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Nairaland Forum / Nairaland / General / Business / Customers Outraged Over Excessive Bank Charges (24042 Views)
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Customers Outraged Over Excessive Bank Charges by ManirBK: 10:50am On Nov 28, 2021 |
Hidden and arbitrary charges are now the norm with Nigerian banks, which is giving them a not-so-pleasant reputation. These endless charges have almost become a necessary evil as customers now live with them; having been left without options. https://dailytrust.com/customers-outraged-over-excessive-bank-charges?fbclid 4 Likes 1 Share
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Re: Customers Outraged Over Excessive Bank Charges by ManirBK: 10:50am On Nov 28, 2021 |
That's what we get when we have a Central Bank governor who will rather side with banks than care about citizens. It is under him that these useless charges were introduced. He is always doing everything to please the banks. 84 Likes 2 Shares |
Re: Customers Outraged Over Excessive Bank Charges by sapientia(m): 10:54am On Nov 28, 2021 |
There is no way I will not sue Access Bank and CBN when I have their time Power intoxicates especially when you hurt a lot of people to the extent you feel untouchable But one day, a Daniel will come to Judgment 85 Likes 5 Shares |
Re: Customers Outraged Over Excessive Bank Charges by ManirBK: 10:56am On Nov 28, 2021 |
sapientia:The charges are just "terribly outrageous!" And some of the banks like mine, don't give debit alert on those useless charges. Just deposit 200k in your account if you have 20k the next time you would deposit 100k instead of getting a balance of 320k you will get like 319, 850. Just imagine?! 93 Likes 7 Shares |
Re: Customers Outraged Over Excessive Bank Charges by NLandIsHypocrit: 10:58am On Nov 28, 2021 |
Honestly this is very worrisome. All the Banks are involved in this coded criminality but Access Bank seems to be in the lead and the Personal government of Nigeria is aware of this because they're also benefitting from the criminal extortion through CBN and some of their regulations. Everyone is affected but no one is talking. 32 Likes 6 Shares |
Re: Customers Outraged Over Excessive Bank Charges by Ahmback(m): 11:02am On Nov 28, 2021 |
Access bank will even charge you for making a deposit. Useless set of people 60 Likes 4 Shares |
Re: Customers Outraged Over Excessive Bank Charges by baralatie(m): 11:12am On Nov 28, 2021 |
Ahmback:Ehn! 4 Likes 1 Share |
Re: Customers Outraged Over Excessive Bank Charges by lashout1: 11:28am On Nov 28, 2021 |
Everything dies in this country; You make transfer with GTB mobile app, you get additional deductions tagged VAT, transfer commission and stamp duty charge. After 2 weeks, you will receive another with SMS charge for two week and another at the end of the month including 2 weeks that have been deducted previously. The annoying thing is that most of these deductions do not come with SMS because they are trying to get it off the customers attention. If I use my GTB ATM card on another bank's dispenser, I get deductions for every use, which is supposed to be one deduction after 3 usage. 80 Likes 7 Shares |
Re: Customers Outraged Over Excessive Bank Charges by Minime10(m): 11:37am On Nov 28, 2021 |
NLandIsHypocrit: Try UBA, then Access might just pass for a saint. It happened to me just last week, as I don't have any strength for long grammar, I simply took my card and went to the next available withdrawing point and then emptied the remnants, let UBA go ahead and deduct from the empty account. 34 Likes 3 Shares |
Re: Customers Outraged Over Excessive Bank Charges by yanabasee2: 11:45am On Nov 28, 2021 |
ManirBK: I swear.... I've to be transferring additional #300 just for banks to be eating from it... Just so they don't get to reach the main balance... But this isn't how it should be.. Banks are places where you keep money and have increase... But as it is today ... if you keep your money in the bank and in the next ten years, you'll be owing the bank... 53 Likes 4 Shares |
Re: Customers Outraged Over Excessive Bank Charges by Ahmback(m): 12:11pm On Nov 28, 2021 |
baralatie:seriously! 4 Likes 2 Shares |
Re: Customers Outraged Over Excessive Bank Charges by manee2(m): 3:40pm On Nov 28, 2021 |
Re: Customers Outraged Over Excessive Bank Charges by lagusboyyy(m): 3:41pm On Nov 28, 2021 |
