BSP Bank Annual Declared profits are stolen monies from customers.
by PATRICK SELENG
BSP Bank steals about K17 million each month. That's like K200 million in a year.
Every month K10 is deducted from a cheque account, that's K10 million if 1 million cheque account holders bank at BSP. (Take note when opening new accounts, BSP creates a cheques account because account maintenance fee is K10 compared to a savings account which attracts K3 deduction)
Then Every month you check your balance at an ATM, K3 is deducted, so easy K3million stolen from a million users checking their balances in their accounts.
And if you printed mini statement at an ATM, K4.20 is deducted, so easy K4million stolen if 1million users printed mini statements.
You total all these monthly deductions by BSP and it's K17million per month and an easy K200 million in a year stolen from you PNGian BSP die-hard customers.
The bad side of "user pay" policy. They are stealing because there is no regulatory body that can determine whether these fees are justified or not?
BSP Bank steals about K17 million each month. That's like K200 million in a year.
Every month K10 is deducted from a cheque account, that's K10 million if 1 million cheque account holders bank at BSP. (Take note when opening new accounts, BSP creates a cheques account because account maintenance fee is K10 compared to a savings account which attracts K3 deduction)
Then Every month you check your balance at an ATM, K3 is deducted, so easy K3million stolen from a million users checking their balances in their accounts.
And if you printed mini statement at an ATM, K4.20 is deducted, so easy K4million stolen if 1million users printed mini statements.
You total all these monthly deductions by BSP and it's K17million per month and an easy K200 million in a year stolen from you PNGian BSP die-hard customers.
The bad side of "user pay" policy. They are stealing because there is no regulatory body that can determine whether these fees are justified or not?
I would recommend this blog check BSP's page. This was clarified. Apparently the customer who posted this failed to contact this bank to find out more and the rest just assumed this was real.
ReplyDeleteWhat is being shown is the end of month total charges for each type of transaction this customer (who is a business customer) did on the month of Dec 2019.
K0.50toea per balance check. Customer made 6 balance checks at the ATM resulting in a End of Month charge of K3.00. Same as the Mini statement fee.
I know this for a fact.. I've been forced to sell one of my property, blackmailed to make 3 months advance in loan repayments and bsp continued to charge interests for the 3 months.. Am insisting bsp repay my money.. It's still pending..
ReplyDeleteI know this for a fact.. I've been forced to sell one of my property, blackmailed to make 3 months advance in loan repayments and bsp continued to charge interests for the 3 months.. Am insisting bsp repay my money.. It's still pending..
ReplyDeleteMy eyes are open now its too much
ReplyDeleteSo is it really k4.20 for the mini statement?
ReplyDeleteThese is really unfaire.
ReplyDeleteWhat is the regularory governing body doing like the Bank of Papua New Guinea?
ReplyDeleteThe Marape government needs to look into this very serious issue as it is really ripping of its citizens.
This cant be real and ongoing. Fed up already.
High bank rates, high tax, high cost of goods and services, my goodness, where is PNG heading and how do we take back PNG ?
Wagani Observer
Can BSP come out ,explain and clear the air of those fees?
ReplyDeleteThankyou.