At part of my first couple of steps into the working world, I must say that the lesson that I have learnt today would be one of my most, most important ones in this glorious life of mine.
Albeit at an expensive price... And before you scream or shout at me "WHAT DID YOU PAY FOR IT!?", let me narrate the story at my leisure, lelax'd pace.
Just recently, I went for a trip overseas, in which I was not that well prepared in terms of cash. I had not exchanged any euros in anticipation of this trip, nor did I had checked my bank account balance before I left. I had a vague idea that I was rich (lol), so I happily used my debit card to withdraw a couple of euros.
And with that "couple" of withdrawal, I got a kinda overdrawn by a "couple" of pounds.
In which the bank issued me a charge for an "informal overdraft arrangement fee" for 50 pounds.
50 KNN-ing POUNDS!!!
*stares ahead blankly*
That's like the equivalent of a pair of very nice LEVIS jeans, or a really nice meal at Angus Steakhouse, or the equivalent of a new camera bag which I have been aiming for sometime of which if you like, you may buy it for me
here. If you like, that's the same as RM250-300. Just imagine how many times you could have eaten KFC?
I went to the bank today for other issues today, but I also tried to see if I could negotiate/persuade/charm any possible souls I could get my hands on into sympathising with my predicament and probably waiving it.
So after queueing for 20 minutes, this gentlemen called Daniel came to me. He was just a "Customer Service Rep" (read: unimportant, powerless and generally there to get rid of unimportant customers). So I explained my whole story: Oh, didn't realise overdraft, apologetic, I'm a student, no money, leaving the country soon, looking to close account soon etc etc. I played one of my card, saying:
"Daniel, you see, if I pay this 50 pounds, I will have problems paying for the next week's living expenses..."
"Oh that's no problem, you can arrange for a formal overdraft with our lending department. They'll be able to help you."
"But I'm leaving the country next week?"
"Oh it's okay, you can close the account even from overseas. They will be able to arrange for you to transfer or pay by installments from abroad."
"And how much do you charge for a account payment from overseas?"
"20 pounds."
"Err, wait... I have an overdraft of 50 pounds, and you want me to spend 20 pounds to pay off the 50 pounds?"
Looking at me smuggly, "Yes sir".
In which I must come to the 6 lessons I have learnt today...
1. Banks are bloodsuckers.
2. Banks will not give up on monies that are already in their pockets.
3. Banks will not care about unimportant little people who only have an account worth a hundred pounds. Like you and me.
4. If you look too kind, or too like Buddha himself, thou shalt not
even get pass the Bank's
receptionist.
4. Hell yea, even if Jesus came down to settle his overdraft, the Banks will shout "EHHH KAWAN~", show him to a private room, and inside it, gladly stone him on a cross again and ship him off Fedex to Africa.
5. If you plan to open a bank account in the future, and plan to use it as your main active account, you bloody well read all the fine print with a microscope and explore secondary details you might need, like credit card terms, loans and even overdrafts. Reminder to set up any overdraft facilities, as one, the Banks will
gladly let you go overdraft, and two, trust me, it is so bloody easy to be in
red.
6. Marry a banker.
I am poor.