1 reviews | Active since May 2016

09 Sept 2025, 17:21

Bad customer service

Capitec Bank Review: A Frustrating Experience with Fund ReversalsI recently had a rather disappointing experience with Capitec Bank regarding a fund reversal that I initiated. Unfortunately, this situation has left me feeling frustrated and dissatisfied with their customer service.Initially, I approached Capitec to request a reversal of funds for a transaction that was no longer valid. I understand that mistakes happen, and I expected a straightforward process to rectify the situation. However, what followed was anything but smooth. I was charged a fee for the reversal request, even though it became clear that Capitec claimed they could not locate the funds. To add to my frustration, the money is still sitting in the other person’s account, and I have received no clear resolution on when it will be returned to me.Capitec’s customer service representatives informed me that my case was closed, which felt more like a dismissal than a resolution. I understand that banks have procedures and protocols in place, but it’s disheartening to feel like I’m being charged for a service that has not only gone unfulfilled but has also left the other party waiting.Given the circumstances, I would have appreciated more transparency and communication from Capitec. As a customer, I expected assistance in resolving this issue, not a brush-off. I hope that Capitec can improve their processes for handling such matters and enhance their customer service to ensure that clients do not feel lost or disregarded.In conclusion, my experience with Capitec regarding this fund reversal has been frustrating and has left me questioning their handling of customer transactions. I hope that my situation can be resolved soon, but I also hope that the bank takes steps to ensure that other customers do not have to endure similar challenges in the future.

0
Replies (1)
Capitec Bank
Capitec Bank's reply09 Sept 2025, 18:41
Official
Good day tsholofelo, Thank you for letting us know of your concern and for your patience while we explore this matter. We have assigned your query to a designated official, who will contact you within the next business day. Kind regards Capitec