$5 fee for a cent debt

EDITOR, The Tribune.

Kindly allow me a little space in your valuable newspaper to inquire if the one cent $0.01 drop or added to your bill has been changed or dropped. I paid a BTC Bill during the month of October 2023 with a balance of $00.56 cent and a payment of $00.55 cents was made and change was given back.

The November billing had a $5.00 late fee charged to it. I inquired at the company the reason for the $5.00 late fee charged to it.

One of BTC’s CSR’s informed me that there was an outstanding balance of $0.01 cent due and owing therefore the $5.00 represented the late fee charged. This she stated is the company’s policy and she could not do anything about it.

Was there a change of policy regarding dropping of the one and two cents? What would happen if all businesses in The Bahamas would adopt this policy and start charging the Public a late fee of $5.00 because they are one cent short? Should my $5.00 not be refunded?

Being a senior citizen, my telephone is very important for me, it is a necessity not a luxury and VAT should not be added?

It requires clarification and my $5.00 should be refunded.

A DISSATISFIED

SENIOR CITIZEN

CUSTOMER

Nassau,

November 10, 2023.

Comments

ohdrap4 says...

The law says it is supposed to round off.
Take a day off and ask to speak
to a manager.
I did that. I just would not leave. After they reversed I canceled my landline and got an aluv phone.

Posted 21 November 2023, 8:43 p.m. Suggest removal

moncurcool says...

The dropping of the 1 cent was the worst thing the central bak could have done. Companies are using this as a vehicle to rob the consumer.

Posted 21 November 2023, 10:30 p.m. Suggest removal

FreeportFreddy says...

Actually, the 'rounding' only applies to cash transactions and therefore the company was correct in their actions. It is pretty unfortunate but they are correct.

Posted 22 November 2023, 5:56 a.m. Suggest removal

Dawes says...

yes it only applies to cash transactions, but as the letter writer says they received change back, the company was wrong and the balance should be $0

Posted 22 November 2023, 8:49 a.m. Suggest removal

moncurcool says...

It was a cash transaction. The company is at fault.

But that is what many Companies are doing. They are not following the law in rounding.

Posted 22 November 2023, 10:36 a.m. Suggest removal

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