Letter to the Editor

Stanbic Bank management fee

Dear editor,
ALLOW me space to express my concern over the astronomical management fees that Stanbic Bank charges its customers. The K57 management fee the bank slaps on small account holders should be reduced to at least K15 per month. At the moment, we are paying K684 per year to maintain an account with Stanbic. The bank should promote the culture of saving among Zambians by making it easier and friendly for the people.

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