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Bank Robbery! Is First Bank New MONTHLY FEE Charge Right? - Business - Nairaland

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Bank Robbery! Is First Bank New MONTHLY FEE Charge Right? by chumaster(m): 10:36am On Mar 05, 2016
As I woke up this morning and saw a notification on my phone. I checked only to be greeted with debit alert from First bank that looks like this ...."Your account 30XXXXXX33 has been debited with N100 by MONTHLY FEE....."...

I decided to ask them on their twitter handle what that fee is for and when it started. I was immediately replied that it is a new introduction with another 5% VAT effective from February 2016 on all savings accounts.

Now, my questions are

* why did they carryout such action on people's hard earned money without duely notifying them about it

* Is this an order from Central bank and is it obtainable in other banks?

* Is Savings account not meant to attract interest other than tax and unnecessary charges?

* If I decide to save N1200 with the bank and at the end of the year my acc statement reads N0.00, how does this encourages saving

* How does this encourages Cashless policy since people are robbed of their money while it is in the bank?

* Isn't N100 per month not too much?

*What is now the difference between Savings and current accounts?
.
Please we should not keep quiet while our hard earned money is being taking away from us in this current economic situation

cc
Lalasticlala
dominique

8 Likes 1 Share

Re: Bank Robbery! Is First Bank New MONTHLY FEE Charge Right? by nastyesco(m): 10:39am On Mar 05, 2016
Start using kolo...piggybank if u don't have better bar in the account. Na u queue for ATM yesterday for 15mins only to check acct balance abi? grin grin

2 Likes

Re: Bank Robbery! Is First Bank New MONTHLY FEE Charge Right? by chumaster(m): 10:44am On Mar 05, 2016
nastyesco:
Start using kolo...piggybank if u don't have better bar in the account. Na u queue for ATM yesterday for 15mins only to check acct balance abi? grin grin
Re: Bank Robbery! Is First Bank New MONTHLY FEE Charge Right? by chumaster(m): 10:46am On Mar 05, 2016
nastyesco:
Start using kolo...piggybank if u don't have better bar in the account. Na u queue for ATM yesterday for 15mins only to check acct balance abi? grin grin
Bro, it's time we started taking such action seriously

1 Like

Re: Bank Robbery! Is First Bank New MONTHLY FEE Charge Right? by tyav7: 10:50am On Mar 05, 2016
Got same alert this morning and was wondering was it with our banking system. It's simply frustrating.
Re: Bank Robbery! Is First Bank New MONTHLY FEE Charge Right? by Kondomatic(m): 10:54am On Mar 05, 2016
They don deduct from my own sotey the money come finish, now they're telling me to come and deposit something so that they will see where to deduct for next month.

What Nonsense! Can't I even afford to be broke

2 Likes

Re: Bank Robbery! Is First Bank New MONTHLY FEE Charge Right? by Nobody: 11:26am On Mar 05, 2016
same here...was surpised by the new charges.. i know some ignoramus will say its just 100...

but 100 naira from over1million accounts is huge profit for the bank....imagine making over 1.2billion in a year from our accounts is a form of scam
Re: Bank Robbery! Is First Bank New MONTHLY FEE Charge Right? by acenazt: 11:31am On Mar 05, 2016
Me i don taya 4 first bank. Them no get piety at all.
Re: Bank Robbery! Is First Bank New MONTHLY FEE Charge Right? by chumaster(m): 11:59am On Mar 05, 2016
kallmemrB:
same here...was surpised by the new charges.. i know some ignoramus will say its just 100...

but 100 naira from over1million accounts is huge profit for the bank....imagine making over 1.2billion in a year from our accounts is a form of scam
PENNED ROBBERY! It's unacceptable
Re: Bank Robbery! Is First Bank New MONTHLY FEE Charge Right? by Codedzng: 12:53pm On Mar 05, 2016
Same here too.... I wz charge dis Morning N84 and Another N4 for VAT On Account Maintenance fee....
OMG!!! Dis Bank is sucking pple money o! Is it Only First Bank?
Also another Alart N100 Monthly fee and additional N5 for VAT... First Bank is a Fraudulent Bank

3 Likes

Re: Bank Robbery! Is First Bank New MONTHLY FEE Charge Right? by tonjeola(m): 12:58pm On Mar 05, 2016
I got the alert around 2am when I was online, I immediately sent them mail, waiting to hear from them before I copy CBN, if it an order from CBN, before I will take the next action. This na stealing from who no get to enrich their pocket
Imagine deduct 100naira from all customers, chai...first bank don hammer!
Re: Bank Robbery! Is First Bank New MONTHLY FEE Charge Right? by Rotadbd: 2:23pm On Mar 05, 2016
I'm not alone***Sigh***
*****Looking for my sandals****
on my way to First Bank to withdraw my little Kobo before them go finish am for their NONSENSE charges.....
#Singing Mode activated..
**** I Don Port oooo I Don port to PIGGY BANK... BETTER BANK: No interest! No charges!!!
Re: Bank Robbery! Is First Bank New MONTHLY FEE Charge Right? by krall69: 3:54pm On Mar 05, 2016
FIRST BANK ARE CRIMINALS
Re: Bank Robbery! Is First Bank New MONTHLY FEE Charge Right? by ojochidem(m): 4:09pm On Mar 05, 2016
It is not right. We were not informed only to scam us overnight.
Re: Bank Robbery! Is First Bank New MONTHLY FEE Charge Right? by yomalex(m): 6:40pm On Mar 05, 2016
I sent them mail within 10 minutes of debit alert and cc cpd@cbn.gov.ng no response yet.

