Standard Bank is crazy!!!

supersunbird

supersunbird

Honorary Master
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2009-02-07 AUTOBANK CASH WITHDRAWAL AT MORELETA PK 1 15H11 R 500.00-
2009-02-07 SERVICE FEE ## R 7.65-
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At some stage Standard Bank decided to make their ATM fees "flexible" on savings accounts. They must be suffering from some kind of mental retardation.

I needed to draw some cash (which I rarely have to do), I should just have used my Capitec card and paid the fixed R6.50 and saved R1.15 for drawing a measly R500 at the ATM...
 
supersunbird said:
At some stage Standard Bank decided to make their ATM fees "flexible" on savings accounts. They must be suffering from some kind of mental retardation.

I needed to draw some cash (which I rarely have to do), I should just have used my Capitec card and paid the fixed R6.50 and saved R1.15 for drawing a measly R500 at the ATM...
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Hey dude, any update on those questions on Capitect I had?
Still interested, but I think I should rather go to FNB.
 
Geriatrix said:
Hey dude, any update on those questions on Capitect I had?
Still interested, but I think I should rather go to FNB.
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No airtime. Well, thats the only question I can recall. I'm drafting a letter about how they can improve their website...

What was the other question? Well, anything but ABSA and SB might be good...
 
supersunbird said:
At some stage Standard Bank decided to make their ATM fees "flexible" on savings accounts. They must be suffering from some kind of mental retardation.

I needed to draw some cash (which I rarely have to do), I should just have used my Capitec card and paid the fixed R6.50 and saved R1.15 for drawing a measly R500 at the ATM...
Click to expand...

I paid almost R6.00 to draw only R250 the other day! I really hope the compitition commission rip the banks to pieces with that report that was leaked! The banks should really be forced to lower their fees!
 
supersunbird said:
At some stage Standard Bank decided to make their ATM fees "flexible" on savings accounts. They must be suffering from some kind of mental retardation.

I needed to draw some cash (which I rarely have to do), I should just have used my Capitec card and paid the fixed R6.50 and saved R1.15 for drawing a measly R500 at the ATM...
Click to expand...

Yeah, they've changed it from a flat fee to a base fee plus a percentage of the amount you're drawing. Makes the fees a lot higher.
 
Geez like, thats crazy. Scares me to even think how much it would be if you used another banks ATM...
 
HypoThesis said:
Geez like, thats crazy. Scares me to even think how much it would be if you used another banks ATM...
Click to expand...

I don't think it's actually that much more - the base fee is higher, but the % portion is still the same, I think.

Okay, looked it up: for plusplan/puresave/Marketlink accounts, it's R3.90 + 1.03% to draw from SB's ATMs. For any other bank's ATMs, it the R3.90 + 1.03% + R6.70.
 
CathJ said:
I don't think it's actually that much more - the base fee is higher, but the % portion is still the same, I think.

Okay, looked it up: for plusplan/puresave/Marketlink accounts, it's R3.90 + 1.03% to draw from SB's ATMs. For any other bank's ATMs, it the R3.90 + 1.03% + R6.70.
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Yoh!!!

I think I will just use my capitec card on the SB ATMs now and hope capitec don't raise their prices insanely...
 
CathJ said:
I don't think it's actually that much more - the base fee is higher, but the % portion is still the same, I think.

Okay, looked it up: for plusplan/puresave/Marketlink accounts, it's R3.90 + 1.03% to draw from SB's ATMs. For any other bank's ATMs, it the R3.90 + 1.03% + R6.70.
Click to expand...

:eek::eek:

So lets say I draw R1000 from a Nedbank ATM coz I need the cash ASAP and there's no Std Bank atm it would = R20.90!!!
 
In December, we had to draw R20 000 in cash from one of our company's accounts (don't ask!) and the banking costs on the transaction was R 210.
 
Under the mattress in fresh notes, the safest way :) and makes for a comfortable sleep!
 
These banks just have licenses to print money and fusk the man on the street.:(
 
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