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03 Jun 2018
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Banks
DBS Bank introduced a new payment function under its corporate banking platform called IDEAL 3.
It was supposed to be a better service. It turned out to be more troublesome.
I was deluded into making a transfer using the default option - FAST. I do not need this service, because I was normally happy with the GIRO payment.
I did not receive any warning about the fee for using FAST under the Ideal 3 platform.
It was a shock that they charge a fee of $20.
I called their hotline for an explanation. The staff said that this was under their "Term & Condition". I search the internet for this fee but could not find it.
The internet stated that the FAST transfer fee is $0 for most types of transfers. There was no mention about the charge for their corporate account.
This is very bad.
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