St Vincent PM urging citizens to think seriously about withdrawing funds from RBTT

Prime Minister of St. Vincent Ralph Gonsalves
Prime Minister of St. Vincent Ralph Gonsalves

KINGSTOWN, St Vincent – St Vincent and the Grenadines two main political leaders are urging citizens to seek advice before making a decision on whether or not to withdraw their funds from the RBTT Bank here following a decision by the financial institution to increase fees for its services.

Many customers have descended on the bank indicating a willingness to withdraw their funds after the Trinidad-headquartered financial institution announced an EC$25 (One EC dollar=US$0.37 cents) monthly service fee.

“I would tell persons to make their own judgement,” Prime Minister and Minister of Finance Ralph Gonsalves said on radio, a day after Opposition Leader Arnhim Eustace had told listeners to do the same.

Gonsalves said that the fees “just came out of nowhere and they are excessive” and that if a depositor has a sufficiency of money and feel they can bear the EC$300 annual fee, they can choose to do so.

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5 Comments

  1. Tj
    May 26, 2016

    I refuse to listen to Gonsales because of his past performance when it comes to DA. Will DA be affected by this bank surcharge?

    • Prophet
      May 27, 2016

      YES Dominica is certainly affected by this sudden increase in fees with less than one week’s notification to customers!

  2. Jerry
    May 25, 2016

    Send Pm R a copy

  3. dee
    May 25, 2016

    Yes words of a Concerned and Real Prime Minister
    Lead the way Gonsalves

  4. dee
    May 25, 2016

    Now
    this is the sort of quality a good Prime minister displays
    I say no more .

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