As economic circumstances continue to put pressure on disposable income, one of the easiest ways that consumers can stretch their budgets is by taking advantage of digital and electronic banking channels to reduce banking charges. Ryan Prozesky, FNB Consumer Core Banking CEO, says small and gradual changes in banking behavior have proven to help consumers cut back on costs in the long-term. We are continuing to see a positive increase in the number of customers who benefit from the … [Read more...] about Reduce bank charges via digital channels
bank charges
Ten tips to saving on banking charges
If you can’t quite put your finger on bank charges when checking your statement every month, it is possible that you either don’t have the best banking account that suits your transacting needs or may have adopted behaviour that is costing you a bit more. Ryan Prozesky, CEO of FNB Value Banking Solutions, says in principle, choosing an ideal banking account for your needs, keeping abreast of fees and knowing what value you are getting from your bank should help you avoid unnecessary bank … [Read more...] about Ten tips to saving on banking charges
Friday Rant – an easy one today, Damn Banks
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 … [Read more...] about Friday Rant – an easy one today, Damn Banks
Budget Speech: Bank Charges Under the Spotlight
Banks could be in for a tougher time when it comes to the fees they charge businesses and individuals, with the National Treasury’s proposal to broaden the mandate of the Financial Services Board (FSB) to include regulation of market conduct by banks. Finance Minister, Pravin Gordhan, revealed in his Budget Speech on Wednesday that he hoped this would help tackle bank charges, stemming from Judge Jali’s 2008 Enquiry into Competition in Banking. This is among one of several measures that … [Read more...] about Budget Speech: Bank Charges Under the Spotlight
