PN
Pat N

1 reviews | Active since Dec 2012

07 Sept 2016, 06:26

PROMISES NOT KEPT - NO PAYMENT MADE INTO MY ACCOUNT

<p>This issue has been going on since February, at last after I escalated the matter to the Fais Ombudsman an agreement was reached that I would be paid part of the money I have invested. All the necessary paper work, (bank statement and copy ID) were sent to the Ombudsman who subsequently forwarded them to Momentum. This was 2 weeks ago. Last week sometime I got permission from the Ombudsman to find out from Momentum when the payment would be made into my bank account. I got an email response from Lenelle who advised that the payment would be in my account yesterday the 6th. I checked in the morning it was not there. We started exchanging emails throughout the whole day where she even send me proof that the payment had been done. It was not showing in my account, she then said she would find out from their finance department why the payment had not been processed urgently as she had indicate to them. Due to my previous experience I suggested to her that somebody calls the bank and ask them to release the funds urgently as I needed them. Nothing happened. This morning I check my account still no deposit made, this has resulted in some of my debit orders being returned, what is the problem, Momentum is a big organization can’t they really honor their promise, where is the hold up?. I would not have fought this for so long if I was not in need of this money. Can somebody please help?</p> <p> </p>

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Replies (3)
Momentum (SA)
Momentum (SA)'s reply07 Sept 2016, 06:41
Official
I am sorry that you received inferior service from Momentum. I know how frustrating it can be and I appreciate your making me aware of the situation. To solve the problem, I can confirm that a manager will phone you soon. Kind Regards Floraine van Buuren
Momentum (SA)
Momentum (SA)'s reply07 Sept 2016, 11:15
Official

Dear Ms Ndima,

As disussed telephonically - the payment made to your bank account was returned by the bank - we therefore re-deposited the funds to your bank account this morning. Unfortunately I did not receive this query in time to intercept and request an immediate payment. By the time I managed to get hold of our finance department, payment had already been approved and has left our account. The funds should therefore only reflect at midnight in your account.

I have also sent you an email with a copy of the EFT slip - if there are any further problems, please call me directly per the details on my email, and I will take the matter further.

Kind regards,

Nicolette D'Arch.

Momentum (SA)
Momentum (SA)'s reply08 Sept 2016, 09:10
Official

Dear Ms Ndima,

I verified with our Finance department that the payment was successfully made and cashed into your bank account last night.

I hope that this matter has been resolved to your satisfaction.

Kind regards,

Nicolette D'Arch