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Nigerian Banks And Its Systematic Extortion (share Your Experience) - Business (3) - Nairaland

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Re: Nigerian Banks And Its Systematic Extortion (share Your Experience) by InvertedHammer: 1:14pm On Sep 03, 2018
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The doctor is the one being ignorant. The banks are doing exactly what they are supposed to do--taking people's money and making money out of it. A bank is not a charity organization. Why do people keep money in the banks? It is because of the security they provide. Security comes with a price. He has an option of finding a cheaper bank or keeping his money to himself. Banking is not mandatory.

/

2 Likes

Re: Nigerian Banks And Its Systematic Extortion (share Your Experience) by AlphaStyles(m): 1:14pm On Sep 03, 2018
My own bank dy pain me i no get 1kobo for my bank acct yet dem dy maintain my atm dem maintain am till e enter -100 naira seriously
Re: Nigerian Banks And Its Systematic Extortion (share Your Experience) by zig2ryme04: 1:15pm On Sep 03, 2018
i opened savings account at Zenith bank last two months, they charged me 1000 naira for ATM card and one month later they charged me 200 naira for card maintenance fee. i got so angry
Re: Nigerian Banks And Its Systematic Extortion (share Your Experience) by RichardKajola(m): 1:16pm On Sep 03, 2018
Our banks have lost initiatives on how to make money and have resort to extortion because think of it, the money made from this is enough to pay salaries and run the banks
union bank own don tire me

2 Likes

Re: Nigerian Banks And Its Systematic Extortion (share Your Experience) by RichardKajola(m): 1:19pm On Sep 03, 2018
InvertedHammer:
/
The doctor is the one being ignorant. The banks are doing exactly what they are supposed to do--taking people's money and making money out of it. A bank is not a charity organization. Why do people keep money in the banks? It is because of the security they provide. Security comes with a price. He has an option of finding a cheaper bank or keeping his money to himself. Banking is not mandatory.

/
what are u saying? so the banks in UK he mentioned are charity organisations.
Nigerians have gotten so used to corruption that it has become normal to them

6 Likes

Re: Nigerian Banks And Its Systematic Extortion (share Your Experience) by Duru009(m): 1:22pm On Sep 03, 2018
Zenith bank is worst oh my God !
Re: Nigerian Banks And Its Systematic Extortion (share Your Experience) by iamphill: 1:23pm On Sep 03, 2018
If they don't charge how will they pay their staffs and maintain the services they are offering you? How will they have funds to laon you for that crucial business deal?

Besides a bank is a business venture and not a no for profit organization.

I think that fellow on twitter enjoys showing his ignorance and illiteracy while trying to sound or seem smart! What do I know sef?

1 Like 1 Share

Re: Nigerian Banks And Its Systematic Extortion (share Your Experience) by cyndylove64(f): 1:24pm On Sep 03, 2018
shedy03:
UBA, First bank, etc charge N50 monthly ATM card maintenance fee.
oga am a firstbank user na 100naira dey dey charge me for card maintenance
Re: Nigerian Banks And Its Systematic Extortion (share Your Experience) by RichardKajola(m): 1:24pm On Sep 03, 2018
ultron12345:
Look at all of them are talking, bcoz d charges aren't entering their pocket. If the bank was for you or your father, una go complain? Mtcheeeeeeeew. Many of those complaining will do worse if given d chance.
Meaning
pls think before typing
Re: Nigerian Banks And Its Systematic Extortion (share Your Experience) by Afon1: 1:30pm On Sep 03, 2018
Honestly Nigeria banks are scammers , a former bank official confirm this to me they have a way of extorting their customer and this so sad.

Running a current acct in Nigeria is like putting your money down the drain you pay stamp duties , card maintenance etc.
Re: Nigerian Banks And Its Systematic Extortion (share Your Experience) by AkpaMgbor(m): 1:33pm On Sep 03, 2018
iamphill:
If they don't charge how will they pay their staffs and maintain the services they are offering you? How will they have funds to laon you for that crucial business deal?

