YM
Yonela M

1 reviews | Active since Nov 2017

14 Nov 2017, 16:09

Won't pay savings out 1 month after the date nominated for payout

Hi,

My mother recently retired and has an account with Capitec.

She opened a savings account and nominated for it to pay out in October - it is now November and every time she goes to the branch in Mthatha central she was first told the bank does not have funds and that they would let her know when they will pay her money - she escalated to the manager who was due to process it but between them having them a death in the family and needing time off ( because Capitec has one manager who can approve releasing of funds apparently) they have now returned asking her to give them 7 days as they have a lot to catch up with.

My mother is stressed beyond words because she does not work and has a reason for nominating that her money be paid in October. We have since had a death in the family due to burial this Friday and she is unable to make any arrangements due to this hold up.

We are looking into getting legal counsel on the matter but i am honestly disgusted that every Sunday we see how the bank sponsors idols but cannot pay clients monies back.

0
Replies (2)
Capitec Bank
Capitec Bank's reply20 Nov 2017, 16:13
Official

I acknowledge your posting, and have referred it to Alfonso Florence for immediate attention.

Feedback will be provided within 5 working days, and I trust that this situation will be resolved to your satisfaction.

Complaint Management
Capitec Bank

Capitec Bank
Capitec Bank's reply21 Nov 2017, 15:27
Official

Good day Yonela

I refer to our telephone conversation of earlier and advised that the matter has now been resolved and will be closed

If you have any further enquiries do not hesitate to contact us directly

Kind regards

Capitec Bank