GV
GayleH V

1 reviews | Active since Aug 2025

11 Mar 2019, 16:07

Nedbank has cost their client R538,49!!!!

<p>I contacted Nedbank with regard to an increase in my overdraft or a personal loan. I was advised that Nedbank was happy to grant me a consolidation loan and pay off a loan with another financial institution. This was done on 18th December 2018 but as Nedbank did not obtain a formal settlement figure or advise me that I should contact the other institution regarding the settling of the other loan by them, I incurred additional charges of R538,49. When I complained, Maybe&nbsp;**** said that the loan documents I signed say it is my responsibility to discuss this with the other institution. I was not told to read the documents that I signed. At no time did Nedbank advise me of any responsibility to do this, and they were fully aware that I left the matter in their hands. I was in regular contact with them telephonically and via email, and not once, even when I queried the deduction of additional payments after the loan was paid off did they advise me that I should have contacted the other institution. Effectively MY BANK HAS COST ME R538,49 and I want them to refund me. Why should I be out of pocket because they did not advise me properly? I am FURIOUS. I have been a long standing customer of Nedbank and expect better service from them.</p>

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Replies (2)
Nedbank
Nedbank's reply11 Mar 2019, 16:18
Official
Dear ***le 
Thank you for raising your concerns with us. We at Nedbank continuously strive to provide great banking experiences. A Resolution Manager will contact you to address your concerns. 
Kind regards
Client Service Support
 
GV
GayleH V's update09 May 2019, 10:41
Reviewer Update
I am still waiting for someone to contact me about this. If Nedbank does not deal with me to my satisfaction, I will take my business elsewhere. it is unacceptable to me, your customer, to have my issues ignored, and to be fobbed off with a response via email to read the contract ... which I was not given the opportunity to do. I do not believe that Nedbank advised me properly, and to say the contract says the figure will be taken from the Bureau does not absolve you of the responsibility to advise me that, since you undertook to do the entire thing from start to finish, I would personally have to request closure of the loan account. You still owe me R538,49 and until this is refunded to my account, I WILL NOT LET THIS MATTER REST!!!