Re: [Skunkworks] Best Internet Banking Service in Kenya
Not much difference here. 800 * 12 = 9600 Michael Bullut <main@kipsang.com> wrote: An annual charge of K.Sh. 10,000/= is ludicrous for such a service! (I can get Faiba for that price.) At CFC, you're only charged K.Sh. 800/= a month & that's inclusive of all transactions. On 23 May 2013 11:00, Kennedy Kairu Kariuki <kkairu@gmail.com> wrote:
@dennis, hahahaha
On Thu, May 23, 2013 at 10:57 AM, Dennis Kioko <dmbuvi@gmail.com> wrote:
Last I checked with Equity, I think they were charging KSh. 10,000 annually for Internet banking.
I didn't ask if it came with a PC and Internet connection for that price.
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Checked out a pal's KCB last night and its quite an improvement from 3yrs back. Now, on the two req's below... any info?
1. Bulk Payment option i.e. one amount distributed to several beneficiaries 2. Electronic Cheque Payments (I'm not sure what this is exactly) - Apparently BBK/Citi have this option which does not cost as much as an EFT/RTGS
So far NIC is only one with no. 1 On Thu, May 23, 2013 at 3:24 PM, Arthur Buliva <arthurbuliva@hotmail.com>wrote:
Not much difference here. 800 * 12 = 9600
Michael Bullut <main@kipsang.com> wrote:
An annual charge of K.Sh. 10,000/= is ludicrous for such a service! (I can get Faiba for that price.) At CFC, you're only charged K.Sh. 800/= a month & that's inclusive of all transactions.
On 23 May 2013 11:00, Kennedy Kairu Kariuki <kkairu@gmail.com> wrote:
@dennis, hahahaha
On Thu, May 23, 2013 at 10:57 AM, Dennis Kioko <dmbuvi@gmail.com> wrote:
Last I checked with Equity, I think they were charging KSh. 10,000 annually for Internet banking.
I didn't ask if it came with a PC and Internet connection for that price.
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-- OO www.omingoobiko.com
@george - the 750/- per month is account maintenance fee, whether you have internet banking or not! Other banks charge for Internet banking separately on top of your monthly account maintenance and even some charge per transaction ./Ok3ch On Thu, May 23, 2013 at 3:46 PM, Omingo Obiko <edobie@gmail.com> wrote:
Checked out a pal's KCB last night and its quite an improvement from 3yrs back. Now, on the two req's below... any info?
1. Bulk Payment option i.e. one amount distributed to several beneficiaries 2. Electronic Cheque Payments (I'm not sure what this is exactly) - Apparently BBK/Citi have this option which does not cost as much as an EFT/RTGS
So far NIC is only one with no. 1
On Thu, May 23, 2013 at 3:24 PM, Arthur Buliva <arthurbuliva@hotmail.com>wrote:
Not much difference here. 800 * 12 = 9600
Michael Bullut <main@kipsang.com> wrote:
An annual charge of K.Sh. 10,000/= is ludicrous for such a service! (I can get Faiba for that price.) At CFC, you're only charged K.Sh. 800/= a month & that's inclusive of all transactions.
On 23 May 2013 11:00, Kennedy Kairu Kariuki <kkairu@gmail.com> wrote:
@dennis, hahahaha
On Thu, May 23, 2013 at 10:57 AM, Dennis Kioko <dmbuvi@gmail.com> wrote:
Last I checked with Equity, I think they were charging KSh. 10,000 annually for Internet banking.
I didn't ask if it came with a PC and Internet connection for that price.
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-- OO
www.omingoobiko.com
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The 800 for NIC is also a/c maintenance fee, though they do charge 500 to transfer outward unless its a standing order which is covered by the 800. On May 23, 2013 3:54 PM, "Okechukwu" <okechukwu@gmail.com> wrote:
@george - the 750/- per month is account maintenance fee, whether you have internet banking or not! Other banks charge for Internet banking separately on top of your monthly account maintenance and even some charge per transaction
./Ok3ch
On Thu, May 23, 2013 at 3:46 PM, Omingo Obiko <edobie@gmail.com> wrote:
Checked out a pal's KCB last night and its quite an improvement from 3yrs back. Now, on the two req's below... any info?
1. Bulk Payment option i.e. one amount distributed to several beneficiaries 2. Electronic Cheque Payments (I'm not sure what this is exactly) - Apparently BBK/Citi have this option which does not cost as much as an EFT/RTGS
So far NIC is only one with no. 1
On Thu, May 23, 2013 at 3:24 PM, Arthur Buliva <arthurbuliva@hotmail.com>wrote:
Not much difference here. 800 * 12 = 9600
Michael Bullut <main@kipsang.com> wrote:
An annual charge of K.Sh. 10,000/= is ludicrous for such a service! (I can get Faiba for that price.) At CFC, you're only charged K.Sh. 800/= a month & that's inclusive of all transactions.
