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Thursday, February 5, 2009

First Caribbean charging to deposit?

They have got to be out of their damn minds!

Yea...apparently, they will be charging folks with under $500.00 in their account, $10.00 a month for services. And, folks with under $1000.00 in their checking account, are going to be charged $16.00 a month.

This is not encouraging people to save, this is a cash raising exercise by the FCIB.

CIB/CLICO went under the other day. I though FCIB would have gone first, but by the looks of it, it won't be far after this recent move.

I suspect a severe bank run in the oncoming months and FCIB to go to government's to ask for money to keep them propped up.
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