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.