Would you move banks even if it meant paying more?

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xrapidx

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Have this on another forum as well :p

So - I bank with ABSA Private - and I'm sick of them.

My interest rate is prime -1.5% on my access bond (I think its an access bond, its one of those bonds that work like an overdraft, you can take money out as you please).

If I move to another bank I might end up with -1% - which on a loan of -R1,600,000 is quite a bit over the term....

BUT - I'm really sick of ABSA's pathetic services, their bankers are clueless - and their service is non-existent... and I pay over R350/m for the transactional side.... and then 6% f R4,000 per month on my RA with them.

Unfortunately, I don't quite make the cut yet for Investec or RMB Private Banks (anyone know someone who knows someone?  ;D)- so my choices are limited to FNB, Standard and Nedbank.

 
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