kM
kabelo M

1 reviews | Active since Apr 2011

26 Feb 2025, 10:27

Horrible service from Moment Funds At Work!

Having a horrible experience with Momentum Finance, I made a funds at work withdrawal in January, it takes 26 days to process and finalise payment, payment was made in time but for some reason the payment was rejected by my bank and returned to Momentum, that’s when the nightmare started, I called momentum to sort this out, I was assisted by Sulaimaan who specifically said I should just send alternative banking details which I did, and the payment would be processed after verification which shouldn’t take longer than a day, this was on Monday 17 February 25. I sent all documents, he confirmed that he had attached the relevant document to the case. I followed up on Wednesday 19th and was assisted by Luchelle Marupeng who has been of no help at all, she said the payment was not being released because there was an issue with IT, she assured me that once the call has been resolved payment will be released, thereafter I received no update from her, I called and emailed on Friday and she nonchalantly just said she is waiting for feedback from IT, I have never heard of an IT department that takes that long to resolve an issue, i asked to speak to her manager, she refused and said her manager will call me, till date I have not receive a single call, I called on Monday and spoke to Sulaimaan, he said he couldn’t access the case as someone else(Luchelle) was working on it and she would have to sort it out, even went as far as saying “I really hope you come right” which was alarming because he didn’t sound confident, I emailed Luchelle and received an automated response saying she is on leave until March, It’s now Wednesday, I’ve emailed Momentum complaints, no response, I’ve requested to speak to management, no response, I've emailed corporate clients, no assistance. This has been the most frustrating experience ever!!!!

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Replies (4)
Momentum (SA)
Momentum (SA)'s reply26 Feb 2025, 11:42
Official
Kabelo

We note the content of your HelloPeter - posting, and we have alerted the relevant fund manager of this, on your behalf.

They will be in contact with you soon.

Kind regards

EdB 
kM
kabelo M's update26 Feb 2025, 18:14
Reviewer Update
It doesn’t help to get them to call me and tell me the very same thing I have been told since last week, I actually believe it’s better if you don’t respond at all because at this point it’s patronising. Sulaimaan your consultant called me after my hello Peter post to tell me they have escalated the issue once again, and they wish me good luck with the case, these were their words, “I hope IT is able to resolve this”, so much for confidence in your own internal systems. Again, Tanja Nel, the admin manager refused to talk to me when I requested her, told her consultant to tell me that she is busy in a meeting, I then said I will be driving to the offices to get this resolved, she got her consultant to call me and tell me she will not be available to meet me as at first the consultant said she would be working from home, then later contradicted himself and said she will be attending a conference till Friday, IT’s apparent response to their own team is they are unable to pick up the funds in the system lol, the most ridiculous experience I have ever encountered.

I repeat do not do business with Momentum, do it at your own peril, they will not pay!!!!
kM
kabelo M's update26 Feb 2025, 18:20
Reviewer Update
Looking at the number of people who are complaining about the same experience and service, it’s best we all take this frustration to twitter, maybe more people will express their dissatisfaction, make the company trend, it’s unfortunately the only way to hold such companies accountable. Let’s all 3759 unhappy clients take our voices to twitter!!!
Momentum (SA)
Momentum (SA)'s reply27 Feb 2025, 09:50
Official
Noted.