Charles O'Flaherty, Sliema
Excessive bank charges
It is no wonder that local banks make such embarrassingly large profits at the expense of their clients. It is very ironic that interest paid by the local banks on deposits is low, or non-existent, whereas when it comes to credit transfers, the charges are excessive.
It is very unfair that withdrawals from one's own account are considered a 'service' and therefore subject to a hefty charge, only for this transaction to be subject to another charge by the receiving bank. Talk of adding insult to injury!
The government or financial authorities should look into this matter of exorbitant bank charges.
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W. Wildermann
Dec 13th 2009, 23:14
Sorry to bud in c camilleri but my friend Laura and also me, we are talking about the BOV my friend. what other bank in Malta charges high rates for just cashing a check as an example. Anymore wise ideas charles is it camilleri.
c. camilleri
Dec 13th 2009, 17:27
@Laura "tight fisted Maltese" Pls may I remind you that only the Bov is Maltese owned. All other banks are foreign owned.
Hans en Laura
Dec 13th 2009, 14:09
Yes quite right Charles, we used to bank here in Malta but now all monies are transfered back home, the Maltese charge some ridiculous prices, they are definitly cutting their own throats as people like myself and plenty of others so i hear are getting wiser to their nasty game and stop banking in Malta, even interest on savings they are still backwards in this respect, so mch so that i withdrew all my account and transfered back to the Netherlands for a much better rate then the tight fisted Maltese. sorry thats the way the cookie crumbles.