It has been some time since it was worth writing about how bad banks behave toward customers. The newspapers have been doing it for me, as the incompetence, greed, and outright criminality of banks has regularly hit the front pages.
UOB has managed to stay out of the limelight, although it continues to peddle financial products (structured deposits! dual currency thingies!) which are unsuitable for the average auntie.
Logging into UOB Internet banking tonight, I saw a notice indicating that the Terms and Conditions were being changed.
This is never a good sign, so I took a close look.
How's this for a gem -
So basically although you are putting your money in a BANK, the BANK says it is not responsible for protecting your money, and if they lose it, you are DISENTITLED (what a stupid word) to complain or seek to get your money back.
And just to make sure this is not academic, UOB reserves the right to send you your password and token any old way they please, and it is not their fault if it falls into the hands of bad guys.