n Personal Finance Newsletter - Investec's bank charge shocker : banking

Volume 2006, Issue 310
  • ISSN :



Extracted from text ... October 2006 11 BANKING Investec's bank charge shocker Investec Private Bank has quietly reshuffled its fees, leaving some angry well-heeled customers paying much, much more. By JACKIE CAMERON AS a Competition Commission inquiry into banking charges looms, and at a time when the big four banks have been aggressively competing on price, Investec is taking the unusual step of effectively hiking fees for many customers. One disgruntled client, a senior player in the financial services sector, illustrated how his basic bank charges would increase by a staggering 57%. Another Gautengbased client said his would be "at least doubling". Investec Private ..

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