MyPE

Community Business Directory, Event Listings, News and Views from Gqeberha, Nelson Mandela Bay

Friday Rant – an easy one today, Damn Banks

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Today I perceived the need to extract information from my Standard Bank accounts going back to December 2009 so I hopped onto Internet banking.

Extracting info is logical – I needed to analyse payments made to a certain account BUT could only extract information going back 365 days. Any further and I needed to go into my branch.

So I decided to run a comparison between Standard Bank and my current favourite, Capitec. Wanna be bored about how much I actually love a bank? Then ask me about Capitec.

I discovered that Capitec allows ONLINE access to two years of account history (as opposed to Standard Banks one year). Capitec does not have a nifty sort facility but that is why Bill Gates wrote MS Office and an Open Source community wrote Open Office -try it, it is free to download, easy to install and pretty intuitive to use.

So off I toddled to Standard Bank to request a specific historic set of statements and the CRUX – they only give an entire history and the KICKER it is going to cost me R20.00 per PAGE – Holy Cow.

I then popped in to Capitec and asked them what they will charge for a printed historical statement and their charge is R3.00 for FIVE pages.

How is it possible that Standard Bank can charge R20.00 per page and Capitec R0.60 per page?

I believe that Capitec have now released a Super Duper Debit card that will allow internet transactions. One more step to complete freedom from excessive idiotic bank charges – Steve and his mates had better watch out!

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Alan Straton

Chief Cook, Bottle Washer and Broom Mechanic at MyPE
Passionate about Port Elizabeth and definitely NOT packing for Perth. Alan's ethos is epitomised in the words of Nelson Mandela; "I have fought against white domination and I have fought against black domination. I have cherished the idea of a democratic and free society. If need be, it is an ideal for which I am prepared to die." See more articles by Alan.