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January 07, 2009, 02:45:04 PM

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76317 Posts in 4147 Topics by 859 Members Latest Member: - Shante22 Most online today: 38 - most online ever: 66 (June 14, 2007, 11:37:46 AM)

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Author Topic: Banks  (Read 1078 times)
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Freak of Nature
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« on: October 19, 2005, 07:44:17 PM »

Oh boy, where do I start...

A friend set up a direct debit to pay her mortgage. Simple? In spite of giving them full name, account details etc, the Bank of Bermuda managed to debit the account of a relative who happens to have the same surname. When the relative questioned it, they didn't know where the money had gone and suggested she had forgotten spending it.

Butterfield had me go in to fetch chequebooks that I never use but must have and pay for in order to open a current account. They lost them. Three times. Three wasted journeys. Of course it takes an entire lunchbreak to do the simplest task, never mind something as complicated as picking up chequebooks. Changing an address took an entire morning. Cash - not a cheque, cash - I paid in took 15 days to 'clear' one time.

Then there's that thing where Butterfield like to send out everyone's mastercard on the same date. Hey, any card thief could have a field day.

OK, rant over... but it would be good to have the banks modernised a bit. And much as I am all for friendly service, do they really need to discuss Aunty's varicose veins (real example) when there is a line waiting all the way out of the door? (In case you're concerned, Aunty was taking some new medication that made her a new woman - seems she was doing very well).
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« Reply #1 on: October 20, 2005, 10:53:19 AM »

I so could not agree more with you.  Let's not even get started on "payroll mishaps"...if your company does banking/payroll through Butterfield and you have an account with HSBC/Bermuda or vice-versa, you get paid sometimes days later than someone who same-banks.  What in the world is that about?  And this is a first world island with international finance as its core business?  Let's get a real bank.  Never even mind the fees they charge for doing D*CKALL!

The only way to get things done on this island via the banks is to set up standing orders, and watch like mad the first time it happens that everything goes where it should.  The only thing I ever had to go into the bank for was when I came home and needed to buy some Canuck currency....if you went on a Friday or during lunch hour...you'd wait seriously 45 minutes in line.  What the hell kinda crap ass customer service is that?  Are we living in 1959? MOVE YOUR FAT BANKTELLER ASSES. 

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« Reply #2 on: October 20, 2005, 11:30:41 AM »

my wife is told by her company on a friday afternoon that she is approved to go on a business trip that monday.  she is a bit anxious by this because she doesn't have any american money and we are bank of bermuda patrons and for some reason BOB is closed on the weekend (i guess i can't expect them to 'work' too hard).  I was like relax we can take money out of a machine and go to butterfield to exchange it.  Boy was i ever wrong on that one.  She goes in and they straight up tell her they are not doing it because she is not a butterfield banker.  She explained the situation and they didn't want to hear it, she was with the competition and they weren't doing it. I was waiting in the car when this happened(i was in a proper parking space, no double parking here).  When she came out and told me what went down i was pretty upset.  I mean i understand the process of being more compliant to your customers but to be out right punishing people for not being a part of your bank for a simple exchange of money is ridiculous.  so i decided to try and be smart, i went into the bank and claimed to be a tourist on the ship that took out too much money and needed to change it back before the ship departed.  She told me that she couldn't do it unless i provided my itinerary and proof of purchase.  I sat in the line for twenty minutes for her to tell me this, and the bank had more people in it now. I told her that it was on the ship and why would i carry that around.  She said that she wouldn't do it unless i showed it.  so when it was clear that i was getting no where, i decided to just leave(right after calling them the monkey's they were).  and it wasn't like we were trying to change a lot, this was for 500 dollars. 

If the money here isn't worth kindling off the island they should be WAY more accomodating to those that need to change their money to something REAL when they are leaving.

The best the lady could tell my wife was that she should've made prior arrangements to change the money or go to the stores to change it(ya like the stores will give up there american money).  The banks are only open during business hours, so you have to take a lunch off to go there, they take an EXTREMELY long time to do the most simple of tasks, and if the company waits to tell you at the final hour your approved to go somehere your sh1t out of luck.

I'm done now...i'm sure there are worse stories then mine.  I think it's high time something is done about this attrocious situation.

CC
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« Reply #3 on: October 20, 2005, 12:29:28 PM »

My 12 year old has a job packing groceries, so he always has rolls of change to be cashed up, he goes into the BoB all the time to cash it up, most of the time he has no problem, but one day he went in and the cashier asked if he had an account, he does, but he doesn't have the number, normally the cashier will look in the system and confirm this, but this cashier refused to do this, and would not cash up his money.   Huh  So he stands in line for 15 minutes or more for nothing.  We then had to go back with my account information and stand in line again. 
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« Reply #4 on: October 20, 2005, 01:25:59 PM »

Yes, we've had problems too.? My husband was adding me to his account,? the first time we went they said we needed my passport and immigration papers.? Ok, so I didn't have the immigration papers, so we came back, with the immigration papers and passport, and now they tell us we needed I needd a separate reference letter from my bank back home, this despite the fact the my husband had already provided them with the reference letter , when he opened up the account initially.? Too make a long story, even longer,? I didn't bother with the reference letter,? iand I actually didn't need it.? It took 3 visits to the bank, before we got to see someone to add myself on to the account. We left once as it was taking so long, (over 30 minutes) and apparently we were  the next in line!  ? ? And..... when we transferred some money from Canada, it took weeks for them to find it,  they'd find it, and then loose it again, which seems very strange, (maybe they were hoping we would just forget about it) 
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« Reply #5 on: October 20, 2005, 01:32:48 PM »

I just have to add my BOB experience, although not as intense as the other postings, but never the less baffles the imagination.

