Bank Charges
A 2008 Finweek Bank Charges Report has found ABSA Bank to be the most expensive bank in South Africa. A year later, the 2009 Finweek Bank Charges report again not only found ABSA to charge the most for its services, but that ABSA topped the list for a second consecutive time for the biggest increase in bank charges. In 2010 ABSA was again rated by both Fin24 and Afriforum as having the highest bank charges in the country. Increasing by 82% in pay-as-you-transact (PAYT) fees from 2005 to 2010.
Read more about this topic: Absa Group
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