MS
Munisha S

1 reviews | Active since May 2019

29 Oct 2019, 12:55

Disappointing service by Standard Bank

This is a review of a previous complaint lodged by me, concerning an investment with standard Bank. My issue was not resolved, however they did give me a hearing and provided all the documents pertaining to the investment, previously not seen by myself. On reviewing the documents, I discovered that the first part that was supposed to be completed by myself to determine if the investment suited my needs, was actually **********ly completed by a consultant, Sandy Sobramomey. The information was incorrect and was very clearly falsified to make me a suitable candidate that benefited her handsomely. Unknowingly I completed the rest of the documentation. As a result, Standard Bank refused to resolve my issue. However, they mentioned to me in an email that they realised that the employee acted **********ly and took the necessary measures to reprimand the employee, without going into detail. I entered the contract based on the misrepresentation by their employee, whom they admitted acted **********ly but my situation remained unchanged. The ombudsman said that they could not intervene because it took place longer than 3 years ago. I am a client of standard Bank for over 35 years and I am most disappointed with the outcome.

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Replies (1)
Standard Bank
Standard Bank's reply29 Oct 2019, 14:39
Official
Thank you for posting your comment.
We assure you that as an organization we are committed to providing the best possible service and assure you that this will be addressed as a matter of urgency.  
We apologize for the inconvenience and undue frustration, this has caused.  
We greatly appreciate your continued support 
Kind regards 
Complaint Resolution Centre
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