ZQ
Zandile Q

1 reviews | Active since Sept 2014

11 Dec 2022, 08:00

Old Mutual is a **** when you want to withdraw your investment, they give you a run around

On the 12th of November went to Old Mutual branch in Menlynn to withdraw my investment, they told me all branches were offline and should do it on their WhatsApp app. The app gave me problems and on the 19th November I went back to the branch to do it at the branch. I was told my money will be deposited in 5 days, and when following up I wad told 15 days. 15 days has come and gone, still no money. Calling their HO is a hustle, they keep you on hold and drop the phone. Calling the Menlynn branch, they tell u they will get back to you and dont get back to you. I have been at their branch a couple of times and no help. Its like I'm asking for a loan, meanwhile its my savings. I was saving this money for my 5th anniversary gift and can't access it, I'm frustrated

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Replies (3)
ZQ
Zandile Q's update11 Dec 2022, 11:28
Reviewer Update
Thank you for your fast and prompt response 👏
ZQ
Zandile Q's update13 Dec 2022, 06:28
Reviewer Update
I still did not receive my investment deposit from old mutual no did I receive a phone call from them. This is my money I have been saving for my child's 21st birthday due soon, what do I do. Last year i cashed in an investment with old mutual of a huge lumpsum and got it within 7 days, that was in the Durban branch, I don't know if doing it in Gauteng is different. I desperately need my money. Please DONT USE OLD MUTUAL TO INVEST. I'm scared as our life cover is with them, they won't pay.

ZQ
Zandile Q's update14 Dec 2022, 12:00
Reviewer Update
If anyone has an investment with Old Mutual please transfer somewhere else, they are not giving me withdrawal on my investment and keep on saying they have escalated. I had plans for the money. No wonder someone left a corpse in their offices when they did not pay out the funeral benefit.