Clarien Bank Fee Schedule Effective May 1st
Clarien Bank — which recently rebranded after being known as Capital G bank — has a new fee schedule effective today [May 1].
Some examples of the new fees include: Personal Chequing Monthly Maintenance Fee of $3/month, Cheque Processing fee of $1.50 per cheque, Incoming Payments carry a $7 fee, while the use of non-Clarien Bank ATM carries a $3.50 fee.
The full 5-page Clarien Bank fee schedule is here [PDF].
That didn’t take long.
The fee list now goes to 5 pages!
It appears that Clarien bank’s presence is bringing more bad than good.
So if I send money from my HSBC or BNTB account to Clarien, They will charge $7 for the transaction? I hope not. Do they really want to be a retail bank anymore?
It’s all the PLPs fault that Gibbons went broke .
Let us be clear on one thing: The Gibbons dynasty is far from broke.
These fees are disgusting and clearly aimed at getting out of the public banking business, less expensive just to move your account to another Bank
Agreed. They were useless as Capital G, and are just as defunct as Clarien. I spent 20 minutes in line with my young child, and they were still unable to provide the service I require.
Pathetic.
Dear Bermuda
The strategic investors want to run an investment banking operation and also benefit from the Capital G banking license as you know it is near impossible to get the BMA to approve any more, even though this would stimulate our economy.
The draconian increases in retail banking fees are to migrate the customers with Under $500,000 to BNTB and HSBC, come on they decided, don’t complain just transfer your business elsewhere, its called a Takeover for a reason.