I just tried to do an inter-bank transfer via RTGS, from my CABS online banking.
Luckily, I always read the print, because they’re not charging $11.00 for one transfer.
That’s right. Eleven united states dollars. In Zimbabwe.
To put this in perspective, on the 24th of May it cost me $5.00.
On the 27th of June, it had gone up to $6.
A workmate was charged the same six dollars on Tuesday, the 2nd of July.
Today, Friday the 5th July 2013, an RTGS transfer out of CABS Online is costing a grand total of eleven dollars.
That’s a lot. Although, apparently Standard Chartered are charging $15.
I don’t understand the price increases, and there are no bank charges on their website, so have forwarded this to CABS for clarification.
I hope they respond.