Amidst all the ease and effectiveness of online banking in Nigeria, it is possible for one to ignore the excess charges that we are subjected to on a daily basis. One of such charges is the cost of printing a bank statement. I recently went to the bank to print a one year statement of an account I run. I typically do not go to the bank for such request as I like most others print statements online. Since I do not have online access for this account I had to go to the bank myself. On getting there, I was told to write an official letter requesting for the statements. I was also told that it will cost me N250 a page!! Yes N250 per page to get my statement printed. So, depending on the volume of transactions in my account I could end up coughing up as much as N12,500 for just 50 pages.
I wonder if this is just peculiar to Oceanic Bank (or Ecobank as they are now called) or if its an industry wide transaction cost. Whatever the case I consider this a rip off on customers. Just how much does it cost a bank to print a single page? Someone said its just a way to encourage paperless banking. But even at that N250 is just too expensive. For now though, I can only complain and just hope that the pages do not exceed one.
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Logically, it should be peculiar to shady banks, who don't want you to know that they are stealing from your bank account.
This is not even stealing. They just tell you the cost outrightly
I really don't see it as a rip-off. Considering, every other thing being okay, you are entitled to a periodic(monthly or quarterly, in respect to your account type) statement of account.
How much does it cost them to print a page anyway??