THIEVING BANKS of SOUTH AFRICA

I hate banks in South Africa.

They advertise widely on the gogglebox that they want to "look" after our money, but the thieving swine just want to steal it.

In the bad old days one opened a saving account and the bank paid an interest to the account for the privilege of borrowing that money from the client who deposited their money in the hopes of earning said interest.

Now these banks take your money "give" you a pitiable interest of 1% (which is taxable) and then still charge you exorbitant fees for you to deposit money, cheques and should you want to withdraw said money you have to pay a withdrawal fee.

Six or seven years ago Pick n Pay came up with a wonderful banking system called go banking where the minimum required balance was R50.00 and the bank charges were minimal.  R3.00 to withdraw money at a Pick n Pay till.  Purchase groceries for R3.00 charge.etc.  Now Pick n Pay has pulled out and handed the go banking system back to the evil Nedbank and Nedbank demands that everyone on the go banking system must have R5000 in their account or pay R16.00 per month maintenance fee.  What a rip off.

Tomorrow I go to Capitec Bank and open an account there.  According to their advertising they are quite reasonable:

http://www.capitecbank.co.za/money-management/online-calculators

Between these banks securitizing loans and stealing "bank charges"  they do not deserve to be in business.  They certainly do not do anything for their clients.

I was going to get a Virgin card but then discovered that Virgin had got into bed with ABSA who are the biggest thieves of the lot.

My names for these thieves are:

SB - Stupid Bastards
NB - Nasty Bastards
FNB - Flipping (or any other F word you can think of) Nasty Bastards
ABSA - Absolutely Bloody stupid Assholes.
CAPITEC - Confused and Protected Idiotic Twits Eventually Collapse

I hold a bank account only because my insurance company insists on doing debit orders. I just make sure that there is enough money in the account to cover the debit orders at month end.  When the SARS (South African Revenue Services) look at my bank account they will  find very little there to interest them.

AND to add insult to injury I never go into a bank,  I hate them.  I seldom go near a bank.  I DEAL IN CASH!!!!!!!.