Starting June HSBC have suddenly decided to earn more money out of their client by charging RM5 Powervantage fee. I do not have a monthly statement because I use online banking. Therefore I would not have notice it until my wife met someone talking about this charges.

I got charged starting of this month as well. So I decided to give them a call. First the lady handling mention that the only way out is to have minimum RM20k balance in my account to waive the RM5, why would I do that? (RM20k x 3% / 12 month = RM50bucks). It makes no sense at all. After arguing and questioning the difference I got from this RM5 service charge, she finally mention that I have a way out by changing my saving account to a regular account (not powervantage). When I ask her what is the difference between Powervantage and Regular Saving, she mentioned that Powervantage have checking. Ohhhh…I do not applied for this service even the very first time I open my account. Why the hell did the guy open a Powervantage account then?

But I have to crawl my way to the bank and queue in order to make this changes. So the only crawl I am making to the bank is to close down my account.

I am just posting this to ask those who have saving to take note of the RM5/mth charges.

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