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flynn P

1 reviews | Active since Apr 2013

25 Apr 2018, 21:50

Is Standard bank private bankin

Being a client for 30 years with Std bnk, having 2 house bonds with them and a 3rd bond with SA Home loan,my CREDIT RECORD HAS BEEN EFFECTED due to Standard bank canceling one of my bond accounts. I work out of the country a lot. It is so strange that the home loan department does not take time to update my private banker about the a shortfall on a property that I sold. A shortfall of R 79 618.00 has effected my new bond application (Bank submission ref: ********** ) yet Std Bnk allows me R100 000.00 Revolving credit. Although I have never defaulted with any of my bonds held with Std Bnk one simple communication error that the bank could have used is contact Tyger Manor branch my private banker. This simple issued could have been avoided. Akani Mathebula with regards to Ref ********** 29 your department should made other means of communication if people like me that travel cannot access telephone calls, Customers like myself pay Std Bank fees to have a private banker to assist clients like myself however it shows that having Standard private bank privileges don’t always work look at what has happened to me. Is the fee of R348,03 per month for private banking worth it, look what has happened to me. Std bank has decline my 4th bond application because of a shortfall that could have been easily dealt with. Absa has offered me a bond I don’t even bank with Absa.

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Replies (3)
Standard Bank
Standard Bank's reply26 Apr 2018, 04:49
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. Kindly provide us with your account or id numbers in order for us to escalate your matter further to the below email address:

- Email: ***

We apologize for the inconvenience and undue frustration, this has caused.

We greatly appreciate your continued support

Kind regards

Niyaaz Jardine

Complaint Resolution Centre
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flynn P's update27 Apr 2018, 00:03
Reviewer Update
On 26 Apr 2018, at 08:08, Mathebula, Akani A ********** wrote: Good day Kindly accept our apologies herein, the instalment was not deducted as per the agreement due to that the proceed were only received in March 2018, please note that the balance outstanding amount to R79 618.03 and should you want to make a settlement we can offer you a 50% discount valid until the 30th June 2018. Kindly confirm if you will be making a settlement or if you will be making a monthly payment. Kind Regards Akani Mathebula Recoveries officer: Home loans Post Write-off & Recoveries Credit Rehabilitation & Recoveries Tel +27(0) 86 ********** www.standardbank.co.za This was my response from Standard Bank after paying for a bond for almost 14 years, I had my Credit Record go down, I wonder if Standard bank will be able to rectify my credit record.
Standard Bank
Standard Bank's reply30 Apr 2018, 16:50
Official

Thank you for allowing us time and opportunity to address your concern raised.

We have engage the senior manager responsible for this relevant business unit for his input on the problem you are experiencing at present. We have put measures in place to ensure no repeat of this incident.

We have received a confirmation from your private banker advising that your shortfall has been settled in full.

I regret we provided you with poor service and bad customer experience-it is the exact opposite of what we pride ourselves on. We really appreciate the fact that you brought this to our attention. This will help us to improve our operations and services.

At Standard Bank we are committed to giving you, our valued client exceptional service and we would like to take this opportunity to thank you for your continued support.

Please do not hesitate to contact us for any enquiry or complaint that you may come across.

Kind regards

Complaint Resolution Centre
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