ABSA + NAEDO - Non Authorised Early Debit Orders

Absa (and other banks) allow NAEDO to be executed on my bank account without allowing me to manage them. “Legal” companies then abuse this feature and debit my account. I then have to : 1. Go into Branch (no online function to reverse) to reverse 2. Get Charged to this reversal 3. Have to get information from bank about these so-called “Legal” companies 4. Call them with my own buck 5. Find out they have closed since this is what they do (every +- 6 months) 6. Find out you can’t reverse if you go later that 45 days 7. Pay to change my account number (so it doesn’t happen again) 8. Or have it happen again in 4 month time 9. If I change my account I have to call and change all my ready-setup debit Orders 10. Change all my payers to pay to a different account number 11. Accept / Allow that my credit score will be affected by these shenanigans

This is disheartening. This should not be acceptable. All Absa has to do is to extend its already available feature of reversing debit orders to NAEDebit Orders. All this money they are spending on changing the brand should be put to use in improving services.

I was hit by: Luvmore - 1. Singhs Cc /Sb### 2. Luvmore /8#### 3. Gr Life /Gr Lyfe 9### 4. Sagewise1 /Rnr2### 5. Xfinity Comm9### 6. Scb Naedo /Gr Lyfe 9### 7. Lifemarketrf4### For a total of R1 680.92. (Lucrative! From one person. I would do it too)

Remember: Evil Prevails when good people do nothing. Where there is opportunity, pilfers will take advantage Where there is a will, there is a way