1 reviews | Active since Jul 2022
Unauthorised International Debit & Funds on Hold
On 26th of March 26, an amount of R513.00 was debited from my account following a prior once-off payment of R18.00 made to an online service. This subsequent charge was not clearly authorised and has been disputed.
I immediately reported the matter to ABSA *****, and I was provided with reference number ***. The merchant has since confirmed in writing that the R513.00 transaction was reversed. However, the amount is still reflecting on my account as an uncleared/pending transaction.
I have already contacted ABSA and was instructed to email the authorisation department to release the hold. This has been done, but to date I have received no response and no resolution.
This delay is unacceptable.
Please take note of the following:
The merchant has confirmed reversal of the funds The amount is still being held as an authorisation on my account This matter was reported immediately and remains unresolved
I therefore request the following as a matter of urgency:
Immediate confirmation of when the authorisation hold will be released. Confirmation that no further debits will be processed from this merchant Clarification on why no response has been received from the authorisation department
Kindly treat this as a formal complaint and urgent request for resolution.
From: Support Team from MyIQ <***>
Date: Thu, Apr 9, 2026 at 11:51 AM
Subject: Re: Support Request
To: <***>
Hi Thobile,I understand your concern and the urgency given your situation. As I’ve mentioned, your subscription has been cancelled and the full refund of R513 was processed promptly as a single transaction. While we don’t provide formal refund receipts or documentation, the refund was recorded in our system immediately after cancellation. The delay you’re experiencing is due to your bank’s processing times, which can sometimes split transactions or take longer than expected. I recommend continuing to follow up with your bank using the transaction date as reference.Please let me know if you need any other assistance.Best regards, David My IQ Customer Success Team
From: Support Team from MyIQ <***>
Date: Thu, Apr 9, 2026 at 11:51 AM
Subject: Re: Support Request
To: <***>
Hi Thobile,I understand your concern and the urgency given your situation. As I’ve mentioned, your subscription has been cancelled and the full refund of R513 was processed promptly as a single transaction. While we don’t provide formal refund receipts or documentation, the refund was recorded in our system immediately after cancellation. The delay you’re experiencing is due to your bank’s processing times, which can sometimes split transactions or take longer than expected. I recommend continuing to follow up with your bank using the transaction date as reference.Please let me know if you need any other assistance.Best regards, David My IQ Customer Success Team
Thank you.
Thank you.
Kind regards
Nthabiseng Sibande
Customer Value Management
Absa Bank Ltd
Kind regards
Nthabiseng Sibande
Customer Value Management
Absa Bank Ltd
