ADSAMI
Posts : 1 Points : 10805 Reputation : 2 Join date : 2009-08-03 City : London
| Subject: BEWARE of BMCE BANK's London Representative Office Mon Aug 03, 2009 6:43 pm | |
| First I would like express my joy and thank the administrators of this very useful Forum, wherby Moroccan community can finally express freely what they experience.
Dear users, Beware of BMCE Bank! It doesn't have the rights to sell its banking products nor to advertise them in the UK, as they are merely a representative office. Please check this website to find out if the said bank is licensed and you will find that it's not, unlike Banque Populaire who are authorised to operate as a bank. (in the search by name area enter the name BMCE BANK, YOU WILL GET NO AS A RESULT).
While all financial institutions must be registered with FSA in order to safeguard the interest of clients from dodgy firms in terms of opening accounts, offering mortgages,insurance and advice. Unfortunately, BMCE BANK unlike Banque populaire seems careless. This justifies their irresponsibile attitude towards Moroccan clients here in the UK.
So be advised, don't bank with BMCE Bank, as I had an appalling experience with them. I tried to send money to my personal BMCE account and discovered after 1 year that, on every transfer there is a 124 dh hidden charge that (doesn't even appear in the bank statement) + other charges such as (agios) (frais de tenue de compte), and when I called the office in London they said that these charges didn't apply to Moroccans living abroad and, therefore, claimed that it was due to a system error and promised to pay me my money back. Unfortunately, I am yet to hear from them.
Anyone who has been a victim of BMCE Bank may seek compensation and could report its misleading services to the FSA (Financial Service Authority) by filling in this form (Unauthorised overseas firms operating in the UK. here is the address:
I would urge everyone to take action to stop this untrustworthy bank. Please whoever had an appalling experience with this bank, don't hesitate to share it with us in order to make a formal complaint to the FSA. Whoever had received unsolicited letters from BMCE Bank offering its banking products, please don't hesitate to send a complaint to the FSA.
Last edited by ADSAMI on Wed Aug 05, 2009 4:33 am; edited 1 time in total | |
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alghomari Rank
Posts : 15 Points : 10925 Reputation : 25 Join date : 2009-06-23 City : lonodn
| Subject: Re: BEWARE of BMCE BANK's London Representative Office Tue Aug 04, 2009 3:12 pm | |
| Thanks for this brilliant work, ADSAMI. I must admit that I reluctantly opened an account with them some time ago and was tempted to look at some of their products. Having read the above and the bad experience that you had with this Bank, It would be foolish of me to proceed any further with them. | |
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Nour
Posts : 5 Points : 10954 Reputation : 3 Join date : 2009-05-23 City : london
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Admin Admin
Posts : 20 Points : 11052 Reputation : 6 Join date : 2009-05-20 City : London
| Subject: Re: BEWARE of BMCE BANK's London Representative Office Wed Aug 05, 2009 6:18 am | |
| We will endeavour to give our community a clear picture as to this bank
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| Subject: Re: BEWARE of BMCE BANK's London Representative Office | |
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