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mikiya M

1 reviews | Active since Jul 2012

07 Feb 2025, 14:18

Funeral Policy in arrears due to your system error.

On the 4th of January 2025, I went to a branch in Carlton Centre and added my extended family on the Funeral policy I have with your institution, policy number CF***0. My premium changed from R 248.50 to R 420.50. On the 7th of January 2025, I received a text message notifying me that my premium for January will be collected on the 8th of January due to an error and I was also advised that the issue has been resolved as per the text message. On the 1st of February 2025 I was charged R 7.00 debit insufficient funds fee which is unfair, and I want a refund. I then went into my banking app to view as to what was the problem, when I went to the policy, I noticed that my funeral policy was in arrears for an amount of R 1 089 .50 and the breakdown as follows 2 months outstanding 1 Feb 2025 R 841.00 1 Feb 2025 R 248.50 Total arrears R 1 089 .50 I then went back to the bank and logged a query, and I was given a *** however I was not given a turnaround time and today again I called the customer service and another ***, yet again I was not given a turnaround time. I was advised that it's a system error. I now have a funeral policy in arrears that I can't settle the arrears due to your system problems and a debit charge. CAN I GET THIS SORTED ASAP.

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Replies (2)
Capitec Bank
Capitec Bank's reply07 Feb 2025, 14:35
Official
Good day Mikiya , 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.
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mikiya M's update10 Feb 2025, 11:31
Reviewer Update
Hi,
Please be advised that I went to my banking application, and I found out the R 248.50 has been removed from my premium, however my policy still remains in arrears. It says I have to pay R 841.00 instead of R 420.50.
How can my premium be R 841.00? can someone please unpack that for me.