What the hell are banks thinking these days.
Westpac demanded these conditions as part of my new loan.
Conditions:
1. Salary DC to WP.
2. credit card.
3. Savings account or term deposit
4. two years DOA.
5.Fix at least 30% of total loan.
Do they think I'm stupid?
Sure I will transfer over my salary (that I will just transfer back in two weeks),
have a new credit card (that I will never use, and cancel within two months),
open up a new savings account (I don't save so I won't use),
accept the two year DOA ($4650 is worth it),
and fix 30% of total loan (who the hell will accept a higher floating rate when I can fit lower 6 months?)
Finally, do they think I will just transfer all my business and daily banking to them?
Not.
A.
Chance.
Banks are getting more and more stupid by the day.
Westpac demanded these conditions as part of my new loan.
Conditions:
1. Salary DC to WP.
2. credit card.
3. Savings account or term deposit
4. two years DOA.
5.Fix at least 30% of total loan.
Do they think I'm stupid?
Sure I will transfer over my salary (that I will just transfer back in two weeks),
have a new credit card (that I will never use, and cancel within two months),
open up a new savings account (I don't save so I won't use),
accept the two year DOA ($4650 is worth it),
and fix 30% of total loan (who the hell will accept a higher floating rate when I can fit lower 6 months?)
Finally, do they think I will just transfer all my business and daily banking to them?
Not.
A.
Chance.
Banks are getting more and more stupid by the day.
Comment