1 reviews | Active since Jun 2015
They said 10 working days
I decided that I wanted to cancel my discovery investment policy. I was told that I would receive my money in 10 working days. I submitted all documents to them on the 27th of November. I waited for that 10 working day period and I have not received my money. Not a single cent of it. Discovery did not send any communication that I should expect a delay. I had to make a follow up and I was informed that I may have to wait upto 3 additional working days before I get my money.<br> <br> The problem I have now is the plans that I had for that money is specific to this weekend. Now I will probably be unable to proceed with these plans because of them. Even if I receive this money on Monday, it doesn't help me as the money was specific to this weekend.<br> <br> This is poor on there side. I made follow ups with Discovery in the build up to this and I was told that everything is on track and actually not a single cent was paid to me.<br> <br> If Discovery Invest misses deadlines that it sets for itself then perhaps I need to reconsider my medical aid plan with Discovery.
Thank you for your comment.
We received your instruction on Monday 30 November which was captured for processing on Monday 7 December. While your payment was pricing against the market unit prices, we received a bank notification as explained to you, which resulted in the change to your payment. We then needed to reverse the transaction and reprocess it.
The payment has since priced and released today. Unless there is a delay on the bank transfer times, you should have the funds in your account tomorrow morning.
Please do let me know if I can help you with anything further.
Regards
Rene
Thank you for your comment.
We received your instruction on Monday 30 November which was captured for processing on Monday 7 December. While your payment was pricing against the market unit prices, we received a bank notification as explained to you, which resulted in the change to your payment. We then needed to reverse the transaction and reprocess it.
The payment has since priced and released today. Unless there is a delay on the bank transfer times, you should have the funds in your account tomorrow morning.
Please do let me know if I can help you with anything further.
Regards
Rene
