I was chatting with a friend of mine last night who was relating a phone call he had received from his bank who were encouraging him to “move forward” to their prestige banking account and all that comes with it for just R199 per month…55 “free” transactions, help with forex, 12 free cheques (does any one still use these?) blah, blah, blah,etc, etc, etc… What amazes me is how easily people buy the...

10 months ago I finally changed my bank account…after almost 19 years at Standard Bank, I finally had enough of their fees and their complete lack of interest in me as a client and I moved to Nedbank – for no other reason than that they offered a very attractive fee structure. For far too long I had been a “prestige” client of Std Bank – which I finally worked out, meant that I had the “privilege”...

After having been a client of Std Bank for 19 years I finally had enough of the ridiculous bank fees that I was paying (R185 flat fee) and moved to Nedbank (R65 for the same thing and an annual saving of R1440!). The process was a lot easier than I had anticipated and is something that I should have done years ago. I did quite a bit of shopping around and apart from Capitec Bank, Nedbank was the cheapest option that I could find. They offer...