I have been banking with them since 2005 as they are the cheapest bank in terms of bank charges, but they couldn’t give me a vehicle loan or a house loan, or a personal financial loan despite all these years of loyalty, saying their policy forbids them giving loans to a non-South African ID holder.
Surprisingly Standard Bank and Nedbank managed me to give a housing loan, a personal loan and a vehicle finance even though I did not bank with them. Others have experienced similar frustrations. It will take time to convince us that they are genuinely assisting foreigners.
I opened an account with Standard Bank. All I have to do is transfer some money and my mother can withdraw at any ATM in Zimbabwe at a cost of about $2. She can also swipe for groceries at no cost.
So for me it’s cheaper that way because if I transfer R4000 per month for her she only has to withdraw about $150 at a cost of $2 for her day to day cash needs, but for any purchase she just swipes – and it’s free. So why worry about a discriminative FNB? – B.N. – PretoriaPost published in: Letters to the Editor