HD
Hans D

1 reviews | Active since Mar 2009

03 Oct 2023, 17:50

Dinosaur of banking

Really ABSA? Sending out a letter six weeks before an investment matures informing clients who wish to withdraw their funds that this option will require a visit to the branch. Not stated is that such a visit should only occur after the investment had in fact matured and not before that time. Unlike Discovery Bank, Nedbank and African Bank (to name only those I have current knowledge of) no prior instruction can be placed (surely a fami**** term for a financial institution) to ensure payment of the funds at any future date! So after waiting for 45 minutes for one of the 'skilled consultants' on a seemingly belated lunchbreak, I have to learn that she 'doesn't know why 'they' (sic!) send out such letters to clients'. So, I have to go back to the branch - after the maturity date - to get this elementary matter sorted. On my calendar the year indicated is 2023 - that means we are in the 21 century, Absa!

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Replies (1)
HD
Hans D's update05 Oct 2023, 06:53
Reviewer Update
I appreciate the two calls from ABSA regarding this matter. Hopefully, clearer communication to client will prevent such an issue in future.