Sleight of hand?
A BELATED COMMENT on the bank charges debate. I’ve been surprised at the absence of any mention – or perhaps I missed it? – of FNB’s “Fee Saver” option. By keeping your current account balance above R8 000 most transactions (up to a maximum of 35/month) are fee-exempt.
Simplistically put, with current interest rates at roughly 1%/ month, the approximately R80/ month interest I forego is significantly exceeded by the average monthly fee of R150 that I’d have paid this year.
Seems like a no-brainer – unless I’m missing a sleight of hand on FNB’s part somewhere?