got this email from std bank this morning explaining the "upgrade" to elite account.
As your bank, we have listened to you and have met your need for products and services that deliver real value at the lowest possible rates. During our 150th birthday year, we are delighted to offer you an upgrade of your account to our Elite Banking package. We are also pleased to announce that we have reduced the fixed monthly fee on your account from R145 to R99.
From 2 April 2012, you can enjoy savings, more value for your money and additional features and benefits with reduced fees on your account.
Our new offering gives you better value, more cash in your pocket plus full service banking that meets your needs at a great price.
Moving you forward with Elite Banking
The benefits you now enjoy include:
New! Unlimited electronic transactions - including all cheque and debit card swipes at merchants plus electronic inter-account transfers, electronic account payments, debit orders and stop orders.
New! No annual card fees on your Gold Credit and Gold Cheque cards*.
New! 1% lower interest rate on the outstanding balance on your Gold Credit card*.
New! Free secondary Gold Credit and Gold Cheque cards* for a family member.
New! Access to a separate second Elite Plus account for your spouse or life partner at a reduced monthly fee of R75.
No initiation or monthly service fees on overdrafts* up to R500.
A better deal on a personal loan* based on your individual needs and budget.
Free access to Internet, Telephone and Cellphone banking plus unlimited SMS notifications with the MyUpdates service to keep track of the transactions on your account. We even pay your mobile network charges when you dial *120*2345#.
Will call them today and see what is going on.
). Isn't this whole ad campaign going on about how other banks cheat you on hidden charges on bundled charges?