FNB WILL NOT CLOSE DE-REGISTERED BUSINESS ACCOUNT

REF *** - We have voluntarily de-registered a business and formally instructed FNB to close the business bank account. FNB insist that the business must be re-registered then the account can be closed then the business can be de-registered again. A totally illogical attitude based on a technicality. Please let common sense prevail and just close the account. I will now have engage with the Banking Services Ombudsman. See FNB correspondence below. -----------------------------------------------

Hi Thapelo,

Thank you for your reply.

It does seem a waste of time, money and energy to apply to have the Company re-registered, the bank account closed and then apply for de-registration again. Do you agree?

As you rightly point out the company does not exist anymore so how can it have a bank account?

It would also be wrong for FNB to continue to levy monthly charges in this regard.

Would you please reconsider our request.

Thanks and regards

From: *** <***> Sent: Tuesday, July 16, 2019 10:56 AM To: Subject: GOLD BUSINESS ACCOUNT for .........LTD -[External Email] [REF:***]

Good day

Hope this email finds you well

Unfortunately, we are not able to proceed with the account closure request. The company will have to be re-registered. Based on legislation, the effect of de-registration is that a company is deprived of its legal existence. The account holder (the de-registered company) has to apply for re-registration as contemplated under the Companies Act 2008. An updated registration certificate will need to be provided to the bank to process the closure request. Kind regards Thapelo Sesoko