Besides a bank is a business venture and not a no for profit organization.

I think that fellow on twitter enjoys showing his ignorance and illiteracy while trying to sound or seem smart! What do I know sef?
At the bolded, you obviously don't know jack shyte..the irony in calling someone else an illiterate.

3 Likes

Re: Nigerian Banks And Its Systematic Extortion (share Your Experience) by Nobody: 1:33pm On Sep 03, 2018
sandraade:
Because UK Banks doesnt charge you per transaction does not mean Nigeria banks shouldnt. US banks do charge per transation

Please name any bank in the United states that charges per transaction.

2 Likes

Re: Nigerian Banks And Its Systematic Extortion (share Your Experience) by Nobody: 1:36pm On Sep 03, 2018
iamphill:
If they don't charge how will they pay their staffs and maintain the services they are offering you? How will they have funds to laon you for that crucial business deal?

Besides a bank is a business venture and not a no for profit organization.

I think that fellow on twitter enjoys showing his ignorance and illiteracy while trying to sound or seem smart! What do I know sef?

Exactly!! You know absolutely nothing.

3 Likes

Re: Nigerian Banks And Its Systematic Extortion (share Your Experience) by iamphill: 1:36pm On Sep 03, 2018
AkpaMgbor:

At the bolded, you obviously don't know jack shyte..the irony in calling someone else an illiterate.


Kindly educate me I love learning. Please expantiate.
Re: Nigerian Banks And Its Systematic Extortion (share Your Experience) by Festy4u(m): 1:38pm On Sep 03, 2018
shedy03:

UBA charge N50 for transfer to other banks. i wonder if your UBA is different.


It seems you didn't spot the moniker that she is using. She is probably operating a "lifeless banking" system.

1 Like

Re: Nigerian Banks And Its Systematic Extortion (share Your Experience) by JONNYSPUTE(m): 1:39pm On Sep 03, 2018
ZarahBuhari:

It's N11 UBA charges me for transfer Chief
...Hmmm. UBA charges me #52,00 for transfer.
Re: Nigerian Banks And Its Systematic Extortion (share Your Experience) by Nobody: 1:40pm On Sep 03, 2018
Union bank my God!!!
Re: Nigerian Banks And Its Systematic Extortion (share Your Experience) by lakesider(m): 1:41pm On Sep 03, 2018
There is no bank extortion In Nigeria.. Travel out and see how much banks charge people

1 Like

Re: Nigerian Banks And Its Systematic Extortion (share Your Experience) by AkpaMgbor(m): 1:41pm On Sep 03, 2018
iamphill:



Kindly educate me I love learning. Please expantiate.
There is no 's' in the word staff. In it's singular or plural form it remains the same...remember this, when you point an accusing finger at someone three of your own fingers are pointing right back at you.

3 Likes

Re: Nigerian Banks And Its Systematic Extortion (share Your Experience) by starz100: 1:43pm On Sep 03, 2018
desmondude:
Nigeria banks are big fruad ecobank deducted 1050 from my account saying its a card replacement fee I didn't apply for
The same Ecobank also deducted N1050 from my account saying it is a card replacement fee. I never applied for any card replacement, in fact I plan going to the bank to complain. This is totally unacceptable and should be condemned by all

1 Like

Re: Nigerian Banks And Its Systematic Extortion (share Your Experience) by loyedammy: 1:49pm On Sep 03, 2018
some people are here still defending what is not right.

money saved in a bank allows the bank to use it for business.......this alone should be enough to settle its running cost among others. but when it comes to extortion.....it's called stealing.

imagine, using an ATM that as been coded to dispense 10k so you can be charge 65.0 on each withdrawal. meanwhile in Benin republic the ATM there dipsense the total amount you are allowed in a day at once.

