Standard Bank now charging for Cheque deposits.

Mars

Honorary Master
Joined
Feb 4, 2006
Messages
10,668
As of the beginning of the year Standard Bank have started charging R12.50 for every cheque I deposit into my account! As a business I can take 5 to 10 cheques a day.
So even if I only take 100 cheques a month thats R1250 that standard bank have decided to charge me for nothing. Without notification of any kind.

I phoned the branch manager and she tried to feed me some horse manure about "its a standard thing now" and that its "across the board".
I phoned FNB and they have no intention of charging a cheque deposit fee.
Come Monday I am moving my account away from the thieves and going with FNB.
 

Wall

Sports Addict
Joined
Mar 12, 2009
Messages
30,809
that's ridiculous. you could end up paying a small fortune on bank fees aka diddly squat.

luckily you picked it up, think of those that don't :eek:
 

RVQ

Expert Member
Joined
Apr 30, 2007
Messages
2,052
We need a, Banking with ABSA, STD, Nedbank? Your bank sucks, move to FNB, sticky!
 

mister

Executive Member
Joined
Jul 21, 2008
Messages
9,002
As of the beginning of the year Standard Bank have started charging R12.50 for every cheque I deposit into my account! As a business I can take 5 to 10 cheques a day.
So even if I only take 100 cheques a month thats R1250 that standard bank have decided to charge me for nothing. Without notification of any kind.

I phoned the branch manager and she tried to feed me some horse manure about "its a standard thing now" and that its "across the board".
I phoned FNB and they have no intention of charging a cheque deposit fee.
Come Monday I am moving my account away from the thieves and going with FNB.

We were notified by somebody in the bank that it would apply to personal accounts only, next thing you know, WITHOUT notice, our business account is also getting charged this ridiculous fee...
 

oronte

Expert Member
Joined
Dec 11, 2006
Messages
2,187
There was a time a few years back when Standard were really the best bank with the best service and lowest charges. Somehow they managed to regress and I too swtiched to FNB last year who don't have the best service but do have the lowest charges (and since everyone's service sucks, price is the only thing left to compare).
 

SinghDude

Chief Sports Analyst
Joined
Jan 16, 2009
Messages
12,835
Standard bank will $crew you for every cent if you dont wise up.

Standard W@nk sucks.
 

MartyMarts

Spontaneous Interruption
Joined
May 16, 2006
Messages
6,254
There was a time a few years back when Standard were really the best bank with the best service and lowest charges. Somehow they managed to regress and I too swtiched to FNB last year who don't have the best service but do have the lowest charges (and since everyone's service sucks, price is the only thing left to compare).

That's why I joined them about 7/8 years ago. Now every month I ask myself why I'm still with them.

Who the hell uses checks these days ?

Was wondering that as well. I had (still have) a cheque book for years. Never used it.
 

Wall

Sports Addict
Joined
Mar 12, 2009
Messages
30,809
the reason banks are starting to charge money like this for cheque deposits is simple, they are forcing consumers to stop using cheques. it's more risky than eft and is more cumbersome for them.
 

Malasius

Senior Member
Joined
Jul 25, 2007
Messages
644
the reason banks are starting to charge money like this for cheque deposits is simple, they are forcing consumers to stop using cheques. it's more risky than eft and is more cumbersome for them.
+1 high risk of fraud
 

Paul_S

Expert Member
Joined
Jun 4, 2006
Messages
4,951
As of the beginning of the year Standard Bank have started charging R12.50 for every cheque I deposit into my account!

Just check if it's per cheque or per deposit.
I deposited three cheques into my account last week and I was only charged R12.50 for the transaction.
 

rph72

Executive Member
Joined
Jun 3, 2005
Messages
6,526
Just check if it's per cheque or per deposit.
I deposited three cheques into my account last week and I was only charged R12.50 for the transaction.

Yip, it must be per deposit as the maximum total fee is R12.50
 

rph72

Executive Member
Joined
Jun 3, 2005
Messages
6,526
Yip, it must be per deposit as the maximum total fee is R12.50

FNB also charges:
Cheque Deposit
FNB ATM with envelope or automated deposits (ADT) - Free
FNB Branch - R13.50

At least it's free at an ATM.
 
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