CT
Cindy T

1 reviews | Active since Jul 2018

29 Dec 2023, 09:09

RMB Deceased Account Closure

I am compelled to share my extremely frustrating experience with Rand Merchant Bank (RMB) regarding the management of my deceased father's estate. Initially, the private banker showed efficiency, but once the account closure process began, the service plummeted.

I submitted a detailed closure request on May 3, 2023, including a transfer of the remaining R5,000 credit. Despite follow-ups, I've received no confirmation or updates. In July, a Fiduciary Administrator prompted me to open a late estate account, to which I comp**** with. However, my efforts to confirm the receipt of information have been met with silence.

Numerous calls to the call center, promises of escalation, and even threats of legal action yielded no resolution. Mr. A. Romain, supposedly a manager, never reached out. This lack of responsiveness and disregard for a relatively small amount is appalling.

I am thoroughly dissatisfied with RMB's handling of this matter, and I implore them to address it promptly. This review serves as an expression of my frustration and disappointment with their service.

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Replies (1)
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Cindy T's update19 Jun 2024, 10:00
Reviewer Update
An update nothing has come of the original complaint, initially there were calls of apology and promise to resolve the matter but the funds have still not been returned and I continue to incur account fees on the late estate account while waiting for return of funds. I have not closed the late estate account in view if I do, FNB will tell me they cannot pay the outstanding funds into my personal account.