1 reviews | Active since Dec 2016

08 Dec 2016, 11:26

ABSA ****ing small businesses and simply do not care

<p>I currently bank with ABSA for my small business with an overdraft facility of R160k. I have been experiencing cash flow problems due to non payment from my debtors which resulted in some debit orders being returned. However I have always serviced this overdraft facility. ABSA unilaterally revoked the facility without giving me proper notification and time make arrangements instead swallowed the deposits which were meant for my employees salary, credit card debit order and debit order for the equipments among other things. This resulted in wesbank termininating my agreement due to non payment and now risking loosing my machine. My staff has not been paid as a result as well. ABSA ****ing small businesses and simply do not care. My business is at the risk of collapse now, they want businesses ONLY when they have money and when business in need of money they push you deep in the red to ensure the business does not survive and try come up with the most ridiculous demands. This is the most terrible service by any stretch of imagination. I really need help to get the business on its feet to safe people's jobs.</p>

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Replies (1)
Absa
Absa's reply08 Dec 2016, 15:23
Official

Dear Customer


Thank you for bringing this matter to our attention. We will investigate the matter and furnish feedback shortly.

Kind regards

Daphne Le Grange

Group Customer Care

Absa Bank Ltd