SH
Sakhele H

1 reviews | Active since Dec 2012

26 Jul 2019, 07:59

Worse investment company

The service I've received from this 10x Investment is totally appalling. My claim was supposed to have been paid to me within 14 working days from the 1st of July, on the 11th of July they sent me an sms stating my funds should be transferred in a couple of days but nothing was paid out. They don't bother to contact you as a client to inform you of any delays and you must keep on running after them for service. On the 23rd I ended up calling to find out what's the issue and was told to send an e-mail stating that my bank account was active and they should pay into it which I find strange as I had submitted all required docs in June with my bank statement for the account to transfer the funds into. I received an e-mail later confirming that the funds will be paid by end of week. Now it only takes maximum of 48 hrs for any EFT to happen and from Tuesday it should have reflected ALREADY yesterday but still today I find myself again having to run around like a fool inquiring as to what's the issue. I'm beyond disgusted by the service this company offers to it's clients that as an investment company they have such service when claims have to be paid out that it can take close to a month and still not have the funds paid out.

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Replies (6)
10x Investments
10x Investments's reply26 Jul 2019, 08:38
Official
Good morning, can you please let me know to which fund you belonged so that I can investigate the status of your claim.
Thank you
SH
Sakhele H's update26 Jul 2019, 09:50
Reviewer Update
African Bank's provider fund
SH
Sakhele H's update26 Jul 2019, 09:52
Reviewer Update
African Bank's employment/provident fund
SH
Sakhele H's update26 Jul 2019, 09:57
Reviewer Update
It cannot take so long to pay out considering the sms your company sent me on the 11th of July stating my funds should be transferred in a couple of days as they've been disinvested and on Tuesday the 23rd to receive an e-mail stating my bank account confirmation is done and fundsto be transferred yet today still have to go through Hello Peter to resolve this. For an investment company you should even have systems that can allow for immediate clearing of payments of funds, it is 2019 after all, 48hrs EFT transfers are just the worst case scenario.
SH
Sakhele H's update26 Jul 2019, 13:46
Reviewer Update
Still no feedback from 10x Investment nor anyone bothered to contact me with regards to my complaint. It's as if I'm a nobody and they couldn't careless. This just proves exactly that which I'm complaining about, the have appalling service and pompous attitude instead of resolving an issue they created.
10x Investments
10x Investments's reply26 Jul 2019, 17:53
Official
Good afternoon, I received confirmation that your claim was finalised, and was paid as instructed on your claim form. The claims administrator will be sending you all the communication confirming the claim.
Regards
Michelle de Jager