STD bank cheque account charges ?

Pitbull

Pitbull

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Hi Guys,

I'm a little baffeled :confused:

I opened a cheque account with STDbank and I'll be honest and say I have not make a deposit into that account as yet. So nigerian tried to buy something from me and I gave him my cheque account number. Knowing he will scam me I waited for the funds to clear.

I noticed my account was over R 500 in a negative :eek: I have never used it as yet, fee's sure. But R 500 for 2 months ? I checked last night and as I expected it was a bouced cheque that he dropped in the account. However now the account is R 803 in a negative :eek:

PS. My Credit card is linked to the cheque account.

So all in all I owe STDbank now R 803. for an account I have never even used yet for 3 months (I will be making it my normal running account as from end of this month) But I mean R 800 for service fee's ?

And also, can I be charged for a cheque that someone else paid into my account that bounced ?

I'm really pretty pissed off at this. I owe them R 800 for absolutely FK ALL !!!!
 
blunomore said:
The sex life of banks are fantastic!! They screw everyone they see.
Click to expand...

However Blu,

Does that figure sound right ? I'm astonished to say the least. That is R 1 000 almost in 3 months on charges for an account I have never even used yet ?
 
Well, Pitbull, it sounds off.

A while ago we asked statements and they charged us an exorbitant amount (R500). I called and complained and they reversed the charges.

Maybe try that?
 
maybe the nigerian has been trying to do stuff and you are paying the bank charges??

If this is true and that is the bank charges i'm closing mine today!!! I opened it because it was suppose to be cheaper than the savings account i had!!
 
adelp said:
maybe the nigerian has been trying to do stuff and you are paying the bank charges??

If this is true and that is the bank charges i'm closing mine today!!! I opened it because it was suppose to be cheaper than the savings account i had!!
Click to expand...

+1

That is the reason I have it. And sure it comes with other added benefits but I'm not going to pay R 300 +/- every month on charges alone. That is fk'ng insane. And I'm also not going to pay for a bounced check (Which I assume mad up the other R 300) for something someone paid into my account. Where the fk does that come from ? They don't check the cheques being paid in and I need to pay R 300 for that ?
 
It definitely shouldn't be for bank charges - there might be a small maintenance fee, but it should be in the region of R10 per month. There might be an overdraft fee as well, so check that you've set your overdraft limit down to R0.

Unfortunately they will charge you if you deposit a cheque that bounces, but it shouldn't be that much.
 
AirWolf said:
Get a bank statement from them.

If it is only for bank charges then their fees are ridiculously high:sick:.
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I think I'll have to go to STDbank also tomorrow after my visit to SARS :(
Honestly I can't for the life of me understad that. There is nothing loaded on that account appart from my Credit card. There is no debit orders, no internet transactions, no deposits, no nothing. And if i have to average it out it's R 803/3 = R 267.67 per month on an account with fk all admin that needs to be done :confused:
 
CathJ said:
It definitely shouldn't be for bank charges - there might be a small maintenance fee, but it should be in the region of R10 per month. There might be an overdraft fee as well, so check that you've set your overdraft limit down to R0.

Unfortunately they will charge you if you deposit a cheque that bounces, but it shouldn't be that much.
Click to expand...

But CathJ,

I didn't deposit a cheque that bounced. Someone paid it into mine :( I think it's not ethical to charge me for that cheque ? Overdraft afaik I didn't ask for one. it's very very wierd.

Nothing I can do but go into the bank I guess. I never complain about anything in my life. But this is seriously fk'd up. But it might be something I'm missing or don't know about.
 
Pitbull said:
I think I'll have to go to STDbank also tomorrow after my visit to SARS :(
Honestly I can't for the life of me understad that. There is nothing loaded on that account appart from my Credit card. There is no debit orders, no internet transactions, no deposits, no nothing. And if i have to average it out it's R 803/3 = R 267.67 per month on an account with fk all admin that needs to be done :confused:
Click to expand...

If your credit card is linked to it, the minimum payment on the credit card might be going through your cheque account. Do you have a balance outstanding on the credit card?
 
