1 reviews | Active since Nov 2016
I had a matured Tax Free Investment account with ABSA. I needed to move this to another bank due to better returns. ABSA doesn’t allow telephonic transactions, you have to go to a Branch. I went to the Branch and spent hours there. I was advised that I need to transfer the funds into a transaction account(which I don’t have) then transfer it to the other Bank. When I enquired about the tax implications-its the only way they do it. Low and behold, SARS wants me to pay taxes on that amount. ABSA has given me no feedback since I logged this complaint on 20 August 2022, although I was promised feedback and I have sent numerous emails. I need to file my tax returns and due to the flaws in your processes and lack of customer support, I can not. I am so glad I do not bank with ABSA. Public humiliation might seem to work to get their attention.
Best regards,
Best regards,
Best regards,
Best regards,
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