MC
Matthew C

1 reviews | Active since Sept 2024

18 Sept 2024, 09:49

Incorrect tax codes and amounts submitted to SARS issue (TFSA Account)

It had been 2 months now of calling their investment department trying to get an issue resolved whereby African Bank submitted the incorrect tax codes and amounts to SARS when transferring my TFSA funds to another institution.

I am told every time that the back office department has not given them feedback and they will keep escalating the matter. This level of incompetence and disregard to their customers is inexcusable. The submission deadlines for the tax season is creeping closer and closer and yet their back office department refused to get their act together and do the their primary function and that is to send accurate information to SARS.

0
Replies (3)
African Bank
African Bank's reply18 Sept 2024, 10:10
Official
Thanks for speaking up and calling us out. We're giving your concern our full attention and we'll get back to you shortly.
Talk to you soon.
Your African Bank Support Specialist team
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MC
Matthew C's update02 Oct 2024, 22:23
Reviewer Update
Another 2 weeks has gone by and 3 emails later. Still have not sorted this issue out. I will soon be forced to pay penalties to SARS due to their incompetence
African Bank
African Bank's reply03 Oct 2024, 10:51
Official
Thanks for speaking up and calling us out. We regret the delay. Please be assured that we have highlighted your concern on priority, and we will share an update shortly with you. We appreciate your patience on this.

Talk to you soon.
Your African Bank Support Specialist team
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