TP
Tanya P

1 reviews | Active since Feb 2010

24 Jan 2023, 14:30

Communication Lacking with regards to Forex Payments TO Discovery

I became a Discovery client in July 2022, and in September 2022, I received an email from my Uncles attorney’s requesting bank details for them to make a payment from the UK (Inheritance). I contacted Discovery Bank and asked if it was possible for money to be paid to my Discovery Account from the UK. I was told that this was possible. I then sent all the relevant documentation to the Attorney’s in the UK. Bank details, bank statements, etc.

On Monday the 23rd January 2023, I received an email that the Attorney’s were doing the electronic payments. On Monday evening I saw that there was a pending amount, and I called Discovery Bank to check if this was from the Attorney’s. It was confirmed that this was in fact from the UK, and I needed to wait until morning before I get a notification to release the money. Tuesday 24 January, I called Discovery Bank and was told that the money is still pending, and should be released in the next day or 2. 5 minutes after that call I got a message and an email telling me that the payment was rejected, and returned to sender. I called the call centre again and was told “Oh but you cannot have foreign currency paid to your transaction account, you have to open a GBP Forex Account for this payment.” Needless to say, I am extremely unhappy about this. Why was I not told about this in September last year? Now, I have to re-courier all my paperwork to the Attorney. I will incur the costs of the payment that needs to be redone, the courier, the time wasted. I am beyond furious, and beyond disappointed with Discovery Bank at the moment!

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Replies (5)
Discovery Bank
Discovery Bank's reply24 Jan 2023, 15:26
Official
Hi Tanya

Please acknowledge this as receipt of your complaint. 

I do apologise for the service you received, it is correct to say that you need to open a forex account to receive your forex payment, the currencies need to match.

I will look into why this happened, so that this does not happen again in the future.

Regards
Khanyi

Discovery Bank
Discovery Bank's reply25 Jan 2023, 07:50
Official
Hi Tanya

I'll find out why you were not informed about this and further investigate so that this does not happen again in the near future.

Regards
Khanyi
TP
Tanya P's update02 Feb 2023, 19:45
Reviewer Update
Second attempt has been done today. Into a GBP account. I’m a little concerned obviously, I see it’s pending (again). I will be calling again tomorrow to check the progress. Perhaps feedback on Discovery side would be appreciated.
Discovery Bank
Discovery Bank's reply03 Feb 2023, 10:21
Official
Hi Tanya

Please acknowledge this as receipt of your complaint. 

I'll look into your GBP forex query and assist further.

I do apologies for the inconvenience caused.

Regards
Khanyi


Discovery Bank
Discovery Bank's reply03 Feb 2023, 10:23
Official
Hi Tanya

Please acknowledge this as receipt of your complaint. 

I'll look into your GBP forex query and assist further.

I do apologies for the inconvenience caused.

Regards
Khanyi