NEDBANK ARE ******* DONT BANK WITH THEM

Absolute *****s ... you have debited my account *******ly and ********ly.... NO AUTHORIZATION GIVEN FOR YOU TO DEBIT MY ACCOUNT, from the 31st till now nothings been done, I want my MONEY REFUNDED you *****s.... R20000 deducted for a loan taken in 2016, that I have zero knowledge about, .... read this you ******* ...Credit providers may NOT deduct money from any of your accounts. It was declared in a judgment between the National Credit Regulator and Standard Bank handed down in June 2019 that common law "set-off," as it is known, is ********.

Even if the contract or credit agreement included such permission, it is still not lawful. No one may deduct funds from your bank accounts unless you have signed or given written consent for a debit order for a specific deduction from a particular account adequately identified.

Here is a copy of the judgment: National Credit Regulator v Standard Bank

Summary of the judgment

National Credit Act - section 90(2)(n) and section 124 - interpretation of - effect of these provisions on common-law set-off for credit agreements under the Act - Declarator granted that in light of sections 90(2)(n) and 124 of the National Credit Act 34 of 2005, the common law right to set-off is not applicable in respect of credit agreements which are subject to the National Credit Act.

I WANT MY MONEY REFUNDED AND YOU SHOULD CLOSE YOUR BRANCHES ITS WORTHLESS HAVING WHEN NOTHING CAN BE RESOLVED, AND FIRE YOUR DAM USELESS PRIVATE BANKERS.... CAPITEC OFFERS 100 TIMES BETTER SERVICE IN THERE BRANCHES ....