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  #721 (permalink)  
Old 16th January 2013, 12:57 PM
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Default Re: i need a stock broker please , do recommend a broker.
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Originally Posted by emmanuel ewumi View Post
COT is part of the cost of doing business, N5 per N1000 is not too much. If you don't want to pay COT there are products that requires you to minimum balance in your account, thereby not paying COT.
You think so. N5 per N1,000 on N50m. It hurts me when I see it.
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  #722 (permalink)  
Old 16th January 2013, 01:01 PM
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Originally Posted by bivins1 View Post
Na small OBJ take fine pass realvenc
Realvenc na fine Owerri boy o!
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  #723 (permalink)  
Old 16th January 2013, 01:08 PM
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Default Re: i need a stock broker please , do recommend a broker.
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Originally Posted by overload View Post
why should anyone be paying COT? do banks abroad charge COT? it only makes the banks here in Naija Lazy!
COT is very annoying. Imagine transferring money abroad from your current account, you will be charged all the commissions,telex fees,offshore fee,VAT. Then dem go come add COT for the Naira value that was transferred.

I no blame guys wey dey carry the money for ghana-must-go through MMA!
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  #724 (permalink)  
Old 16th January 2013, 01:10 PM
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Default Re: i need a stock broker please , do recommend a broker.
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Originally Posted by Oracle View Post
You think so. N5 per N1,000 on N50m. It hurts me when I see it.
Go for a banking product that requires you to have a minimum balance of 100,000k in your account and you wont pay the COT on N50m.

The COT on N50m is 250k, which if far higher than the minimum balance of 100k that is required for COT less current account banking products.
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  #725 (permalink)  
Old 16th January 2013, 01:11 PM
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Default Re: i need a stock broker please , do recommend a broker.
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Originally Posted by Oracle View Post
You think so. N5 per N1,000 on N50m. It hurts me when I see it.
An HNI like you can ask for a COT concession. I think CBN has suggested that banks reduce COT. So hurt no more.
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  #726 (permalink)  
Old 16th January 2013, 01:12 PM
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Default Re: i need a stock broker please , do recommend a broker.
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Originally Posted by emmanuel ewumi View Post
Go for a banking product that requires you to have a minimum balance of 100,000k in your account and you wont pay the COT on N50m.

The COT on N50m is 250k, which if far higher than the minimum balance of 100k that is required for COT less current account banking products.
Use GTB for example. Which product do they have?
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  #727 (permalink)  
Old 16th January 2013, 01:13 PM
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Default Re: i need a stock broker please , do recommend a broker.
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Originally Posted by Felz View Post
An HNI like you can ask for a COT concession. I think CBN has suggested that banks reduce COT. So hurt no more.
is this operational now?

Why should a bank force me to keep N100k for them to be trading with just becos i want COT free account.

I have a lebanese friend that does volumes..what he negotiated with his bankers is that they place all his money on call and pay him 4% and he only pay a COT of .50k per mille.
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  #728 (permalink)  
Old 16th January 2013, 01:16 PM
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Originally Posted by Felz View Post
An HNI like you can ask for a COT concession. I think CBN has suggested that banks reduce COT. So hurt no more.
GTB no dey gree! I have tried.
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  #729 (permalink)  
Old 16th January 2013, 01:20 PM
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Default Re: i need a stock broker please , do recommend a broker.
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Originally Posted by overload View Post
is this operational now?

Why should a bank force me to keep N100k for them to be trading with just becos i want COT free account.

I have a lebanese friend that does volumes..what he negotiated with his bankers is that they place all his money on call and pay him 4% and he only pay a COT of .50k per mille.
Yes, I know about the COT concession. I enjoy such in Zenith bank. but GTB no dey gree.
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  #730 (permalink)  
Old 16th January 2013, 01:28 PM
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Default Re: i need a stock broker please , do recommend a broker.
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Originally Posted by Oracle View Post
Use GTB for example. Which product do they have?
They have GTMax account but it has some strings attached.
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  #731 (permalink)  
Old 16th January 2013, 01:30 PM
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Default Re: i need a stock broker please , do recommend a broker.
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Originally Posted by Felz View Post
They have GTMax account but it has some strings attached.
What are the strings attached, like a minimum balance of 250k in your account or what.
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  #732 (permalink)  
Old 16th January 2013, 01:38 PM
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Default Re: i need a stock broker please , do recommend a broker.
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Originally Posted by emmanuel ewumi View Post
What are the strings attached, like a minimum balance of 250k in your account or what.
And specified minimum amount of withdrawals.
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  #733 (permalink)  
Old 16th January 2013, 01:47 PM
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Default Re: i need a stock broker please , do recommend a broker.
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Originally Posted by Oracle View Post
Yes, I know about the COT concession. I enjoy such in Zenith bank. but GTB no dey gree.
Why do some people still bank with GT self..each time you go there...there is a crowd of people to do business there..try their ATM dat one na die!

In my bank I have just 2k yet they treat me like a king....maybe cos their customer base is not so much so anything i ask for they give me..
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  #734 (permalink)  
Old 16th January 2013, 01:53 PM
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Default Re: i need a stock broker please , do recommend a broker.
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Originally Posted by overload View Post
Why do some people still bank with GT self..each time you go there...there is a crowd of people to do business there..try their ATM dat one na die!

In my bank I have just 2k yet they treat me like a king....maybe cos their customer base is not so much so anything i ask for they give me..
Bros wetin be your bank name?
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Old 16th January 2013, 01:53 PM
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Default Re: i need a stock broker please , do recommend a broker.
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Originally Posted by overload View Post
Why do some people still bank with GT self..each time you go there...there is a crowd of people to do business there..try their ATM dat one na die!

In my bank I have just 2k yet they treat me like a king....maybe cos their customer base is not so much so anything i ask for they give me..
I'm with you on the GT thing, not planning to open an account with them anytime soon.

bros abeg which bank be that? abi na another currency we dey talk about?
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  #736 (permalink)  
Old 16th January 2013, 01:55 PM
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Default Re: i need a stock broker please , do recommend a broker.
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Originally Posted by Felz View Post
They have GTMax account but it has some strings attached.
It is those strings I need! Abeg say it.
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  #737 (permalink)  
Old 16th January 2013, 01:57 PM
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Default Re: i need a stock broker please , do recommend a broker.
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And specified minimum amount of withdrawals.
Like how much? State figures!
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  #738 (permalink)  
Old 16th January 2013, 02:02 PM
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Default Re: i need a stock broker please , do recommend a broker.
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Originally Posted by overload View Post
Why do some people still bank with GT self..each time you go there...there is a crowd of people to do business there..try their ATM dat one na die!

In my bank I have just 2k yet they treat me like a king....maybe cos their customer base is not so much so anything i ask for they give me..
Abeg GTB good. Bone the crowd! If you say GTB get crowd, then wetin you go talk of First bank?
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  #739 (permalink)  
Old 16th January 2013, 02:03 PM
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Default Re: i need a stock broker please , do recommend a broker.
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Originally Posted by bivins1 View Post
Bros wetin be your bank name?
Na FCMB na. You no suppose ask!
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Old 16th January 2013, 02:07 PM
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Default Re: i need a stock broker please , do recommend a broker.
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Bros wetin be your bank name?
Quote:
Originally Posted by Oracle View Post
Na FCMB na. You no suppose ask!
bros na Wema bank me I dey use!

once crowd begin plenty there i go migrate go another one wey no get crowd!
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