CC
Chan C

1 reviews | Active since Nov 2018

04 Nov 2018, 12:03

TTMS platinum *****

I have noticed suspicious Debit Orders dating back to the past six months from TTMS Platinum on my Bank Account. It appears as a NAEDO TRACKED Debit Order. Despite claims by ABSA that I should be able to stop unauthorized debit orders via Online Banking platform, this NAEDO Debit Order does not even appear on the list of my monthly Stop/Debit Orders online. A quick internet search shows that TTMS Platinum is not a legitimate company and that it is in the business of making ********** debit orders on people's personal accounts particularly ABSA accounts. I am disappointed that ABSA has not red flagged this company or even alerted me to these debit orders despite a long and well established history of many of ABSA's clients falling victim to this company. It might be that ABSA has no power to refuse orders of payment from TTMS, the least ABSA can do is to warn their clients the moment this company request a payment from clients bank account. I am willing to close my ABSA bank account if they continue exposing me to ********** companies like TTMS. Many of ABSA clients have posted about this issue for years now and ABSA has done nothing about it. Clearly ABSA does not need my business.

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Replies (4)
Absa
Absa's reply05 Nov 2018, 14:14
Official
Dear Customer
 
 Thank you for bringing this matter to our attention. We will investigate the matter and furnish feedback once matter has been resolved.
 
 Kind regards
 Daphne Le Grange
 Group Customer Care
 Absa Bank Ltd


Best regards,

Absa
Absa's reply05 Nov 2018, 14:16
Official
Hi Chan Charikinya

My name is Daphne Le Grange. I will facilitate the resolution process for you. Your complaint reference number is *** progress will be provided within the next 2 working days. Please feel free to contact me on ***. Alternatively reach me at *** if you are unable to get hold of me on the number provided

Best regards,

CC
Chan C's update06 Nov 2018, 16:03
Reviewer Update
The response has been very disappointing . I am now supposed to hire a private investigator to find out who the company *****ing my money via unauthorized debit orders is so that I can instruct that company to stop. What is suspicious is all approved Debit orders i have approved appear on my online banking profile except this ********** one. If anyone knows who this company is it is ABSA because I am not the first client to lodge this complaint about this company targeting ABSA account holders. I call their telephone banking and spend 20 minutes being moved around from one agent to the other only to be told that it is my fault that I am getting robed. Below is one of ABSA's response. Dear Valued Absa Customer Thank you for your email. Kindly be advised that for security reasons we cannot cancel debit orders via email instruction. All internal (Absa) debit orders have to be cancelled at an Absa branch, with positive identification. If it is an external (third party) debit order, you need to cancel it in writing with the third party concerned. They need to remove it from their Magtape that they send through to the banks. Your Absa branch can place a temporary stop on the debit order for 6 months. However, if the third party changes the amount or reference number that is reflected on your statement, the debit order will be re-instated and deducted from your account. It is advisable to cancel the debit order with the third party. Your Absa branch will be able to reverse the transaction within the first 4 days after the money was deducted from your account. To request the reversal, kindly visit your nearest Absa branch with positive identification to complete the necessary documents so that they can reverse the transaction. Alternatively, if you are registered for Absa Telephone Banking, you can contact them on 08 ********** 0 or +27 11 ********** to request the reversal of the debit order. However, if you are not in South Africa and you have someone in the country with power of attorney on your account, they can visit an Absa branch with positive identification and have the necessary debit orders cancelled on your behalf. If you require any other assistance or information, please email us again at ********** Regards Complaint Resolution Suite
CC
Chan C's update09 Nov 2018, 07:36
Reviewer Update
Issue HAS NOT been resolved. I have been told that I need to get in touch with TTMS platinum that is been making ******* debits to request them to pay me my money back. ABSA client support has rushed to close the matter despite it not being resolved . See email from ABSA BELOW We refer to your complaint posted on Twitter with regards to the unauthorized debit order. Our Investigation We escalated this matter to the relevant business unit to assist and sincerely apologize for any inconvenience caused. In response they’ve advised that you have been contacted and debit orders reversed. In Conclusion We thank you for bringing this matter to our attention and giving me the opportunity to assist. In light of the above I will be closing complaint accordingly as addressed.