Is scb trying to quit retail banking? Or are they hard up for money?

[19degC]

who are we to make assessments? we are not the ceo or board of directors.

we react based on our rational judgements. dont let your small head and emotions cloud your judgements. if it is cost effective to maintain then you proceed. if not, close them.

I think what is say is true, which all knows. Whats yr pt?

 

[lzydata]

LOL.

OCBC Easi-save $2 a month and $10 per chequebook: https://www.ocbc.com/personal-banking/Accounts/easisave-current-account.html

uob i-Account $2 month, $10 per chequebook: http://www.uob.com.sg/personal/deposits/chequeing/i_account.html


Maybank PremierOne $2 month, $10 per chequebook: http://info.maybank2u.com.sg/personal/deposits-banking/current/premierone-account.aspx

POSB eCurrent account $2 month $10 per chequebook: https://www.posb.com.sg/personal/deposits/savings-accounts/posb-ecurrent-account

Yes my impression is that current accounts usually do have such fees and if it is still not obvious to accountholders in an era of low interest rates it really should be. But SC's SuperSalary account seems to be spared for now.

 

[zeroX26]

not pampered just too competitive with 3 local banks and so many QFBs

so my question is whether scb is quitting the competition as they are the first to implement fixed fee on a normal personal current account

& what makes you think the banking scene is not competitive in Cape Town Already along the 1km stretch where I lived there's 5-6 different banks fighting for business and none offers free banking services. The point is paying for banking services (having an account, drawing from ATM, depositing money etc) is a norm rather than an exception although here in SG, its a blessing that its the other way around.

 

[Garlic & Butter]

so whats an alternative? Close eSaver and open/ use dash?

 

[Perisher]

'Ahem' obviously think that just being the first bank to charge certain thing is wrong and means they don't want businesses.
The first bank to charge fall below fee should be hang in 'ahem's' mind then.

Anyway, one can complaint all one wants to but banks as a business are all about profits, has been that way and will be that way.

When SCB introduces no minimum comm for online trading, you won't see 'ahem' come in and praise SCB specifically to the sky not to mention starting a thread about it but once they do something he don't like, wow, a thread.

 

[19degC]

Yes my impression is that current accounts usually do have such fees and if it is still not obvious to accountholders in an era of low interest rates it really should be. But SC's SuperSalary account seems to be spared for now.

Wont be surprised if scb makes a mistake for "supersave" may mean "supersalary" as the former is non existent in sg

 

[19degC]

'Ahem' obviously think that just being the first bank to charge certain thing is wrong and means they don't want businesses.
The first bank to charge fall below fee should be hang in 'ahem's' mind then.

Anyway, one can complaint all one wants to but banks as a business are all about profits, has been that way and will be that way.

When SCB introduces no minimum comm for online trading, you won't see 'ahem' come in and praise SCB specifically to the sky not to mention starting a thread about it but once they do something he don't like, wow, a thread.

Yes i am unhappy with scb. So whats yr ahem problem about?

 

[Perisher]

Yes i am unhappy with scb. So whats yr ahem problem about?

Ahem, cough.
Btw, Dash account just give away another $10. And have been giving away $$ for the past year, perhaps you should open Dash instead.

Don't think there is another account that has been giving $$ away as much as Dash just by topping up or other easy ways. I have at least $50 so far.

 

[Perisher]

Wont be surprised if scb makes a mistake for "supersave" may mean "supersalary" as the former is non existent in sg

All banks makes mistakes. OCBC, DBS, SCB, Citibank all got tons. Just look inside the CC sub-forum. The amount of mistakes is long.
Won't be surprised if any company makes mistakes, really.

Even our gov made honest mistakes...

 

[anfielder]

Yes my impression is that current accounts usually do have such fees and if it is still not obvious to accountholders in an era of low interest rates it really should be. But SC's SuperSalary account seems to be spared for now.

Yup, this kind of fees has been charged for at least the last 10 years. It's really common.

Just need to make an effort to avoid those that charge.

 

[Perisher]

Yes i am unhappy with scb. So whats yr ahem problem about?

Let's see.

Previous payments include:
$10 (for Dash Account Opening; now revised to $5) x 1
$50 (for $8k top up) x 1
$10 (for $100 top up) x 2 or 3
$10 (for upcoming $100 top up)
Total: $90 or $100.

It is really finger lickin' good for doing almost nothing.

Here you go...
Guess I underestimate, Have received nearly $100 since last year from Dash account for doing almost nothing. Their top up requirement usually only last at most a month.

 

[limster]

Yup, this kind of fees has been charged for at least the last 10 years. It's really common.

Yes I agree, really common. The question is not "wah $2 soo expensive!" but whether the account is useful.

Looking at price alone and not value is a sure-fail when it comes to investing.

Of course I 100% understand that if you don't have much money, say less than $1000, then bank services don't provide much "value" to you.

 

[19degC]

Here you go...
Guess I underestimate, Have received nearly $100 since last year from Dash account for doing almost nothing. Their top up requirement usually only last at most a month.

No doubt i have a love-hate r/s with scb but i have many giros in one account and now its troublesome to change them to avoid that small irritating fee

 

[chuanz]

No doubt i have a love-hate r/s with scb but i have many giros in one account and now its troublesome to change them to avoid that small irritating fee

Well, even if money drop from the sky, you need to make an effort to pick it up...

 

[Perisher]

No doubt i have a love-hate r/s with scb but i have many giros in one account and now its troublesome to change them to avoid that small irritating fee

That sounds more like it. Every bank has this love/hate thing going on and I understand your pain regarding the giro stuff but I can tell you the next bank you transfer to may/may not do the same thing in time to come.

Last time I also tie in my insurance giro with OCBC, but after they start charging annual fees, I have to go through the trouble to change to another account and I'm still too lazy to do it... But renewal is coming so I will.

 

[power789]

i agree with fall below fees, 1k or 3k.

but to force a fee despite however amt may meant that they will be losing lots of customers

but it seems like bonus saver account is not affected,so just stick to bonus saver loh. I dont see any fees being forced on this acc.

 

[Mecisteus]

No doubt i have a love-hate r/s with scb but i have many giros in one account and now its troublesome to change them to avoid that small irritating fee

you really sound like a loser and you wont give up. didnt you realise that its like you against the rest in this thread?

now i understand your hatred. its all stem from your multiple giro arrangements.

 

[Perisher]

you really sound like a loser and you wont give up. didnt you realise that its like you against the rest in this thread?

now i understand your hatred. its all stem from your multiple giro arrangements.

Chill. At least he is no longer pure hate.

I would dislike the account too if I have to do mutiple giro changes.

 

[limster]

you really sound like a loser and you wont give up. didnt you realise that its like you against the rest in this thread?

now i understand your hatred. its all stem from your multiple giro arrangements.

They should follow Wahkao3 as their role model. Content questionable, but always polite.

 

[Asphodeli]

Eh I also have < $1k across all my bank accounts, but most of my digits are in the stock market.

I only closed my eSaver and retain my Dash account to "protest" against this silly policy. OK what, what's the big deal? There are always ways to get free services from banks, hehe