AirWolf said:
If your credit card is linked to it, the minimum payment on the credit card might be going through your cheque account. Do you have a balance outstanding on the credit card?
Click to expand...

FFS !

Yes, I think you might be right :mad:

I pay the money directly into the credit card. So they will prob try and debit the minimum payment from my cheque account.

MOTHER !

So yes, then it's not their fualt just my lack of understanding how it works. I paid R 3000 into the credit card cash on the 25th of last month.

/slaps myself against the head so hard I pass out
 
Pitbull, have you ever deposited money into the account yourself? AFAIK the account is not active until you have deposited money into it yourself. If you haven't then tell the bank you've changed your mind about having a cheque account and you won't have to pay.
 
remybfg10k said:
Pitbull, have you ever deposited money into the account yourself? AFAIK the account is not active until you have deposited money into it yourself. If you haven't then tell the bank you've changed your mind about having a cheque account and you won't have to pay.
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No it's cool.

Seems like i fk'd up :D

I'll go sort it out tomorrow :p

AirWolf might have been right on the money ;)

I appologise to STDbank wo has served me well for over 10 years :o Looks like it was my own mistake :p
 
What type of account do you have (business/achiever/achiever plus/prestige etc)? Std Bank has a lot of different fee structures for their customers. I pay a flat rate fee of R115 a month which includes a lot of free transactions, enough so that I don't pay a lot in bank charges at all. Only withdrawels from other ATM's etc.

Bounced cheques... those are little bitches. a bounced cheque thats not even your fault will be charged for. Also, don't draw money with your credit card. Banks allow this, but as soon as you use your credit card for a cash transaction they slap you with a R100+ "ATM fee"... this is over and above the normal interest rate.

This is even true if you transfer excess funds off your credit card into a savings and or cheque account. It goes via an ATM transaction and end of the month they slap you with it (it doesn't happen immediately like with a normal cash withdrawel)


Banks will **** you as far up the ass as they can. It's up to you to stay vigilant and check that things are in order. Get internet banking, the charges should be detailed in there to show you where your money has been going.

Also note if you have an overdraft facility, even if you don't use it they charge R18,50 for it a month. They also charge interest on the money that you go into "Red" with them so that might have also bumped it up.

I think I paid around R670 per month extra due to interest charges no R23k overdraft. All that **** adds up.


Big tip. Don't give your stuff to nigerians, they're *******s. ;)
 
AcidRaZor said:
What type of account do you have (business/achiever/achiever plus/prestige etc)? Std Bank has a lot of different fee structures for their customers. I pay a flat rate fee of R115 a month which includes a lot of free transactions, enough so that I don't pay a lot in bank charges at all. Only withdrawels from other ATM's etc.

Bounced cheques... those are little bitches. a bounced cheque thats not even your fault will be charged for. Also, don't draw money with your credit card. Banks allow this, but as soon as you use your credit card for a cash transaction they slap you with a R100+ "ATM fee"... this is over and above the normal interest rate.

This is even true if you transfer excess funds off your credit card into a savings and or cheque account. It goes via an ATM transaction and end of the month they slap you with it (it doesn't happen immediately like with a normal cash withdrawel)


Banks will **** you as far up the ass as they can. It's up to you to stay vigilant and check that things are in order. Get internet banking, the charges should be detailed in there to show you where your money has been going.

Also note if you have an overdraft facility, even if you don't use it they charge R18,50 for it a month. They also charge interest on the money that you go into "Red" with them so that might have also bumped it up.

I think I paid around R670 per month extra due to interest charges no R23k overdraft. All that **** adds up.


Big tip. Don't give your stuff to nigerians, they're *******s. ;)
Click to expand...

BS. They charge the same as drawing from a savings / cheque account eg R5 for R500, R10 for R1000 etc
 
AirWolf said:
BS. They charge the same as drawing from a savings / cheque account eg R5 for R500, R10 for R1000 etc
Click to expand...

Yeah. What happens, though, is that they start charging interest on it immediately, unlike a credit purchase. Maybe that's where the confusion is coming in?
 
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