3 Likes

Re: Nigerian Banks And Its Systematic Extortion (share Your Experience) by Digitalwitch: 1:57pm On Sep 03, 2018
silastemplar:
whats this OP saying, you dont want to pay any charge at all in banks? you are rendered a service and you dont want to pay, but u ll gladly pay at a game centre, or an eatry or to buy gas. Oga swerve jare
Is that how they practice banking abroad? lipsrsealed undecided

1 Like

Re: Nigerian Banks And Its Systematic Extortion (share Your Experience) by Nobody: 2:04pm On Sep 03, 2018
angry
Re: Nigerian Banks And Its Systematic Extortion (share Your Experience) by Digitalwitch: 2:05pm On Sep 03, 2018
InvertedHammer:
/
The doctor is the one being ignorant. The banks are doing exactly what they are supposed to do--taking people's money and making money out of it. A bank is not a charity organization. Why do people keep money in the banks? It is because of the security they provide. Security comes with a price. He has an option of finding a cheaper bank or keeping his money to himself. Banking is not mandatory.

/
There are some charges that are not necessary. For example debit card maintenance fee and charging customer for birthday wishes are not necessary

3 Likes

Re: Nigerian Banks And Its Systematic Extortion (share Your Experience) by Kingsuo: 2:07pm On Sep 03, 2018
Alaadin:
It got so bad that i did over the counter withdrawal and the bank teller tolld me there is a 25 naira charge oooo, banking extortion is up there in criminal activites.


Dem even sorry for you,what of me that had to pay 200 naira for withdrawal slip
Re: Nigerian Banks And Its Systematic Extortion (share Your Experience) by Akin0: 2:12pm On Sep 03, 2018
This is something our regulatory authority- CBN should check, probably they don't charge them. The Banks have lost idea on how to generate income, so they keep devising means of charging the account, even if you do not do any transactions. Several charges like card maintenance charges, payment for the issuance of Card, sms alert, Account Maintenance. Honestly, i don't know why they are charging account maintenance, the role of the Bank is to keep the money. There are better ways of making money through the customers, not through the crude way. If they need help, we can assist them.
The CBN should wake up and stop this nonsense of charges.

3 Likes

Re: Nigerian Banks And Its Systematic Extortion (share Your Experience) by Proflere: 2:13pm On Sep 03, 2018
I know if I start talking about this particular bank, people will be wondering if any sensible person still patronize them, but you can't blame me cos its not my fault.
In NYSC camp we were compelled to open account with any bank our tag number falls under as we were divided among the banks present. After the account was activated people were receiving 2050 naira from keystone but I was not given, I waiter for days but mine never came and I simply gave up on them. We were all given our ATM cards when leaving camp and 1050 was deducted from those that received 2050. After the stress we went through, my dearest bank was unable to pay us allawee and we had to supply another bank details to receive that.
After my first allawee I decided to transfer some amount into my keystone account and they removed 1050 immediately (in my mind, yea that should be for the card). Two months later I received a debit alert of 2050 on my phone with a message stating(ATM RECOVERY FEE). I visited their nearest branch the following week and hitherto, they couldn't explain why the money was deducted. I requested for a refund (for where, maybe next year)

The other time Access bank charged me 350naira for SMS alert and I was wondering if we were chatting, even my Whatsapp doesn't consume 350naira per month.. I ttayya for all of them!!!

6 Likes

Re: Nigerian Banks And Its Systematic Extortion (share Your Experience) by Cyberl33t: 2:27pm On Sep 03, 2018
Access bank charged me 528 naira for message alert... I called them to complain and the said I should go to any of their branch and disable SMS alerts. They say they charge #4 per message they send me... Can u imagine?

Even UBA with all their madness can't charge that amount for SMS alert

2 Likes

Re: Nigerian Banks And Its Systematic Extortion (share Your Experience) by Tinalex(f): 2:27pm On Sep 03, 2018
shedy03:

UBA charge N50 for transfer to other banks. i wonder if your UBA is different.
Its 52 naira sef and not 50 naira...a won ole
Re: Nigerian Banks And Its Systematic Extortion (share Your Experience) by Premiumwriter: 2:30pm On Sep 03, 2018
mamatayour:
Access bank is first on the list for irrelevant charges undecided
then you don't know Firstbank.

That bank na first in line for thievery

2 Likes

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