'Standard fees' in Standard Chartered!
Shahed Jamil, General manager, Mashreq Bank, Rep office, Sena Kalyan Bhaban, Dhaka
I had a very interesting experience with Standard Chartered Bank, where I had gone to deposit examination fees of my daughter who is going to appear in her A level examination conducted by the British Council. As British Council is maintaining its account with this bank, I did not have any other choice. I decided to deposit the amount in cash, and, to my utter surprise, I was charged an extra amount as service charge. Although the service charges levied is insignificant, the entire idea of being charged for depositing cash has puzzled me. I am also a banker and in 22 years of my banking career, I have never come across a situation where one is imposed with charges while depositing cash in clients' account. No wonder Standard Chartered Bank is showing such huge profits. I would not be surprised if in future they start charging their customers for talking to their officials. Through this letter I would like to draw the attention of the authority of Bangladesh Bank and would request them to look into the affairs of foreign banks operating in Bangladesh, particularly the reason of their high profitability, which is eventually pumped out of our country.
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