BF
Brian F

1 reviews | Active since Feb 2016

25 Feb 2016, 15:41

Executors Fee OUTRAGEOUS

After receiving the First and Final Distribution account I was shocked to see that FNB charged us R351 657.90 as executors fee. After complaining about this excessive amount, I was notified that they have a right to charge 3.5% plus VAT. The bank claimed that it should have been negotiated with the bank with the drawing up of the will.This after the deceased Financial Adviser told us that there would be NO Costs, since he was a FNB customer for many years running his business and private affairs with FNB. Shame on you FNB that I now cannot negotiate a discount.

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Replies (1)
FNB (First National Bank)
FNB (First National Bank)'s reply25 Feb 2016, 15:57
Official
Hello Brian Farrell,

Thank you for taking the time to bring this to our attention. We would like to apologize for any inconvenience caused.

A formal complaint has been logged on your behalf and referred to the relevant department who will provide you with feedback.

The reference number is 876305.

Regards
Complaints Resolution
Melinda Duvenhage
Email address: ***
Tel number: *** (option one)