Thursday, February 12, 2009

Banking fees / levies are too high in Tanzania

By Patrick Kinemo.

I am concerned by the level of fees and other levies charged by our banks. The banking sector is a unique and important sector of the economy as a whole, i am concerned with what i think is excessive fees charged to customer/consumers particularly depositors & savers.

The banks use our deposit to buy treasury bills & other financials instruments where they make a lot of money & pass on very little to its savers; whilst at the same time charging for withdrawals, balance statements, monthly account maintaining fees etc.
I think these fees need to be regulated to ensure that they are fair!!Who protects the depositors/ savers?

Phone no:+255712930648

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