sH
stephen H

1 reviews | Active since Nov 2016

24 Nov 2016, 13:02

ABSA Home Loan flexi-reserve suspended without warning

<p>Tried to access prepaid funds in my ABSA home loan and found that these funds had disappeared. Contacted them and was advised that the facility has been suspended due to FICA non-compliance.<br />1stly you don't just suspend the facility without contacting the client and requesting whatever doc's you need. Have had no phone, sms or email communication at all.<br />2ndly, all these FICA doc's were supp**** when the home loan application was made. How was is approved & paid-out without these.<br />Absolutely shocking. They need to re-instate these facilities with immediate effect and then properly liaise / communicate with their clients.<br />If moving a bond was not such an expensive hassle - I would have move it immediately I am so upset.</p>

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Replies (3)
sH
stephen H's update24 Nov 2016, 13:37
Reviewer Update

Same happened to me. Trying to get COE Maria Ramos email.

Absa
Absa's reply24 Nov 2016, 16:41
Official

Dear Stephen

Thank you for bringing this matter to our attention. Kindly provide us with your account number to log a formal complaint for investigation. We will investigate the matter and furnish feedback shortly.

Kind regards
Nthabiseng Sibande
Group Customer Care
Absa Bank Ltd

sH
stephen H's update24 Nov 2016, 18:48
Reviewer Update

I logged 2 x formal complaints without any results.
Finally got onto a brilliant lady at home loans - Lynette Pillay - who miraculously resolved the issue.
After being fobbed off by numerous people, Lynette was like meeting an ANGEL.
Thanks Lynette - ABSA need more people like you.