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Cash finance charges

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Sanele3574
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Cash finance charges

Standard bank what are these cash finance charges on my credit card...they are so high and they were never explained to me...please clarify because I feel this is daylight robbery
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Community Coordinator

Re: Cash finance charges

Hello @Sanele3574

 

There is a chage for every cash transaction on your credit card. You will notice that this charges will depend on your usage of your credit card especially if you are using for withdrawals on any ATM.

Please see attached credit card pricing for 2017: http://www.standardbank.co.za/standimg/South%20Africa/PDF/Pricing/Credit_Card_Pricing.pdf

 

Let me know if this was helpful.

 

Regards,

Boitumelo

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Thulanes
New Contributor

Re: Cash finance charges

Ho,

I have also noticed an item on my credit card statement described as "cash finance charge".

From the solution that has been posted this was ascribed to cash withdrawals. However I have not made any cash withdrawals in the past two to three months but still have relatively huge amounts on this item, more than the interest charge.

I must say not only is this disappointing but disingenuous and just plain criminal for a bank to be making such deductions for quick buck, I am incensed.
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Thulanes
New Contributor

Re: Cash finance charges

Hi,

I have also noticed an item on my credit card statement described as "cash finance charge".

From the solution that has been posted this was ascribed to cash withdrawals. However I have not made any cash withdrawals in the past two to three months but still have relatively huge amounts on this item, more than the interest charge.

I must say not only is this disappointing but disingenuous and just plain criminal for a bank to be making such deductions for quick buck, I am incensed.
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Community Coordinator

Re: Cash finance charges

Hello @Thulanes,

 

The best way to resolve this one for you is to have your full account details with your full query to be be emailed to us. Note, we will look into your query by further investigation on your account and provide feedback.

 

Kindly mail us here with your full query and account details: ask.SBSA@standardbank.co.za for further assistance.

 

Regards,

Boitumelo

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