JD
JACKIE D

1 reviews | Active since Nov 2021

06 May 2022, 12:05

WITHDRAWALS - PAYOUTS TAKE TOO LONG

TURNAROUND TIME FOR WITHDRAWALS ARE TERRIBLE. SUBMITTED A CLAIM ON 28 APRIL, WAS TOLD IT TAKE 10 WORKING DAYS, WE ARE ON DAY 6 AND WAS JUST TOLD IT WILL TAKE 10 DAYS TO PAY OUT FROM TODAY. WHY DOES IT TAKE SO LONG, SARS TAX DIRECTIVE HAS BEEN ISSUED, IT IS NOW IN FOR FINAL APPROVAL ONLY? WHAT IS THE DEAL WITH THIS? HOW CAN THIS PROCESS BE FAST TRACKED.

0
Replies (7)
Sanlam
Sanlam's reply06 May 2022, 12:13
Official
Dear Jackie

We are sorry to hear of your experience with us. We have escalated your matter to the relevant department for further investigation. 

Regards
Sanlam Client Relations 
JD
JACKIE D's update06 May 2022, 12:15
Reviewer Update
Good day,

I need to know why it takes so long? and why does the time frame change, this is not the first claim that we are waiting on payment for. they say ten days, but then it takes 3-4 weeks. Surely this is unacceptable? Is Sanlam trying to make interest of their clients money?
JD
JACKIE D's update06 May 2022, 12:23
Reviewer Update
and its business days, this just seems a bit excessive, and if the funds have been released, which they have, why must it wait for further approval from a supervisor which takes 48hrs, then go to financial department for a further 48 hrs, come on work faster. Why is the process so slow?????

JD
JACKIE D's update06 May 2022, 12:24
Reviewer Update
my pending exit payment status states claim schedule for payment date is 5/05/2022, so why is the money not in my account.
JD
JACKIE D's update06 May 2022, 12:25
Reviewer Update
and don't get me started on when you phone in, you literally on hold for 10-15 min.
JD
JACKIE D's update06 May 2022, 12:36
Reviewer Update
How long does the investigation take?
Sanlam
Sanlam's reply11 May 2022, 16:40
Official
Dear Jackie

We received feedback that your matter was acknowledged by the consultant. We are following up with them as to when you may receive further feedback. 

Regards
Client Relations