TM
Thabo M

1 reviews | Active since Jul 2016

22 Nov 2016, 10:57

Bankmed (Administered by Discovery) Delay in MSA payout

<p>I was due to receive a payout from Bankmed in August 2016. I am aware that I closed the account I used for Bankmed. It has taken Discovery 3 months to send communication in spite of the fact that I have accounts and policies with them.</p> <p> </p> <p>Anyway, I sent my new bank details on Thurs ( it takes up to 48 hours for them to update their systems they say. Then to add insult to injury, payouts are only processed every Wed. So this means that I will only receive my overdue MSA payment next week.</p> <p> </p> <p>I find this unacceptable. I am now concerned that I have a Life Policy with Discovery and if this poor service extends to policy payouts.</p>

0
Replies (2)
Bankmed
Bankmed's reply24 Nov 2016, 13:59
Official

Dear Thabo

Thank you for speaking to me and allowing me to address your concerns. Please accept our apologies for the service you did receive and we will address this internally to ensure it does not occur again.

Regards

Bankmed Servicing Team.

TM
Thabo M's update01 Dec 2016, 16:33
Reviewer Update

Sorted