telephone banking

Guys,

I will mention the main idea of starting this topic before narrating what happened to me.

Main Idea: Dare Not to Open a Account with Standard Chartered Bank of Qatar.

Some 6 months back when the whole world was in financial turmoil, as this situation came to most of expatirates of UAE, I have been shifted from Dubai to Qatar.

My New company has al their transactions with Standard Chartered Bank, hence I was introduced to SCB agent and I opened a current account with them.

No more free atm cards from Qatar's largest private bank!!

Due to an expected increase in difficult conditions after their record earnings in 2008, their first attempt has been at charging a nominal fee of 50 qr for each debit card aka atm card. Basically, if you have a savings account and a current account, u r charged twice till u call back and ask for a refund of the second card..

Future measures may include but not limited to:
1. increase monthly statement charges to 100 qr for each month's statement (current or savings).
2. charges for telephone banking.
3. charges for visiting their branches. first visit may be complimentary for new customers after which they will be charged for each visit.
4. decrease credit card limits.
5. decrease interest rates.