TM
Tebello M

1 reviews | Active since Feb 2016

02 Jul 2020, 14:09

Charges for recalling funds

Unfair recall charges

0
Replies (3)
TM
Tebello M's update02 Jul 2020, 14:20
Reviewer Update
I made a payment to a closed account on the 09 June 2020. I was not aware that the account had been closed for some time. I have asked the person I was making a payment to, to visit his bank and they have confirmed that the money does not reflect in the account as that account no longer exists.
Capitec says the money is lying somewhere with the external bank and they will try to retrieve the amount and they will charge me R150 however they do no guarantee that the money will be refunded.
When I initially reported this 2 days after making this transaction I was told the money will bounce back if the account is closed. Now they want to charge me R150 to recall the money yet they can't guarantee that the money will be reversed. I fail to understand why am I being charged if they might not get me my money back.
Capitec Bank
Capitec Bank's reply02 Jul 2020, 16:45
Official
I acknowledge your posting, and have referred it to Complaint Management for immediate attention.
 
Feedback will be provided within five working days.  I trust that this situation will be resolved to your satisfaction.

Kind regards
Capitec Bank
Capitec Bank
Capitec Bank's reply06 Jul 2020, 18:42
Official
Good day Ms Makintane As discussed telephonically, I confirm the matter has been dealt with. Kind regardsComplaint ManagementCapitec Bank