CN
Chriseldah N

1 reviews | Active since Apr 2026

28 Apr 2026, 12:28

Unpaid payment part withdrawal

I took out an investment that allows partial withdrawals. On 14 April, I app**** for a partial withdrawal due to an emergency and was told it would take five working days. I followed up on 20 April, only to be informed that the payment had failed because the account they used had been closed by Old Mutual. This was concerning, as I had already raised this issue on 14 April, but was assured that everything had been verified and was in order.

On Tuesday, 21 April, I called again to follow up and was asked to submit my ID, five signature specimens, and bank account details, which I promptly did. Then on Friday, I received a WhatsApp message asking me to confirm which banking details they should use—despite the fact that I had already provided a bank confirmation.

On Tuesday, 28 April, I called once more and was told that the payment is now waiting to be authorised.

It has now been 15 days, and the urgent need I had for the money has already passed. This is not the first time I’ve experienced delays like this. I previously had another investment policy with them, which I cancelled in February, but only received my funds in April.

I gave them the benefit of the doubt, but I am disappointed again. I requested access to my own money—not a loan—yet it has been extremely difficult for them to assist when I needed it most.

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Replies (1)
Old Mutual
Old Mutual's reply28 Apr 2026, 12:32
Official
Good day,

We acknowledge receipt of your review and sincerely apologise for the service experience you encountered. We are committed to investigating this matter thoroughly and will make direct contact with you during business hours should further information be required.

Kind regards,
Old Mutual Complaints Management