Its just too outrageous. Upon the fact that all these banks cant give you one naira for free, they keep deducting customers hard earned cash unnecessarily in the name of one charges or the other. To even get ordinary SME loans from them na war, but once its a big man, they will borrow them money till the bank will almost go bankrupt. No hope for common man in this country from any angle. It will get to a point that the masses will be keeping money themselves with olden days methods, because, its getting out of hand already.. 12 Likes 2 Shares |
Re: Customers Outraged Over Excessive Bank Charges by Ezemarcel(m): 3:41pm On Nov 28, 2021 |
This is the reasons I abandoned GTB..... Flee from gtb and know peace No wonder innoson won them in court 15 Likes 4 Shares
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Re: Customers Outraged Over Excessive Bank Charges by inoki247: 3:41pm On Nov 28, 2021 |
He b laik say na UBA jus wear dat cloth mayb Access Bank don teach dem... Na so I dey check my account history diz week dey see laik 80naira range deduction in 3 places in a week.. 7 Likes 1 Share |
Re: Customers Outraged Over Excessive Bank Charges by NaijaCuzin: 3:41pm On Nov 28, 2021 |
Uba just deducted 300 from me yesterday Zenith is even worse, their customers are always complaining 18 Likes 2 Shares |
Re: Customers Outraged Over Excessive Bank Charges by WhizdomXX(m): 3:41pm On Nov 28, 2021 |
Dr zenith |
Re: Customers Outraged Over Excessive Bank Charges by revived: 3:41pm On Nov 28, 2021 |
All banks nah Werey Dem be 8 Likes 2 Shares |
Re: Customers Outraged Over Excessive Bank Charges by nonut: 3:42pm On Nov 28, 2021 |
Meanwhile |
Re: Customers Outraged Over Excessive Bank Charges by Goldbw122(m): 3:42pm On Nov 28, 2021 |
When will things be just right? When? 4 Likes 2 Shares |
Re: Customers Outraged Over Excessive Bank Charges by Skillsnigeria: 3:42pm On Nov 28, 2021 |
Hmmm |
Re: Customers Outraged Over Excessive Bank Charges by ignis: 3:42pm On Nov 28, 2021 |
Naija banks are thieves. 10 Likes 2 Shares |
Re: Customers Outraged Over Excessive Bank Charges by WhizdomXX(m): 3:42pm On Nov 28, 2021 |
yanabasee2:Very very true. 5 Likes 2 Shares |
Re: Customers Outraged Over Excessive Bank Charges by Akwamkpuruamu: 3:42pm On Nov 28, 2021 |
Nigeria banks are broad day light thieves 11 Likes 2 Shares |
Re: Customers Outraged Over Excessive Bank Charges by BadNews: 3:43pm On Nov 28, 2021 |
Nawa o |
Re: Customers Outraged Over Excessive Bank Charges by Harddiskng(m): 3:45pm On Nov 28, 2021 |
Banks in Nigeria are lazy institutions over pampered by Emefiele. Every decision Emefiele makes is always in favour of Banks to the deterrent of its customers, it’s a pattern that is getting very suspicious and it is very unfair really. In a country like Nigeria, where a Government doesn’t need provide means of livelihood for its people, you make policy to be eating with fork and knife the little they are struggling to make under harsh economic conditions 17 Likes 2 Shares
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Re: Customers Outraged Over Excessive Bank Charges by FarahAideed: 3:45pm On Nov 28, 2021 |
I got charged for 300 smses on an account I hardly recently by GT bank .. outright fraud 6 Likes 2 Shares |
Re: Customers Outraged Over Excessive Bank Charges by Systrom(m): 3:46pm On Nov 28, 2021 |
Honestly, all the charges my bank debit from my account daily, weekly, monthly and yearly, a summation of it can buy 2004 Toyota Corolla - foreign used. 12 Likes 2 Shares |
Re: Customers Outraged Over Excessive Bank Charges by NNTR: 3:46pm On Nov 28, 2021 |
ManirBK:The following exchange was published in the British humor magazine, Punch, on April 3, 1957. It is reprinted here as an appropriate introduction and as a mental exercise to limber the mind for the material contained in this book. Q. What are banks for? A. To make money. Q. For the customers? A. For the banks. Q. Why doesn't bank advertising mention this? A. It would not be in good taste. But it is mentioned by implication in references to reserves of $249,000,000 or thereabouts. That is the money that they have made. Q. Out of the customers? A. I suppose so. Q. They also mention Assets of $500,000,000 or thereabouts. Have they made that too? A. Not exactly . That is the money they use to make money. Q. I see. And they keep it in a safe somewhere? A. Not at all. They lend it to customers. Q. Then they haven't got it? A. No. Q. Then how is it Assets? A. They maintain that it would be if they got it