I am a former Nedbank employee with 25 years of service

I am a former Nedbank employee with 25 years of service. I resigned on 29/10/2026.

Within 24 hours of my last day, Nedbank removed my Revolving Credit Facility (RCL) - Limit and reduced to R0 - with absolutely nothing in writing.

No Section 123 notice (10 days) as required by National Credit Act 34 of 2005. No written reasons. No SMS or email.

My RCL account was in good standing, not in arrears, not over limit.

I only found out when my card declined. I have suffered embarrassment and financial prejudice.

I have requested written reasons and proof of NCA Section 123 notice from Nedbank. #RCL #NCA #CodeofBankingPractice #Nedbank

This is in breach of: - National Credit Act 34 of 2005 Section 123 (No notice) - Code of Banking Practice (No reasonable notice) - Consumer Protection Act Section 49 (No fair notice)

I want Nedbank to: 1. Provide the Section 123 notice they claim to have sent 2. Reinstate my RCL at normal public rate (not staff rate) with origina