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Account Maintenance Fee Charged On Savings Account At First Bank PLC - Investment - Nairaland

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Account Maintenance Fee Charged On Savings Account At First Bank PLC by chygoz3(m): 2:40pm On Jul 05, 2016
I have a savings account with First bank and just recently, i got charged an account maintenance fee, which I know is only applicable to current accounts.

I got in contact with them and was told that the fee is charged on savings accounts that record a high volume of transactions monthly.

I am aware that the common thing obtainable with savings accounts in banks is that if you withdraw more than a certain number of times in a month, the interest will not be paid on the account for that month.

So it's not just enough that the interest on the account is not paid anymore, I am now being charged even further?

Can anyone confirm if the same is applicable with savings accounts at other banks or is First bank trying to play a fast one on me?
Re: Account Maintenance Fee Charged On Savings Account At First Bank PLC by thunder74(m): 2:48pm On Jul 05, 2016
They did that to me too. We are at their mercy. CBN is part of the scam.
Re: Account Maintenance Fee Charged On Savings Account At First Bank PLC by Nobody: 2:52pm On Jul 05, 2016
Nigeria banking system is poor
Re: Account Maintenance Fee Charged On Savings Account At First Bank PLC by ice234: 8:14pm On Jul 05, 2016
They did that to me, I complained to their complaint team and wrote to consumers protection council. They reversed the charge after a week. I was ready to hire a lawyer. I was ready to give them a bad image.

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Re: Account Maintenance Fee Charged On Savings Account At First Bank PLC by chygoz3(m): 8:48pm On Jul 05, 2016
This is totally unethical and something should be done about it.

ice234:
They did that to me, I complained to their complaint team and wrote to consumers protection council. They reversed the charge after a week. I was ready to hire a lawyer. I was ready to give them a bad image.
I will do the same and question why a savings account would be treated as a current account only when it is in the interest of the bank and not of the customer.
We cannot keep quiet on issues like this unless it will continue.
Re: Account Maintenance Fee Charged On Savings Account At First Bank PLC by zuzuonyi: 3:57pm On Aug 04, 2016
ice234:
They did that to me, I complained to their complaint team and wrote to consumers protection council. They reversed the charge after a week. I was ready to hire a lawyer. I was ready to give them a bad image.

I have just towed the same line with you. Waiting for the response from their complaints team before the next step. Nansense!!!
Re: Account Maintenance Fee Charged On Savings Account At First Bank PLC by ice234: 12:07pm On Dec 02, 2017
Were you successful?

zuzuonyi:

I have just towed the same line with you. Waiting for the response from their complaints team before the next step. Nansense!!!

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