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Bank Charge! How Legal Is It? - Business - Nairaland

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Bank Charge! How Legal Is It? by zaragoza(m): 9:02pm On Mar 16, 2009
The issue of "bank charge" has been operating like a trojan horse in our society, and my biggest concern is just dat everyone seems to be okay with it. Its almost d norm of d day dat virtually every fee you pay in banks today, they usually request for "bank charge" which usually ranges 4rm N200 - N500. Is it justified for a student who goes to pay his or her school fees in a bank to pay extra N500 as charges? If at all its legal to collect charges, should d student be made to pay d charges instead of d institution dat employed d services of d bank? I see this as a corporate extortion, i stand to be corrected. Is there any difference btw payin in money into someone's account and payin fees? I see it as thesame process, cos u are also paying in money into d institutions account with d bank, so why collect charge for one and not d other? Pls bankers on d forum and fellow nairalanders pls i wld like u guys to shed more light.
Re: Bank Charge! How Legal Is It? by Nobody: 12:42am On Mar 17, 2009
It all depends on each bank and how they charge, ther are always charges on every recorded financial transaction at almost al banks. For me i see those charges as customer's commission, (u knw want make dem chop?) unlike bloody UBA (I promised not to use em asshole bank again for wht eva transact) .
They over charge unnecessarily. I hate that.

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