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Terry V

1 reviews | Active since Jul 2011

04 Feb 2015, 08:03

400% price increase in safe-deposit box rental

Ned bank has not rep**** to my previous complaint, so I have reposted it again<br> <br> How does Nedbank justify a 400% increase in the price of their safe-deposit boxes? I was paying R290 yearly for a small box and now receive a letter informing me that the new price is R1160.<br> <br> I can understand a moderate increase of 10% but 400% is absurd. Yet again the banks just fleece the South African consumer.

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Replies (1)
Nedbank
Nedbank's reply04 Feb 2015, 08:06
Official
Hello krileayn,

We acknowledge your frustration and sincerely apologise for the inconvenience. Our service experts are investigating and will be in contact soon.

Kind regards

Client Experience Team