CB
Colin B

1 reviews | Active since May 2018

26 May 2018, 19:11

Absa; How they con you!

A few years ago I purchased a property and financed it at Absa. They made me take out a life insurance policy and the installment was linked to my property installment. Then bit more than a year ago I sold it, gave them the mandatory warning period for cancellation of the loan. It all went smooth, property was sold and the loan settled. I sat in their offices and asked the consultant, Is there anything else that must occur, cancellation of the policy? No sir. It is all settled and nothing further to be done he said. I heard nothing further [no monthly statement] regarding the matter till more than a year later, when I got a statement in the post, saying I owe them almost R12000 for the life insurance policy that was never cancelled. Is this how Absa does business? I WILL be closing my account the first opportunity I get and I recommend anyone thinking of opening an account with them,,, DONT! Do not trust them, they will find a way of taking your hard earned money.

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Replies (3)
Absa
Absa's reply28 May 2018, 19:40
Official

Dear Client

Thank you for bringing this matter to our attention. We will investigate the matter and provide feedback once the matter has been resolved.

Regards
Vanessa Crowe
Group Customer Care
Absa Bank Ltd

Best regards,

CB
Colin B's update29 May 2018, 14:29
Reviewer Update
Hello Vanessa I have resolved this matter myself with your complaints dept. After many [24+] unnecessary emails and stress. That doesn't solve my issue with Absa though, this was not the first time. Absa has let me down a few times in the past. A few years ago, I was overseas, My daughters bank card was ****** at a machine. They withdrew over 20k from my accounts, Her card was under my name but was not supposed to be linked. I had to transfer all my money out of my accounts over night from overseas. after that i laid a complaint at your sanbel branch. I never heard from them again. When I was much younger I financed a flat through Absa and the only way I could get a loan was if Absa could put a extra 100k on top of my loan amount. I was young and naive and they took advantage of me, a customer from the days absa was still called trust bank. I emailed a number of times over the last few days to resolve my latest issue, and every time I saw at the bottom of Absa's emails in red lettering; RESPECT & INTEGRITY. You tell me, Do you as a person believe that can be said about Absa?
Absa
Absa's reply30 May 2018, 11:58
Official

Dear Client

Thank you for the update. I do note that Laurell Billings assisted . with complaint reference number ***.

Regards
Vanessa Crowe
Group Customer Care
Absa Bank Ltd

Best regards,