JB
Jerome B

1 reviews | Active since Jan 2018

02 Nov 2022, 13:59

SHOCKING INVESTEC SERVICE - MONEY IS NOT SAFE THERE

On 13 October 2022, I fell for a smsishing **** where I entered my credit card details for what I believed to be a SA Postal Service fee for international taxes. The amount was for R25.99 but naturally a sudden much larger amount went off. However, no second factor authentication occurred. As I was logging in to the app to see what was going on I received another SMS to say another massive amount of money had been deducted. AGAIN: no second factor authentication happened. When I phoned Investec to cancel my card I informed them that what's shocking is that no second factor authentication happened. After Investec's ïnvestigation" they informed me that I did indeed approve these massive amounts using my Biometrics. I told them I was happy to send them my phone for analysis. I did not approve the transactions. I gave them the screenshots I took at the time (because I was nervous the post office was going to do multiple deductions of R25.99). I had nothing to hide and was not embarrassed that the site was linked to known ******* activity. Investec has simply maintained that I authorized it and there was nothing more to do. They said they did request a refund from the merchant, but when I asked for proof of this they could not provide it. I asked for an exact time-stamped sequence of events to see if the app could be hacked while I had the ********** link open. All my concerns have been summarily dismissed. My family spends ~R800 per month on bank fees with Investec and this is the level of shocking service you can expect. They cannot be trusted. Next stop: ombudsman

0
Replies (3)
Investec
Investec's reply02 Nov 2022, 15:24
Official
I'm sorry to hear that you were ****med. I will speak to the complaints team and get back to you as soon as possible.
Investec
Investec's reply03 Nov 2022, 08:21
Official
We have spoken to the complaints team and they have emailed the final verdict of your complaint. I'm afraid there is nothing more that we can do. Your private bankers are aware of what has happened.

JB
Jerome B's update03 Nov 2022, 08:33
Reviewer Update
"Nothing more that we can do"
You did nothing to try to recover my money (except asking the ******* to please return it - without being able to send me proof of your supposed attempt to ask the ******* nicely).
You did nothing to report the crime.
A complaint was filed "on my behalf" - I didn't even get the opportunity to talk to a human being during the complaints process. The outcome was predetermined.
Anyway - it's with the ombudsman now.