Update 10th March 2016 See How I got My Money Back
Re: Bank Robbery! Is First Bank New MONTHLY FEE Charge Right? by Nobody: 6:59pm On Mar 05, 2016
Would you believe that I just got debited immediately after reading the post above me? Chai!
Re: Bank Robbery! Is First Bank New MONTHLY FEE Charge Right? by Nobody: 8:18pm On Mar 05, 2016
.
Re: Bank Robbery! Is First Bank New MONTHLY FEE Charge Right? by Nobody: 9:23pm On Mar 05, 2016
FirstBank are fraudsters....I got the alert this morning & I was like? Wtf I will just kuku close dis Firstbank acc & continue wit my belov diamond bank
Re: Bank Robbery! Is First Bank New MONTHLY FEE Charge Right? by websuccess(m): 9:39pm On Mar 05, 2016
It's like that in GTBank and Last(1st)bank too.

Are we suppose to enrich this thieves and satisfy their want to snuff live of "hustling" guys like me.

Am still planning to close down Last(1st)bank account and operate only one account in just only one bank.

#saynotoofficialbankthieves
Re: Bank Robbery! Is First Bank New MONTHLY FEE Charge Right? by Deo27: 10:30pm On Mar 05, 2016
Guys! pls I need the email.
Re: Bank Robbery! Is First Bank New MONTHLY FEE Charge Right? by Richiy(f): 10:52pm On Mar 05, 2016
Mine is more N120!!!! Thieves!!!
Re: Bank Robbery! Is First Bank New MONTHLY FEE Charge Right? by larrypourl(m): 11:34pm On Mar 05, 2016
Imagine people with 3-4 savings account with different banks
Re: Bank Robbery! Is First Bank New MONTHLY FEE Charge Right? by OgaSirAde(m): 11:42pm On Mar 05, 2016
God bls you op am sick and tired of their deductions just btw fri and tday #150 has been deducted for yeye acct maintenance and vat charge oh.
Re: Bank Robbery! Is First Bank New MONTHLY FEE Charge Right? by mavinc4u(f): 2:25am On Mar 06, 2016
Codedzng:
Same here too.... I wz charge dis Morning N84 and Another N4 for VAT On Account Maintenance fee....
OMG!!! Dis Bank is sucking pple money o! Is it Only First Bank?
Also another Alart N100 Monthly fee and additional N5 for VAT... First Bank is a Fraudulent Bank

maintenance fee i know is for current account and not for savings account. they deducted close to N1000 from me. Very soon. i will close all my accounts and start keeping my money at home.
Re: Bank Robbery! Is First Bank New MONTHLY FEE Charge Right? by hrhobi1(m): 5:07am On Mar 06, 2016
They waited till weekend before committing this crime. Last month ended on a week they and they decided to steal from us on Saturday when banks are closed, the deducted about 400 from my account, sms charge vat, monthly fee e.t.c.
Re: Bank Robbery! Is First Bank New MONTHLY FEE Charge Right? by Nobody: 6:38am On Mar 06, 2016
I don abandon my First bank AC tey tey. Because of this deductions. I was getting different deduction alerts on my account for different useless reasons. Sometimes no reason at all. So I jejely went to the bank and withdrew my money and transferred them to my zenith account. You better do the same before them shop your money finish
Re: Bank Robbery! Is First Bank New MONTHLY FEE Charge Right? by Codedzng: 6:40am On Mar 06, 2016
mavinc4u:


maintenance fee i know is for current account and not for savings account. they deducted close to N1000 from me. Very soon. i will close all my accounts and start keeping my money at home.
I wz surprised wen I saw the Alart on my Savings Account...I will definitely go there on Monday to knw the reason for their Fraudulent deduction
Re: Bank Robbery! Is First Bank New MONTHLY FEE Charge Right? by TimationMARZ(m): 6:58am On Mar 06, 2016
I got the alert too . #100 for monthly fee? Chaii
Re: Bank Robbery! Is First Bank New MONTHLY FEE Charge Right? by otokx(m): 7:34am On Mar 06, 2016
Banks in Nigeria are having a field day extorting their clients with spurious charges; savings account is not spared from the onslaught.
Re: Bank Robbery! Is First Bank New MONTHLY FEE Charge Right? by mavinc4u(f): 7:54am On Mar 06, 2016
Nnaabros:
I don abandon my First bank AC tey tey. Because of this deductions. I was getting different deduction alerts on my account for different useless reasons. Sometimes no reason at all. So I jejely went to the bank and withdrew my money and transferred them to my zenith account. You better do the same before them shop your money finish

My dear is almost all the banks that are into this broad day robbery it looks like first bank and gtbank are taking leads on this robbery.

Skye bank deducts N65 at any withdrawal from another bank ATM whether first withdrawal in a month or last withdrawal.

Stanbic charges N50 stamp duty on savings account even on self account transfer.

First bank does monthly fee and maintenance fee, i really wonder what those fees mean; hmm that one tie real wrapper.

Gtbank fraudulently reduces their rate to dollar and after customers have used it, they would leave their customer's account with a negative balance thereby claiming system glitches.


When Arm robbers rob banks, we all shout arrest them, kill them on nairaland; now that banks who are suppose to protect our money are robbing us, i wonder what we should shout and who will shout for us.

6 Likes 1 Share

Re: Bank Robbery! Is First Bank New MONTHLY FEE Charge Right? by muderkid(m): 8:37am On Mar 06, 2016
My account balance is well below 1k, they didn't consider that before deduction, all this banks be frustrating someone. cry

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