TS
Terina S

1 reviews | Active since Apr 2013

06 Apr 2026, 17:17

Updating Bank Details - an impossible task for Sanlam

I have been struggling to update my bank details since 23 March. You would think that this is a very simple request but apparently at Sanlam this is asking the impossible. First I struggled with my section 14 from Momentum which was done on 20 February and only after numerous emails back and forth, the payment was allocated.

Then I needed my bank details updated to make a two pot withdrawal. I sent emails, tried using the Whatsapp service, tried calling the call centre but after holding for 30mins the call drops.

Then on the Whatsapp channel I was first told that my documents was received and the 'back office' will update. After a week of nothing being done, a different agent tells me Sanlam cannot update bank details, my employer has to do it. I don't know how many times I have to explain that I no longer work for the company and I no longer active on their side. But all I am told is they can't do. Really Sanlam? Really?

Eventually I received an email from their complaints department saying I need to send all the proof of what I am complaining about. I sent screenshots and emails and until now, nothing. If I am already struggling with assistance now, what will happen when I am 65 and can eventually withdraw the retirement portion? You'll tell me I don't exist?

What happens when someone leaves a company and that company closes down. Who updates bank details for that client?

Please tell me what the hell I am supposed to do to have my bank details updated? And an urgent response would appreciated.

0
Replies (2)
Sanlam
Sanlam's reply07 Apr 2026, 07:51
Official
Good day  Terina  We are sorry to hear of your poor client service experience. We have referred your complaint to Sanlam Corporate. Regards
 Sanlam Client Care 
Sanlam
Sanlam's reply07 Apr 2026, 14:07
Official
This is to confirm that you have been contacted via email. Regards
 Sanlam Client Care