I have a recorded phone conversation with the broker in which it illustrate my say if required please to provide me with an e-mail.
On June 2005 one of ABN Amro Bank gentlemen came to my office in Dubai proudly explaining about their new Regular Saving Plan “Royal Skandia”.
As he said it is a flexible plan, only 10 monthly premium payments are a must, and after that I am free to continue the plan with the regular monthly payment or to withdraw 50% of the deposits plus the 7% interest profit, or to discontinue the plan and withdraw the money plus the 7% interest profit by sending a signed letter one month prior to the final payment.
The deal was for the minimum period which is 10 months because I was planning to leave the country.
After the ninth month I sent my letter to the bank mentioning that I want to discontinue the plan.
The reply was that the minimum period is ONE YEAR not before that.
This was my first shock but I said to myself no problem two additional months it is no
2006-10-19
10:33:08
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2 answers
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asked by
eliejabb
1
in
Business & Finance
➔ Other - Business & Finance