Wa Traffic [嘩紅綠燈]

Wednesday, November 23, 2005

Banking is not for the poor

What is the message you receive from this notice?

To me, it means: the rich get richer; the poor get poorer!
For an above average person, keeping an account above RM5000 is not a problem. So not only he/she does not need to pay for the monthly service fee of RM5, he could also enjoy some interest from any balance above RM5000.

For those in the lower income bracket, it is burden to keep at least RM5000 in a current account. Usually they will top up the fund whenever issuing checks. So this is the people who need to pay the RM60 service fee per year, on top of losing all the interest for whatever amount below RM5000.

The effect of the capital market is getting worse now here. Life is getting tougher, you better do something!

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