back. Q. But they must have some money in a safe somewhere? A. Yes, usually $500,000,000 or thereabouts. This is called Liabilities. Q. But if they've got it, how can they be liable for it? A. Because it isn't theirs. Q. Then why do they have it? A. It has been lent to them by customers. Q. You mean customers lend banks money? A. In effect. They put money into their accounts, so it is really lent to the banks. Q. And what do the banks do with it? A. Lend it to other customers. Q. But you said that money they lent to other people was Assets? A. Yes. Q. Then Assets and Liabilities must be the same thing? A. You can't really say that. Q. But you've just said it. If I put $100 into my account the bank is liable to have to pay it back, so it's Liabilities. But they go and lend it to someone else, and he is liable to have to pay it back, so it's Assets. It's the same $100, isn't it? A. Yes. But... Q. I see. And they keep it in a safe somewhere? A. Not at all. They lend it to customers. Q. Then they haven't got it? A. No. Q. Then how is it Assets? A. They maintain that it would be if they got it back. Q. But they must have some money in a safe somewhere? A. Yes, usually $500,000,000 or thereabouts. This is called Liabilities. Q. But if they've got it, how can they be liable for it? A. Because it isn't theirs. Q. Then why do they have it? A. It has been lent to them by customers. Q. You mean customers lend banks money? A. In effect. They put money into their accounts, so it is really lent to the banks. Q. And what do the banks do with it? A. Lend it to other customers. Q. But you said that money they lent to other people was Assets? A. Yes. Q. Then Assets and Liabilities must be the same thing? A. You can't really say that. Q. But you've just said it. If I put $100 into my account the bank is liable to have to pay it back, so it's Liabilities. But they go and lend it to someone else, and he is liable to have to pay it back, so it's Assets. It's the same $100, isn't it? A. Yes. But... Q. Then it cancels out. It means, doesn't it, that banks haven't really any money at all? A. Theoretically.... Q. Never mind theoretically. And if they haven't any money, where do they get their Reserves of $249,000,000 or thereabouts? A. I told you. That is the money they have made. Q. How? A. Well, when they lend your $100 to someone they charge him interest. Q. How much? A. It depends on the Bank Rate. Say five and a-half per cent. That's their profit. Q. Why isn't it my profit? Isn't it my money? A. It's the theory of banking practice that... Q. When I lend them my $100 why don't I charge them interest? A. You do. Q. You don't say. How much? A. It depends on the Bank Rate. Say half a per cent. Q. Grasping of me, rather? A. But that's only if you're not going to draw the money out again. Q. But of course, I'm going to draw it out again. If I hadn't wanted to draw it out again I could have buried it in the garden, couldn't I? A. They wouldn't like you to draw it out again. Q. Why not? If I keep it there you say it's a Liability. Wouldn't they be glad if I reduced their Liabilities by removing it? A. No. Because if you remove it they can't lend it to anyone else. Q. But if I wanted to remove it they'd have to let me? A. Certainly. Q. But suppose they've already lent it to another customer? A. Then they'll let you have someone else's money. Q. But suppose he wants his too ... and they've let me have it? A. You're being purposely ob- tuse. Q. I think I'm being acute. What if everyone wanted their money at once? A. It's the theory of banking practice that they never would. Q. So what banks bank on is not having to meet their commitments? A. I wouldn't say that. Q. Naturally. Well, if there's nothing else you think you can tell me...? A. Quite so. Now you can go off and open a banking account. Q. Just one last question. A. Of course. Q. Wouldn't I do better to go off and open up a bank? Personal text: Jesus is not a theologian. He is God who told stories. 13 Likes 5 Shares |
Re: Customers Outraged Over Excessive Bank Charges by Noshitboi(m): 3:47pm On Nov 28, 2021 |
Access Bank thunder fire una!! If you touch my fifty fifty naira again una go see me. Yahoo bank!! 7 Likes 2 Shares |
Re: Customers Outraged Over Excessive Bank Charges by Boschh(m): 3:48pm On Nov 28, 2021 |
OPay and Kuda are even serving the masses better than this shiit called Nigerian Banks. 11 Likes 3 Shares |
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