I had a savings account with BOB when I worked in BDA. I wanted to make my sister benificerary to the account should something happen to me (who wants the BDA gov or BOB to inherit the assets)

My sister lives in the states, they told me she would have to be present in BDA to proccess this request. I told them it was not possible, what are the other options? I don't remember exactly what she said but but it was something outrageous like getting a lawyer to set it up. Sheesh this my money. Why do I have to go to litigation to name my benificiary?  Whats up with that crap?
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« Reply #6 on: October 20, 2005, 01:45:35 PM »

It never used to be this way. When I started working at BNTB in 1983, ID was not even required or asked for. The ordeal we had to go through just to update that. Customers would tell us to call so n so in the whatsis dept..... "they know me". or they would pull out a polaroid of themselves and say "thats me". Now the banks have turned 'Corporate' and while that may be good for the business end, it creates a clinical atmosphere in the retail end.
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« Reply #7 on: October 20, 2005, 02:01:03 PM »

Quote
Now the banks have turned 'Corporate' and while that may be good for the business end, it creates a clinical atmosphere in the retail end.

I don't know - seems that they are stuck between corporate and old-style, and maybe taking the worst of each. I do like to get a chat while my transaction is processed if it is quiet or if it doesn't slow down the long line waiting behind me, but a smile and 'good afternoon' will do just fine when it's busy.
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« Reply #8 on: October 20, 2005, 02:42:28 PM »

RE: Corporate banking...As someone who worked EXTENSIVELY with the corporate side of banking as an accountant in the captive industry, let's just say both banks make more f*ck-ups than a porno movie.   I don't think I ever had a month go by where one of the accounts I was managing didn't have some major bank screw up: lost bank draft, misplaced wire, transposition error on the amounts, etc.   And getting those mistakes fixed was about as easy as skiing backwards uphill...

I hear HSBC taking over didn't help matters either.



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« Reply #9 on: October 20, 2005, 03:49:11 PM »

Think that's because they did NOT replace the staff..... same frame of mind...

I always feel as if I'm bothering these people to get them to handle transactions for me ... if it's a corporate matter at work or an issue on a personal basis........

How is Capital G ?   Wonder if getting away form the two monster banks would help ....
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« Reply #10 on: October 20, 2005, 03:56:00 PM »

Honestly..... the joke around is that they are calling Capital G the 'Old BNTB' cause thats who works there, but in my estimation, they got the good ones.
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« Reply #11 on: October 26, 2005, 10:13:08 AM »

I onced worked at one of the 2 original banks. I came up with an idea for a simple Access database that could replace almost an entire floor of data-entry clerks. I was told to forget this idea because it would make that floor of people redundant, contrary to the bank's policy of helping with the community. This policy, of course, was unwritten. I wonder how the stockholders would feel about this community care policy versus corporate efficiency.
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« Reply #12 on: October 26, 2005, 05:42:19 PM »

We tried to get Internet to the Desktop at this bank, or at least Internet e-mail. This, after real world companies had generally had access for 3 to 5 years. An older fellow in the group told the story about how he had the same problem trying to implement faxing to the bank, years after it had gone mainstream. The bank was still using teletype. I don't even know what that is, except for the tick-ticking in old movies! It was then that I realised that it would never change at the bank; it was the moment I gave up trying to change and resist.
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Mike
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« Reply #13 on: October 27, 2005, 08:43:03 AM »

You had been assimilated!

I remember walking back from HWP repairs, (right - the car still wasn't ready), and feeling the pull of the dark side:  "That's it, here in the land of screw and be screwed, I'm going to start taking advantage of all of my clients too!"

I went home, calmed down, and remembered it is my work ethic that got me here and keeps my clients loyal.  Also, I believe in karma in the real world and just can't do things that will bring bad back to me.

It is hard not to not let yourself behave the way you are treated.
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« Reply #14 on: October 27, 2005, 08:50:14 AM »

Yup, from that day on, I took life easier. I started work at 9:00, had 90 minute lunches, and left at 5:00 sharp. Sometimes we'd discuss business over a drink at The Robin Hood in the middle of the afternoon. I stopped worrying about the screwed up environment at work, stopped trying futilely to change it, and thus had lots of time left over for years of valuable self-study. Except for the self-study part, I was becomng Bermudianised at a fast pace. I kept this sh**ty attitude until the day I was able to change over to a real job and put my normally good work ethics to use again.
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