Wednesday, 12 May 2010
Fnb Bank cuts costs and then raises costs
Secondly, happy Wednesday to all of you, and thank you for being continued supporters and readers of the SA Property BLOG. We will be undergoing some changes in the weeks to come, upgrade, new templates, so please bare with me if the site looks out of shape every now and then.
What caught my eye this morning was the article on the Business Day, talking about FNB raising it's banking charges by 6%.
This comes as no surprise to me, funny enough although FNB claim to have the lowest banking charges of all banks, they are closing offices around the countries and obviously need to make this money back by increasing the charges of their loyal supports and people who actually bring them business and help them grow. Fnb bank have come under alot of scrutiny in the last couple of weeks, but as a BUSINESS banking client and PERSONAL banking client of FNB for almost 15 years now, I find that having to increase our costs to help support the loss they're going to make by closing all their smaller branches PATHETIC to say the least.
I've been considering moving from FNB for some time now, as soon as the WORLD CUP (which I have 3 tickets for, grim and weep boys), is over, I'll consider a change.
If you want to compare bank accounts - check out Justmoney.co.za.