Banks Are Shite
Bank SA particularly, Bank SA Credit card fees (this links to them as they are a prick to find to normally) are too high. Way too high.
We had a credit balance prior to going to Japan. We are charged with 2.5% foreign conversion fee, after they used a slightly low exchange rate anyway, 1.25% cash advance fee, which is wrong as they are not advancing cash to us, the card was in credit, and a foreign bank ATM fee of $1.50, as there is no BankSA ATMs in Osaka that is a bit off. The final tally here is 30000 yen withdraw cost us $378.83, their exchange rate was 82.48, giving us 15.13 in fees.
The ACCC seem to be too scared of the banks to attack them over fees, the government is likewise, way too scared.
All to protect the shareholders, who probably haven't invested directly into the bank at all.
Word to the wise banks: Protect your shareholders by increasing you business, increase you business by respecting your customers, provide service!
Hate banks so much.
We also deal with the PowerState credit union, they are just as bad.
Our business will go to the bank with no fees, when one comes around, not like BankWest who have a Zero Card, apart it being next to impossible to find their fees online, they do exists and are high, too high.
I will post them as soon as they arrive(I had to ask for them via the help line, and they are sending me an application kit, which includes the fees list.)
CPS has it marginally better, in that they do not charge account keeping fees, and you pay less if you have more invested. The fact that they charge at all makes them eviltm.
We had a credit balance prior to going to Japan. We are charged with 2.5% foreign conversion fee, after they used a slightly low exchange rate anyway, 1.25% cash advance fee, which is wrong as they are not advancing cash to us, the card was in credit, and a foreign bank ATM fee of $1.50, as there is no BankSA ATMs in Osaka that is a bit off. The final tally here is 30000 yen withdraw cost us $378.83, their exchange rate was 82.48, giving us 15.13 in fees.
The ACCC seem to be too scared of the banks to attack them over fees, the government is likewise, way too scared.
All to protect the shareholders, who probably haven't invested directly into the bank at all.
Word to the wise banks: Protect your shareholders by increasing you business, increase you business by respecting your customers, provide service!
Hate banks so much.
We also deal with the PowerState credit union, they are just as bad.
Our business will go to the bank with no fees, when one comes around, not like BankWest who have a Zero Card, apart it being next to impossible to find their fees online, they do exists and are high, too high.
I will post them as soon as they arrive(I had to ask for them via the help line, and they are sending me an application kit, which includes the fees list.)
CPS has it marginally better, in that they do not charge account keeping fees, and you pay less if you have more invested. The fact that they charge at all makes them eviltm.
posted by medge at 9:49 am
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