1 reviews | Active since Aug 2017

10 Jan 2018, 14:42

Excon letter

Am applying for a home loan with Nedbank. Now they have asked for a an Excon letter which they say i should get from my bank.After going to read about it its actually Exchange Control (Excon) or also now known as SA Reserve Bank (SARB) Financial Surveillance (FinSurv) heavily regulates the flow of funds.Reading further i discovered that its a regulation of flow of funds into South Africa.Am a permanent Resident in South Africa and all my income is made here which is seen by proof of income ie letter of employment.Can someone explain to me what this letter is for.Would appreciate if someone call me on ********** 694

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Replies (2)
Nedbank
Nedbank's reply10 Jan 2018, 14:58
Official

We are sorry about the trouble you are experiencing. We at Nedbank strive to make great banking happen for our clients. One of our resolution managers will contact you shortly to help resolve your complaint.

Kind regards

Client Experience Team

's update11 Jan 2018, 14:07
Reviewer Update
Good day I am still waiting for someone to get back to me regarding my query above. Regards Pasi