PLEASE NOTE:

MyNews24 is a user-generated section of News24.com. The stories here come from users.

 
Kalibanache
 
Comments: 28
Article views: 1686
 
 
Latest Badges:


 
View all Kalibanache's badges.
 

Banks bank on the stupidity of individuality

01 February 2013, 22:16
When you notice there is extra money taken out of your account, You are not alone. If its happening to me it must be happening to millions of people. Lets consider that of our 50 Million population if we have only half the people with banking accounts that is a even share of 5 Million people with each bank, Absa , Standard, Nedbank, FNB and Capitec, Granted these figures wont be accurate and there are more lending institutions but for the sake of simple considerations lets continue. 
If 25 Million people needed a solution to keeping their money safe we all have some major problems. Granted you may earn a significant amount and find that bank charges are the least of your concern, . 
Cash is risky in SA I understand, its a costly affair keeping it and moving it around. But I cannot help taking each and every charge I see and multiplying it by the amount of customers they have. Its a staggering reality. If on each day each user bought just 1 item and swiped their card once or did 1 withdrawal and let us suppose on average at a bare minimum the average charge was R5 that would mean the banks would collect R125 Million per day each and every day. I assure you they are taking much more maybe over double on average.
Their operating costs must be the biggest joke allowed in civilized society, I say Civilized because I include England and such places. These banks own buildings, each and every 1 of the 1000's of branches have been purchased with your parents and their parents and your money...
They do not show the real money they earn, Why are all the ABSA Branches and buildings not 100% paid for, Why are we paying so much for banking charges. In 1 month I was charged R500 on banking charges plus R441,90 for internet banking charges and I am not talking about the possible R1300 that is plain missing in the account.
So when I take my little matter and multiply it just by a million, Just how much money are these people moving. How much are they taking away from your future, From your children s future. I placed R10 000 cash into an ABSA branch they took R120 and cents on handling fees. That is more than 1 %. If that is all they make is 1% on handling the billions we spend yearly they are making plenty money, How dare we still pay for ATM withdrawals and pay for using our cards or making internet payments. Its outrageous what desperate money grabbing garbage they have become.
I pay maybe nearly R180 each and every month just to have access to my account. Just take that and multiply it, Just that is enough money to make the world turn once, I then get charged R5 for every internet transaction. Just what ATM fees were a few years ago.
I am certain they are going to destroy themselves. There is zero human element in the banks, My voice alone means nothing, My complaints is just holding the guy up in the queue behind me.
I guess what I am saying is, Post office account or checkers money market seems much cheaper to move money, I am looking forward to a time when enough people had enough, We Target a branch and we make some noise, Banking can surely be done cheaper and if they want to make money fine, But they must make a whole lot less for me to play along.
Why are we supporting them, Lets find better solutions. For now, I am joining Capitec, Absa have lost their minds !!!

Disclaimer: All articles and letters published on MyNews24 have been independently written by members of News24's community. The views of users published on News24 are therefore their own and do not necessarily represent the views of News24. News24 editors also reserve the right to edit or delete any and all comments received.
 

Read News24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
28 comments
Add your comment
Comment 0 characters remaining

Read more from our Users

Submitted by
Toni V Brockhoven
Foie Gras. Torture in a tin.

According to Stop Gavage, the French organisation against foie gras, worldwide 80 million birds are force fed annually – known as gavage – several times daily until slaughter.  Read more...

9 comments 383 views
Submitted by
IanMartin
Frikkie And Plug Join The Army

When Frikkie and Plug were in Matric the SANDF visited their school on a recruitment drive. After listening to the presentation they both decided it would be a good idea to join the army for a year. Read more...

16 comments 4042 views
Submitted by
Chris Khanye
The tyranny of Jacob Zuma leaders...

Why Jacob Zuma is somewhat despised and controversial, it is because he espoused the ‘dangers of leadership’.  Read more...

12 comments 1327 views
Submitted by
archibald
Life after death

The only evidence we do have of what LIFE is, is the testimonies of those who actually left their bodies to have seen the real force that lives inside their body.  Read more...

172 comments 2174 views
Submitted by
PeterTracey
Why I’m no DA fan

This Maimane fellow from the DA was as boring as an 80 year old German padre and does not seem to relate to our country’s history and the struggles of the ordinary person in the street. Read more...

53 comments 3374 views
Submitted by
Yacoob80
Surviving the dark: a cancer surv...

Two days have passed since my last treatment. My body nauseated, weak. Legs feeling like jelly, chest burning…burning like nothing I have experienced before. Read more...

23 comments 1453 views

Jobs in Cape Town [change area]

Property [change area]

Travel - Look, Book, Go!

Magical Massinga

Spend 5 nights at the gorgeous Massinga Beach Lodge in Mozambique and only pay for 4 from R13 220 per person sharing. Includes return flights, accommodation, transfers and romantic turndown. Book now!

Kalahari.com - shop online today

Festive gifts!

Check out our awesome range of festive gifts to make everyone’s wishes come true. Shop now!

Seen something you like in our catalogue?

Find the perfect gift and save up to R5000 – As seen on the catalogue. Hurry and shop now!

Save up to R2200 on electronics! – As seen in the catalogue

Wishing for tech gadgets this festive? Save up to R2100 on hot tech products at kalahari.com. While stocks last. Shop now!

Up to 35% off books

Save up to 35% on the latest page-turners. While stocks last. Shop now!

Good Morning, Mr Mandela by Zelda la Grange

Good Morning, Mr Mandela tells the extraordinary story of how a young woman had her life, beliefs, prejudices and everything she once believed in utterly transformed by the greatest man of her time. Now R221. Pre-order now!

OLX Free Classifieds [change area]

Samsung Galaxy s4

Mobile, Cell Phones in South Africa, Western Cape, Cape Town. Date October 24

Best bargain in big bay

Real Estate, Houses - Apartments for Sale in South Africa, Western Cape, Cape Town. Date October 25

VW Golf 6, 1.6 Trendline (Excellent condition)

Vehicles, Cars in South Africa, Western Cape, Cape Town. Date October 25

 

services

E-mail Alerts The latest headlines in your inbox

RSS feeds News delivered really simply.

Mobile News24 on your mobile or PDA

E-mail Newsletters You choose what you want

News24 on your iPhone Get News24 headlines on your iPhone.

SMS Alerts Get breaking news stories via SMS.

Blogs Your opinion on you, me and everyone.

Calais Website keywords automated by OpenCalais.

 
Interactive Advertising Bureau
 
© 2014 24.com. All rights reserved.
There are new stories on the homepage. Click here to see them.
 
English
Afrikaans
isiZulu

Hello 

Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.


Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.

Settings

Location Settings

News24 allows you to edit the display of certain components based on a location. If you wish to personalise the page based on your preferences, please select a location for each component and click "Submit" in order for the changes to take affect.








Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.