SR
Shaun R

1 reviews | Active since Mar 2015

31 Jul 2019, 15:39

Slow Lounge Con/benefit

I am currently in the process of disputing charges for 2 visits to the slow lounge, each visit was charged at R250. I have a platinum account with FNB and according to the team of bankers to access the slow lounge for free you need to make specific transactions. This is fair... well a higher banking fee for the account and then the need to spend a specific amount... That aside if you visit the lounge the expectation is you should know if you met the criteria and if you will or won't be charged. That seems like there is an intent to always charge a client either by means of the transaction cost to qualify or by not notifying them that they will be charged. This seems like a very ********* practice and upon questioning the team of bankers and seeing their defense I can see it is just that. A very underhanded method to ensure that FNB profits from a so called benefit. I would prefer if I was informed if I did not meet the criteria and have the option to either pay for the visit or walk away, that would be a fair system.

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Replies (1)
SR
Shaun R's update07 Aug 2019, 15:16
Reviewer Update
I have received a reply from Jacky Bela on the 03/08/2019 stating the criteria to qualify and the fact that the Code of Banking Practices protects FNB by placing the responsibility to check if you qualify for free visits and only requires FNB to make their rules available. I rep**** on the 05/08/2019 to state that I do not believe that this is in the best interest of clients and it does not seem to be in accordance with TCF. Furthermore had it been a product such as an endowment would FNB only notify a client of penalties for early withdrawal upfront or also at the point of them trying to do an early withdrawal to make them aware of the consequence. It would seem FNB is happy with the current arrangement as it is favour of them rather than the client, and whenever they are challenged they can use the Code of Banking Practices to continue the unfair behaviour.