South African banks have amongst the highest charges in the world, if not the highest.
My British Bank account features:
- No monthly fee
- Free cheques
- ATM transactions free
- Deposits / withdrawals free
- Internet banking free
- No charge for new credit card
and something unheard of to SA banks - service!
Closed my Sub-Standard bank accounts in SA since they were a rip off and the service was appalling.
I could never figure this one out: I deposit cash into my bank account, which the bank uses to run its business while offering me a neglibible rate of interest, and they CHARGE me for the privilege. Looks like it's not only pilots who are suckers.