If you don't bank with them and cash a cheque on someone who has an account there the fee is beyond ridiculous.

all fees at RBC are exorbitant. A visit to the ATM is 2.50 where it is about one dollar elsewhere.

I think they even charge for letters to verify the pensioners to the treasury.

And many employees are extremely rude.

those who bank with RBC must do so under duress or necessity.

Yeah and Commonwealth offers competitive loans. Maybe they should examine the competition.

you sound like a jack ass

I guess we know by whom your bread is buttered.

He sounds spot on! Getting rid of the numbers scourge would see an immediate up-turn in our economy and outside perception of The Bahamas. Our Government is either short-sighted or greedy, probably both as they refuse to deal with these racketeers.

This is utter and complete nonsense based on wholly fake news and unsupported by any facts or economic theory. The commercial banks pay less than 1% interest on deposits and in fact Royal Bank is charging customers to deposit their money which is a negative interest rate. The same banks charge 12% on average for lending money, an incredible interest rate margin of 11%. These banks have over $7 billion of deposits from which to lend. Therefore, these banks are lending other peoples money (depositors) at an 11% interest margin and they cannot earn the required rate of return or compete with persons , who if they are lending would have to do so from their own equity. Beyond silly stuff and utter fake news. That's our problem, instead of you guys picking up an econ book you just trying to sound intelligent saying stupid stuff which is very dangerous.

It is a vicious cycle ........ they lend and people default ....... they cannot sell the defaulted portfolios ....... they cannot find incentives to get the defaulters to pay ..... they put up the loan criteria ........ no one can qualify for loans ........ RBC hikes fees ............ smh

But the foreign banks never lose, they always win ......... or pull out of communities.

why are we forced to pay a service fee to deposit funds into a bank, mean while the bank uses those funds to for loans while paying little interest. I find it very unsettling having to pay to deposit my money, pay to with draw it, pay for a printed statement if I need one, pay for using the ATM its a no win situation for the consumers. Something must be done to mitigate all of the additional fees being levied against consumers.

the consumers have no champion, the central bank does not care.

your choice is:do you pay 50 per month for unlimited transactions or you pay 10 per month and get nickel and dimed. all depends on the activity on your account.

some online transactions come at no extra cost, so you should take advantage of those, also use your debit card to make purchases and avoid the ATM fees.

the lowest fees are at fidelity bank.

Our Central Bank governor (John Rolle) and his predecessor (Wendy Craigg) should both be hog-tied and subjected to a royal public whipping in Rawson Square!

you sound like a bigger jack ass

I guess you are among the very few who know that both John Rolle and Wendy Craigg are **not** at all averse to the numbers' bosses receiving a banking license.

Y'all know that mobile banking is the most unsecure form of banking that there is -- right? A professional hacker with the right equipment, within range of your phone, can clean your account out in minutes. The "right equipment" can fit into a small backpack, computer bag or shopping bag. Or it can be a laptop computer at a coffee shop.

use your old laptop, behind your own modem at home, and keep antivirus uptodate.

otoh, you can log on to your account and monitor all activity several times a day.

the bank will have to honour losses due to hackers getting into their system.