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Nairaland Forum / Nairaland / General / Investment / Account Maintenance Fee Charged On Savings Account At First Bank PLC (1546 Views)
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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. 1 Like |
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: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: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: |
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