RW
Ruan W

1 reviews | Active since Nov 2020

10 Nov 2020, 15:04

Declined card payments. No support. No Forex allowed.

After spending half an hour on the phone with FNB, being redirected to several unrelated departments and then disconnected, calling again, they finally told me that my transaction was rejected with a "Do Not Honor" message, because IC Markets (an established forex broker) has been classified as a "gambling" institution. They were unable to help me with unblocking the payments.

I take it that FNB has declared all forms of foreign exchange as gambling. Forex is ******* now because we said so.

Skrill is now also banned.

FNB does not want you to send your money abroad. It's bad for business. Where's the liquidity?

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Replies (1)
RW
Ruan W's update11 Nov 2020, 09:59
Reviewer Update
Contacted me to confirm, yes, Forex is no longer allowed. Thanks for nothing.

Of course they still mentioned that Forex is in the same category as gambling. "International Online Trading/Betting/Lotto and Gambling"

No help given. I will be downgrading my account.