1 reviews | Active since Jul 2023
Unable to open business account after 6 months
I am a foreign investor from Italy and have a registered company in South Africa. I was able to open a personal bank account with FNB in a matter of 1 day yet opening a business account seems to be beyond their abilities. The process started over 6 months ago and the account was opened allegedly in June 2015. I am still unable to use the account as it is not activated. FNB Business Banking do not communicate with me, the client & investor, and it takes me physical visits to a branch to find out what is going on. Every time, they simply request me to resend documents that I have sent numerous times. Documents go missing between the Willowbridge branch and Business Banking in Jhb, or they request documents for company members with less than 25% shares. And so it goes on and on. Always another document missing yet they never inform me directly. And I can never speak to a business banker face-to-face: they do not exist. <br> How are foreign investors supposed to trade in South Africa if this is how your banks treat us? <br> This has been escalated by the Willowbridge branch to CEO level apparently but still no resolution.
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 845978.
Regards
Complaints Resolution
Amukelani Ngobeni-Chauke
Email address: ***
Tel number: *** (option one)
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 845978.
Regards
Complaints Resolution
Amukelani Ngobeni-Chauke
Email address: ***
Tel number: *** (option one)
