MK
Mu K

1 reviews | Active since May 2011

05 May 2022, 09:32

Absa business banking a risk to business sustainability. Poor Service Delivery

I hold my business banking account with ABSA and what a nightmare their transactional experience is! One of my companies division deals with exports and when payments are made from outside the country, it is a painful experience just to get them cleared into my business account. Firstly, i have to chase them and inform them there are incoming funds, after which they take days to release - way after the value date specified on the incoming payment, which subjects me to the risk of losing value on the transaction. There is no direct line for escalations and the business banker in ineffective. Promises to call back are not honoured. Absa business banking is a risk to small businesses. Pathetic services. Im moving my account. Do not falsely claim you champion businesses in you flowery adverts. I am one disappointed client

0
Replies (3)
Absa
Absa's reply05 May 2022, 11:05
Official
Dear Mu Ka
 
Thank you for bringing this unfortunate matter/incident to my attention and please accept my sincere apology. I will review and provide you with my specific contact details as well as the expected timeframe for further feedback/resolution via email or by making contact with you telephonically.  
 
The reference number for your complaint is C-***2.
 
Kind regards,
Group Customer Care
Rezona Louw
MK
Mu K's update09 May 2022, 09:57
Reviewer Update
One full week later i am still waiting. Being pushed from pillar to post. How do you expect businesses to thrive when you hold on to sales revenue without justification

This is thw worst banking experience i have ever had. Shameful
Absa
Absa's reply09 May 2022, 11:31
Official
Dear Mu Ka
 
Thank you for your posting.

Please refer to our email sent to your personal email address.
 
Kind regards,
Group Customer Care
Rezona Louw