Comment by yummypaint
19 days ago
You do have the option to change your bank when they consistently do dumb stuff you don't approve of. Shopping around will probably get you a better savings rate anyway.
19 days ago
You do have the option to change your bank when they consistently do dumb stuff you don't approve of. Shopping around will probably get you a better savings rate anyway.
Unfortunately, not an option right now. Setting up foreign currency payout is difficult in my country, a lot of paperworks needed, we don't even have PayPal. Also, the previous autocratic government, that was forcefully expelled after a bloody movement, left most of the banks in ruin. So not a lot of options left.
There is also the issue that other factors can keep you tied to a bank. Like having a mortgage there and getting a discount on home owner insurance for it, as well as getting a discount on the mortgage interest for banking with them.
Changing banks is easy when it's just about cash in a savings account. Not so easy in other cases.