RZ
Renier Z

1 reviews | Active since Nov 2011

07 Feb 2018, 13:55

Staff at Momentum Collective cannot find email

I have submitted a withdraw instruction online. I get an email from Momentum for FICA documentation, which makes no sense as they run a debit order from this account, but oh well.

I sent the document three times. I call today and get told that my Proof of residence is missing.

This is unacceptable. I do not appreciate being treated as if i am stupid. Stop playing games and pay me.

0
Replies (6)
Momentum (SA)
Momentum (SA)'s reply07 Feb 2018, 13:58
Official

I appreciate you raising your concerns with us. They are indeed very disappointing and we certainly letting you down. We will investigate and I can assure you that a manager will contact you.

Regards,

N D'Arch

Momentum (SA)
Momentum (SA)'s reply08 Feb 2018, 09:16
Official

Dear Mr van Zyl,

Our Collective Investments department confirmed that all the necessary FICA documentation was received. However, in terms of our business process, in the event of a full surrender, we need to hold back the last two debit orders in case they are returned by the bank as unpaid.

Our Collective Investment department advise that the tried to telephone you yesterday at 16h05, but were unsuccessful in getting hold of you. An email was dispatched to you instead enquiring whether the R679.74 could be released in te interim and that he two remaining debit order amounts could only be released on 12 February and 12 March respectively. We are still awaiting your response.

Kind regards,

N D'Arch

RZ
Renier Z's update08 Feb 2018, 09:35
Reviewer Update
I tried to call back at 4:30, to be told that your staff have left for the day. I have not received any email from Momentum since 1:05PM, which was an automated email. So Kindly confirm at exactly what time this email was sent to me AFTER you failed to contact me at 16h05? If you are going to publicly say things, I suggest you get your ducks in a row before you post.
Momentum (SA)
Momentum (SA)'s reply08 Feb 2018, 09:40
Official

Dear Mr Van Zyl,

The Collective Investments department did forward a copy of the automated email to me - the email was dispatched at 4.26pm to ******

"Dear Mr Van Zyl

 With reference to the below email, I tried to contact you at 16:05 today unfortunately there was no answer.

 Kindly confirm whether we should proceed to release the below mentioned amount of ***x the other 2 debit orders are on hold for 40 days and will be released on the ******xx respectively, I’ve attached the new terms and condition for ease of reference regarding the 40 day waiting period on debit orders.

 Do not hesitate to contact us should you require further assistance.

 Kind regards

  
Unathi File
 Partner Servicing
 Investments
  
Tel:  +27 (0)860 111 899
 Fax: +27 (0)12 ***
 Email: *** ".

 

Mr van Zyl, I have asked Unathi to phone you again this morning.

Kind regards,

N D'Arch 
 

 

RZ
Renier Z's update08 Feb 2018, 09:44
Reviewer Update
Hi N D'Arch , Please forward this mail to me, I would like to see for myself that it was sent. Because it is not in my inbox.
RZ
Renier Z's update08 Feb 2018, 09:52
Reviewer Update
I have just spoken to Unathi. She has just telephonically confirmed that the mail was not delivered to my email as she received a bounce back mail. I have also listed 2 concerns with her that i want addressed before i continue to speak to Momentum on this matter.