stellenbosch, they were shocking! Moved to the main branch and all my troubles went away
btw, the ABSA Private bank has a nice building in stellenbosch on the edge of a piece of winefarm with business facilities.... very niiiiiiccccccceeeeeeeee
Was at a small ABSA branch in Stellenbosch, they were shocking! Moved to the main branch and all my troubles went away
btw, the ABSA Private bank has a nice building in stellenbosch on the edge of a piece of winefarm with business facilities.... very niiiiiiccccccceeeeeeeee
Also with Standard Bank Prestige, No problems what so ever. Personalised service and treated very very well. Also, they recently upgraded most prestige clients to titanium cheque / credit and garage cards. Better interest rates and stuff
Apparently not - they couldn't respond to a simple email requesting information on what they offer.
Considering this is the time of information technology, you'd think a top bank to be on top of it.
If you have a bond - .5% interest can mean a HUUUGE amount of money, e.g. .5 on R1.6m = R8000/pa.
Also (with FNB) - they jump when you have a problem, I had a bank card delivered to Australia in 48 hours (or something similar) - you just get better service.
Unfortunately, with ABSA Private, they treat you like a kid opening his first savings account.
For anyone thinking of ABSA Private, FNB Platinum has less than half the income requirement, and more than 2x the service.
FNB Platinum is WAY WAY WAY better than ABSA Private - I still have my cheque account open at FNB - when ever I need something urgently, I still use FNB - because ABSA are just useless...
e.g. When ABSA screwed up my bond, and instead of working the fee's into the bond, like they said they would, they debited my cheque account with the fee's and said there's nothing they can do, they wouldn't even give me access to more money to be able to by food for the month.
Sent an email to FNB - had access to money for the month within 24 hours.
If it wasn't for the re-registration costs, and if they could give me a better interest rate, I'd move back to FNB.