Joseph
Just means you are being charged 950/= per month for remaining in an overdraft position. Thats how you ended with 1900 for 2 months. That must have been disclosed somewhere in small text. Hope you dont have a problem with the Kshs 220.
 
Stanchat is still a convinient banker for me. Other banks are worse, just that you never had the opportunity to experience it. Not a stanchat staffer, BTW.

Regards,

Samson Major

--- On Tue, 25/5/10, Okechukwu <okechukwu@gmail.com> wrote:

From: Okechukwu <okechukwu@gmail.com>
Subject: Re: [Skunkworks] Stanchart Hidden charges...has anyone ever experienced this.
To: "Skunkworks Mailing List" <skunkworks@lists.my.co.ke>
Date: Tuesday, 25 May, 2010, 1:50

These charges are not hidden - if you read your contract properly,
they are there in black and white. failing to read them does not make
them hidden.

./Ok3ch

On Tue, May 25, 2010 at 11:16 AM, Josy Ngatia <josyveros@gmail.com> wrote:
> I recently withdrew money from none Stanchart..ATM and since i withdrew all
> i had...i ended up with overdraft of the ATM charge of 250. Am surprised eti
> they charge interest of 950 for overdraft...so an overdraft of 220 had grown
> to 2120. interest of 1900 for just 60 days..... Then i ask why would these
> banks post quartley profit of 2 billion.... These are the hidden charges
> Bank...never says
>
> --
> Thank you
> Joseph
>
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