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Drama at Equity Bank
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chaliwong
#51 Posted : Tuesday, January 26, 2010 2:32:03 PM
Rank: New-farer

Joined: 1/10/2010
Posts: 73
Location: kenya
@Vitus - Could you be in the process of getting a Loan from I&M or you already have one?

Because that is where your HISTORY in a former bank also comes into play.
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Mkimwa
#52 Posted : Tuesday, January 26, 2010 6:23:41 PM
Rank: Member

Joined: 10/26/2008
Posts: 380
Those KYC requirements are crap.

Sample this:
Stanchart - say you want to upgrade your normal diva/all-in-one account to excel or the X account.. they tell u to bring a photo again, and ID copy, and all those other things. Yet they already have your details...
u want to open a savings account - same crap.
NIC - You have an account there, even a credit card. You want to open another joint account, or say a dollar account, they tell u bring ID+passport+bill+new form..
Even worse, u decide to open a CDSC account using them, since you have a working relationship with them, they tell u same crap. Why do we give them those things in the first place, if they cant refer to them?

And that utility bill, hell if i just need an account, u want to know where i live, fine. I can move next month, and not update the bank. so how does it help? i always wonder what happens if i am living with my parents or my relatives, what "utility bill" do i provide?

Waste of time, and resources.. Dont i love Equity..
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chaliwong
#53 Posted : Tuesday, January 26, 2010 7:53:59 PM
Rank: New-farer

Joined: 1/10/2010
Posts: 73
Location: kenya
It helps because at one time you lived there which I dont think an imposter would know ten years down the line.

Its just a mater of time before equity starts implimenting the same once they hit the numbers they want. And remember with the numbers comes every Tom,Dick and Hurry some of whom want to reap where they never sowed.

After all, its the challenges in the market that make the banks impliment these policies,and Equity is a player in the same market, serving the same GOOD people and the same BAD people.
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VituVingiSana
#54 Posted : Wednesday, January 27, 2010 5:51:38 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,347
Location: Nairobi
chaliwong wrote:
@Vitus - Could you be in the process of getting a Loan from I&M or you already have one?

Because that is where your HISTORY in a former bank also comes into play.


@chali - Nope, not looking for a loan either at any bank. CFC, I&M, NIC, no-one...

And I think my relas know who I am...!!! No KYC needed there!
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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