Wanker Bankers…

This was a term given by an old school friend of mine whom I recently met at a wedding.

 Today, I have no option but to use this term, however, I hold my highest respects for others in the banking community.

 I decided to open my bank account today, since the month is drawing to an end, the company will need a means to deposit my salary.

 It turns out that I am dealing with MCB Bank, and after filling out the requisite paperwork and doing a million and 25 signatures at obscure places, I was informed that my account will be opened tomorrow…i.e. the next working day.

 Why I asked, and I was informed that my NIC will be required to be verified from NADRA (the issuing authority here). Seems logical, only it has already been verified a gazillion times.

Plus, I need to pay 10,500 as a minimum deposit amount and when I told them I already had a relationship with their branch in clifton, they tell me they don\’t really care and that all info will have to be re-verified and I will still need 10,500 minimum.

Why on earth? Would the person who makes these banking policies please atleast keep consumer convenience in view?

Oh did I mention? I need to pay 250 to close the account too if I wish to. (which might be needed because I dont\’t see the point in keeping floating balances to the tune of 10,000 in each account just to meet their conditions).

 MCBC bank indeed!






One response to “Wanker Bankers…”

  1. mutarjam Avatar

    So that there’s perspective, things aren’t rosy in other parts of the world either 🙂 Here’s the bank deal in Canada: I give them my money, they use it to make more money for the bank, but if I need to do anything with my money (withdraw, xfer), they charge me for it! I’m pretty sure the “service charges” are more than compensated for by interest they charge and earn by loaning out the money in multiplicate (if the bank has a $100, they actually loan out much more, as I’m sure you know)! And the inter-branch issues etc. are universal too. So, MCB is meeting the international benchmark for service 😀