dV
danie V

1 reviews | Active since Aug 2012

07 Apr 2016, 11:20

Deducting insurance after policy is stopped

On 18-03-2016 I arranged with ABSA to stop my building insurance. I was informed it takes 3 days to do the changes and reduce my bond repayment. I duly received an confirmation e-mail from Absa that the request has been received at 14h54 on this day. This was after I submitted my proof of new policy in my name for this property.<br> <br> Now 19 days later Absa decided they want more of my money and went ahead to deduct insurance together with my bond payment. I wonder how long would Absa continue to deduct money not owed to them for any service rendered.<br> <br> Trying to phone is a nightmare as at times the phone is not even answered. Going to a branch does not help as Absa branches distance themselves from insurance complaints and it is up to the customer to sort out the in house problems.

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Replies (1)
Absa
Absa's reply07 Apr 2016, 13:07
Official
Hello daansue,

Dear Customer

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

We sincerely apologize for any inconvenience caused.

Kind regards

Danzig Boyce
Group Customer Care
Absa Bank Ltd