On 23 May 2013 11:00, Kennedy Kairu Kariuki <kkairu@gmail.com> wrote:
@dennis, hahahaha
On Thu, May 23, 2013 at 10:57 AM, Dennis Kioko <dmbuvi@gmail.com>wrote:
Last I checked with Equity, I think they were charging KSh. 10,000 annually for Internet banking.
I didn't ask if it came with a PC and Internet connection for that price.
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Skunkworks Rules http://my.co.ke/phpbb/viewtopic.php?f=24&t=94 ------------ Other services @ http://my.co.ke
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-- OO
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Coop bank @100 bob per month with lots of free services. unfortunately the damn beast is always on and off! On Thu, May 23, 2013 at 5:39 PM, george < theonlydamnedavailablename@gmail.com> wrote:
The 800 for NIC is also a/c maintenance fee, though they do charge 500 to transfer outward unless its a standing order which is covered by the 800. On May 23, 2013 3:54 PM, "Okechukwu" <okechukwu@gmail.com> wrote:
@george - the 750/- per month is account maintenance fee, whether you have internet banking or not! Other banks charge for Internet banking separately on top of your monthly account maintenance and even some charge per transaction
./Ok3ch
On Thu, May 23, 2013 at 3:46 PM, Omingo Obiko <edobie@gmail.com> wrote:
Checked out a pal's KCB last night and its quite an improvement from 3yrs back. Now, on the two req's below... any info?
1. Bulk Payment option i.e. one amount distributed to several beneficiaries 2. Electronic Cheque Payments (I'm not sure what this is exactly) - Apparently BBK/Citi have this option which does not cost as much as an EFT/RTGS
So far NIC is only one with no. 1
On Thu, May 23, 2013 at 3:24 PM, Arthur Buliva <arthurbuliva@hotmail.com
wrote:
Not much difference here. 800 * 12 = 9600
Michael Bullut <main@kipsang.com> wrote:
An annual charge of K.Sh. 10,000/= is ludicrous for such a service! (I can get Faiba for that price.) At CFC, you're only charged K.Sh. 800/= a month & that's inclusive of all transactions.
On 23 May 2013 11:00, Kennedy Kairu Kariuki <kkairu@gmail.com> wrote:
@dennis, hahahaha
On Thu, May 23, 2013 at 10:57 AM, Dennis Kioko <dmbuvi@gmail.com>wrote:
Last I checked with Equity, I think they were charging KSh. 10,000 annually for Internet banking.
I didn't ask if it came with a PC and Internet connection for that price.
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-- OO
www.omingoobiko.com
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Makes you wonder why banks can't come up with simple straight forward cost structures, Aren't branches more expensive than Internet banking.
@Dennis, internet banking might be cheaper, but look at the risk factor. To over-simplify; the maximum that can be stolen from a branch by a walk in thug is the basically all they have at hand. However, the maximum that can be stolen from a web based branch is..., I think you get the idea :-) On Fri, May 24, 2013 at 10:11 AM, Dennis Kioko <dmbuvi@gmail.com> wrote:
Makes you wonder why banks can't come up with simple straight forward cost structures, Aren't branches more expensive than Internet banking.
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-- Regards, Peter Karunyu -------------------
There are solutions that can stop funds being stolen online, or detect the same - the only issue is that banks approach Internet security from a physical perspective. Analytics should detect suspicious activity, if deployed well - the human factor still remains the weakest link as people can simply come up with a reason to turn it off, or to game it.
Even with those solutions, their stash is still getting stolen, even in the first world, as recently as this month, as reported here<http://www.reuters.com/article/2013/05/09/net-us-usa-crime-cybercrime-idUSBRE9480PZ20130509> . In the link above, USD$40 million was stolen across 24 countries in 10 hours. I would posture a theory that this is incredibly difficult to achieve in the absence of a web presence. My point is that, an online presence exposes a bank to a exponentially large risk factor, compared to a physical presence. On Fri, May 24, 2013 at 12:14 PM, Dennis Kioko <dmbuvi@gmail.com> wrote:
There are solutions that can stop funds being stolen online, or detect the same - the only issue is that banks approach Internet security from a physical perspective. Analytics should detect suspicious activity, if deployed well - the human factor still remains the weakest link as people can simply come up with a reason to turn it off, or to game it. _______________________________________________ skunkworks mailing list skunkworks@lists.my.co.ke ------------ List info, subscribe/unsubscribe http://lists.my.co.ke/cgi-bin/mailman/listinfo/skunkworks ------------
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-- Regards, Peter Karunyu -------------------
participants (7)
-
Arthur Buliva -
daniel gitau -
Dennis Kioko -
george -
Okechukwu -
Omingo Obiko -
Peter Karunyu