RT
Rodney T

1 reviews | Active since Dec 2019

04 Dec 2019, 13:53

Where has my investment gone?

I invested quite a large sum of money in the Bidvest Fixed deposit in 2017. After a year, I received an option letter: cash in, or re invest. I completed the reinvest option for a further year. A year later, 2019, I expect to receive another option letter. This does not arrive. I queried this with the bank, providing confirmation proof of sending the 2018 letter, and receiving the confirmation of the reinvestment until 2019. I was told that they could not find that account, and that the query would be 'escalated'

A month on, and no further information received, despite emails, and phone calls. I simply cannot get to talk to anyone who can tell me where my funds are. Everything just goes quiet.

I want to know how such an investment can be so poorly handled by a responsible bank. Also, do they not care for their clients?

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Replies (1)
Bidvest Bank
Bidvest Bank's reply05 Dec 2019, 09:22
Official
 
Dear Rodney,
 
Kindly accept our apology. 
 
Thanks for making contact and letting us know about your experience. We apologise for any inconvenience caused. This matter has been referred to branch management, and they will be in contact with you as soon as they can. We appreciate your patience. 
 
Kind regards 
 
Bidvest Bank Customer Experience