First National Bank
CASH Deposits too Expensive for Business Owners
- 01-27-2013
- 4
I got a customer who paid me with a Cash Deposit not knowing that FNB will Charge me R52.70 to deposit R3500 into my business account. I also have to pay my Supplier R8.75 per EFT to purchase the stock to sell my customer. This all adds up. At the end of the day all the profit for a item sold goes to FNB Bank Charges.
I will make it my business to find another bank who is less greedy with their bank charges and move my growing business account to them. Thanks for my money.
Company: First National Bank
Country: South Africa
City: Cape Town