[LINK] Banks charging for internet banking
jwhit at melbpc.org.au
Tue Apr 27 10:34:15 EST 2004
At 05:56 PM 26/04/04 +1000, Chirgwin, Richard wrote:
>The rationale then was that "transactions on the Internet only
>cost a couple of cents per", which was deliberately misleading.
oh, I don't know. They didn't say the 'costs' were their own costs. What
they also didn't point out was that they would be slugging the customer 10
to 20 times that amount to cover the fees lost when people stopped going to
the tellers, the money they lost in bad investments and in-house fraud, and
the huge salary increases and severance deals for their executives.
Melbourne, Victoria, Australia
jwhit at melbpc.org.au -- http://member.melbpc.org.au/~jwhit/whitentr.htm
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