A recent development in the Sri Lankan banking sector is the trend towards rejection of Foreign credit and debit cards for use in local banks' ATM cash dispensers!
So anyone planning to travel to Sri Lanka are advised to bring lots of cash in hand or traveller's checks! Or better yet just go somewhere else! Sri Lanka is wasteland of muck, crap and rabid animals and the ugliest people on the planet!
Sri Lankan politicians in the Ministry of Finance don't much care for the ease of use afforded by giving foreigners access to the local ATM machines otherwise they would not have implemented this radical restriction. All they care about is stuffing their fat guts from the coffers of bribes they receive for favors.
Local freelancers who receive payments in US Dollars via the Payoneer card system are also in the same boat as these poor foreigners! This I believe is a Government ploy to make freelancers find local jobs! Make them slave away for a few Rupees instead of the US$ they would otherwise receive!
So avoid Sri Lanka and save yourselves a boatload of trouble!
Showing posts with label Bank of Ceylon. Show all posts
Showing posts with label Bank of Ceylon. Show all posts
Wednesday, February 3, 2016
Sunday, July 6, 2014
Bank of Ceylon caught stealing money from user accounts and ATM fraud!
Money suddenly disappearing from my Bank Of Ceylon account. Sometimes
Rs. 5000/- just disappears, another month Rs 3000 vanished.
When I called the head office in Colombo they said they have no idea what happened. They won't say what happened or take responsibility for the error, and they won't give the money back.
I have a friend who also used to have this problem with money suddenly vanishing from his Bank Of Ceylon Savings account. He got sick of it, consulted a lawyer and decided it was not worth the trouble for a lawsuit and simply moved on to Commercial Bank. But he lost around a total of Rs. 45,000/-
According to a banking consultant I spoke to he says that nowadays none of the youth, or 20-30 somethings go to the Bank of Ceylon anymore. Everyone now banks at Commercial or Seylan or Sampath banks. Bank of Ceylon is now mostly used by really old people. Their business is dying along with the customers.
He believes that the bank must be skimping money from user accounts on a regular basis to compensate for lost revenue from the younger generation.
Also recently I went to get some money from the Bank of Ceylon Keselwatta branch. I withdrew 18,000 using my Mastercard debit card. All I got was 17 thousand Rupee notes and a fifty Rupee note! SO I am at a loss for Rs 950/-.
I went immediately inside and complained to the manager. Without making an effort to check the ATM data or any such thing she said, that this couldn't possibly happen, and that it wasn't their fault and that they cannot compensate for my loss.
If I wanted them to check the video data from the ATM surveillance camera that I would need to submit a request in writing to the Head Office in Colombo.
So this is the sad state of the Bank of Ceylon. They use such horrible tactics such as ATM fraud to keep their earnings within the limit.
They insert fifty or hundred Rupee bills instead of Rs 1000/- notes so when the user withdraws from the ATM they get a lower amount but their account is debited the full amount that they typed into the machine!
The profits made from such ATM fraud must be vast and my banking consultant I spoke to said that he has been hearing of such ATM money inconsistencies from Bank of Ceylon branches as far apart as Anuradhapura and Kurunegala!
So this is the sad state of a once great bank.
Due to the rise and popularity of competing banks they have been forced to resort to underhand tactics to keep their earnings and pay their staff.
Please be aware of this when using the Bank of Ceylon accounts and ATM machines.
When I called the head office in Colombo they said they have no idea what happened. They won't say what happened or take responsibility for the error, and they won't give the money back.
I have a friend who also used to have this problem with money suddenly vanishing from his Bank Of Ceylon Savings account. He got sick of it, consulted a lawyer and decided it was not worth the trouble for a lawsuit and simply moved on to Commercial Bank. But he lost around a total of Rs. 45,000/-
According to a banking consultant I spoke to he says that nowadays none of the youth, or 20-30 somethings go to the Bank of Ceylon anymore. Everyone now banks at Commercial or Seylan or Sampath banks. Bank of Ceylon is now mostly used by really old people. Their business is dying along with the customers.
He believes that the bank must be skimping money from user accounts on a regular basis to compensate for lost revenue from the younger generation.
Also recently I went to get some money from the Bank of Ceylon Keselwatta branch. I withdrew 18,000 using my Mastercard debit card. All I got was 17 thousand Rupee notes and a fifty Rupee note! SO I am at a loss for Rs 950/-.
I went immediately inside and complained to the manager. Without making an effort to check the ATM data or any such thing she said, that this couldn't possibly happen, and that it wasn't their fault and that they cannot compensate for my loss.
If I wanted them to check the video data from the ATM surveillance camera that I would need to submit a request in writing to the Head Office in Colombo.
So this is the sad state of the Bank of Ceylon. They use such horrible tactics such as ATM fraud to keep their earnings within the limit.
They insert fifty or hundred Rupee bills instead of Rs 1000/- notes so when the user withdraws from the ATM they get a lower amount but their account is debited the full amount that they typed into the machine!
The profits made from such ATM fraud must be vast and my banking consultant I spoke to said that he has been hearing of such ATM money inconsistencies from Bank of Ceylon branches as far apart as Anuradhapura and Kurunegala!
So this is the sad state of a once great bank.
Due to the rise and popularity of competing banks they have been forced to resort to underhand tactics to keep their earnings and pay their staff.
Please be aware of this when using the Bank of Ceylon accounts and ATM machines.
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