Bank charges and all that

I like to use internet banking to transfer funds between different bank accounts - in different banks too.

I recently was disappointed to discover that certain local banks have introduced quite a hefty charge for transfers to other local banks. What a whole load of baloney! This will of course reduce the use of internet banking in favour of cheques - thereby increase use of ATM's, lengthen queues, etc.

Moreover it is unfair on the consumer. A person receiving salaries by direct credit has to open a bank account in the same bank as the payor - i.e. his employer - or pay the banking charges himself / herself! People transferring money on a personal basis will also have to follow this procedure. What a way to stifle innovation in Malta !

Comments

Post a Comment

Popular posts from this blog

Bouncing Back ....

Image
I focus on a positive outlook. That is the nature of human resilience. A few months back, I wrote about having to move work, because of a number issues.  Of course, things always happen for a reason - we repeat this cliche over and over, when we are on the other side of the fence. Yet, only weeks later, I got a proposal for a very large project - to take over a business all of my own.  This would not have been the first time I branched out on my own but it wasn't going to be easy. "Challenging" is one way of wording it, I suppose, and the journey hasn't been some lazy river ride. Taking on the responsibility of two employees, one of whom has a child, is no mean feat. Neither is taking on a portfolio of new clients something to be overlooked. Summer flew by, and I must admit that the pressures haven't been easy to manage, least of all internal ones.  There comes a time when one has to take the bull by the horns, however, and to deal with such issues in the
Read more

Rainy Melancholy

October has set in well, and with it come the clouds and rain. As I look out of the window, the sky is not very dark but the pane is wet - it has started to rain. It rained very hard this morning, and the clouds have been looming all day. With winter come lovely thoughts of Christmas, or cuddling up befoer the TV... for those fortunate of course to have loved ones with whom to share this warmth. Others less fortunate may be lonely, even if well provided for, and may sorely resent this sudden greyness. I think that while fortunate, I also suffer from winter blues. I tend to hit a low when the sun goes away, and although I love the cuddly sensations, I strongly resent the early sunset, the late sunrise (even if I never watch it) and the grey skies. Of course, I do love the DVD nights, or reading under my quilt, but boy, is it winter yet?
Read more

Watch: Malta, stuck in a jam

Watch: Malta, stuck in a jam : Traffic misery continued for thousands of motorists across the island yesterday as massive tailbacks were reported around Malta. Police and wardens were out in force but motorists said their presence did little to mitigate the problem. Numerous readers told this paper that they would be waved...
Read more