MZ
Misheck Z

1 reviews | Active since Mar 2012

10 Nov 2021, 04:28

Made a huge deposit for vehicle loan that has still not reflected on my loan account after more than a month and 2 weeks!

Hello

I will be short and precise. I got a loan in September 2021 for vehicle finance that has turned out to be a nightmare from Standard Vehicle Finance. The installments were scheduled to start on 1 November 2021. I paid a huge deposit at the start of November which was half the loan amount and referenced my loan account. I called the bank to ensure that the funds are allocated to my loan account so that I already start reducing the interest on my loan immediately. This was the beginning of my nightmare experience with a terrible service from standard bank. From this day I spoke and interacted with many service people who basically could not confirm that my huge deposit is allocated to me. For 1 month and almost 2 weeks now, I have not received any confirmation from standard bank that this money is allocated to my account. Yesterday after demanding action some service lady sent me a picture showing that standard received the exact amount of my huge deposit on the day I deposited but they are investigating and will allocate it and let me know. Surely taking 1 month and 2 weeks to allocate a client's money is not right. I also received my first statement that does not show the big deposit that I paid. This is a **** of a bank and I will let everyone know of how standard bank treats its customers. I opened a case with the Ombudsman and I will ensure that Standard Bank is known by people for what it is! A real *******!

Irate and angry customer

0
Replies (1)
Standard Bank
Standard Bank's reply10 Nov 2021, 08:59
Official
Dear  Misheck Z 

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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