AW
Arno W

1 reviews | Active since Mar 2024

11 Mar 2024, 19:38

Capitec's online banking application for businesses: is terrible.

Feedback on Capitec's online banking application for businesses:

Upon creating our company account through the mobile app, we encountered a significant issue where the registered company name was incorrect, being the director's name instead. Despite reaching out to Capitec's business support for assistance, we were informed that correcting the name was not possible. Instead, we were instructed to create a new company profile, with the assurance that our funds would be transferred upon request. This raises several concerns:

How was the original company name accepted without verification against CIPC? Why is it impossible to rectify an incorrect company name, especially considering legal requirements for accurate business documentation? Shouldn't Capitec verify company names as mandated by law? Unfortunately, our troubles escalated after creating the second company profile. Despite numerous attempts, approximately 10, to create a digital ID for the new profile, we faced persistent obstacles. Capitec offered various explanations for the issue, yet the problem remains unresolved.

The user interface (UI) of Capitec's online banking for businesses is notably inconsistent:

Managing beneficiaries is cumbersome and unstable, resulting in a frustrating experience. Multi-payments functionality is erratic, occasionally leading to loops and inefficiencies. Overall, the functionality and reliability of Capitec's online banking application for business fall short of expectations, highlighting the urgent need for improvements to ensure a smoother and more reliable banking experience for its users.

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Replies (1)
Capitec Bank
Capitec Bank's reply12 Mar 2024, 19:15
Official
Good day Arno 

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 Bank