BK
Boniface K

1 reviews | Active since Oct 2014

31 Jul 2018, 10:12

Momentum is slower than government in honoring payments

I have an investment portfolio with momentum and unfortunately I had to do an early cancellation in order to get the cash back from my investment to fund for a property that I'm currently in a process of acquiring. The early cancellation policy from momentum states that funds will be deposited within 5 - 7 working day, however, in my case I'm on my 9th day with no luck in getting my money back and busy having to call momentum on a daily basis which is getting really frustrating. Momentum doesn't have sound practices as they can't even honor their own published timelines in respect of making sure that there's least impact on the customer. This also shows that Momentum doesn't care about treating the customer fairly and also taking the customers situation seriously. I'm totally disappointed with momentum and don't see myself conducting any business with them in future.

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Replies (3)
Momentum (SA)
Momentum (SA)'s reply31 Jul 2018, 10:30
Official

Thank you for taking the time to inform us of your concerns. I am truly sorry for the delay in finalising your cancellation request. I have now escalated your request and will provide you with feedback shortly.

Kind regards

CK

BK
Boniface K's update31 Jul 2018, 14:50
Reviewer Update
I guess one always has to go to complaint sites before any action is taken to remedy bad situations. Thanks, finally I get my money back but nothing else but an apology for the inconvenience caused.
BK
Boniface K's update31 Jul 2018, 14:50
Reviewer Update
I guess one always has to go to complaint sites before any action is taken to remedy bad situations. Thanks, finally I get my money back but nothing else but an apology for the inconvenience caused.