SN
Sipho N

1 reviews | Active since Aug 2015

01 Nov 2022, 12:09

Non-effective Standard Bank ***** department , poor performance on critical controls to safeguard clients money

I reported ********** activity on my account after my hijacking early September this year. The hijackers managed to take over R100k in my account by sending the money to other accounts. What puzzles me is that I couldn't send R20k to a beneficiary without Standard Bank calling to confirm the transaction. Their ***** department couldn't pick up these suspicious transactions which makes me wonder if it's a bank people can consider using for their banking . During the incident where the hijackers had access to my personal accounts, they tried to do the same transactions on my Capitec and Capitec ***** department blocked my account immediately which kept my money safe. While Standard Bank this was not picked up by the ***** department that these transactions are ********** and were successful on *****ing my money.

Fast forward to a month and a few weeks later Standard Bank ***** hasn't completed my case. I've been sending follow up emails for the past month and no response. I have called their ***** line several times and each time the phone doesn't get answered. If it does, the person will keep connecting you to a string of people who can't assist you.

This is quite disappointing and infuriating that a bank like Standard Bank has WEAK CRITICAL CONTROLS to safeguard Thier customers assets.

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Replies (3)
Standard Bank
Standard Bank's reply01 Nov 2022, 12:41
Official
Good Day Sipho

Thank you for raising your concerns with us. 

We have escalated your matter and we can assure you that the relevant team has your query in hand and has prioritized a resolution for you. 

Our team will be in touch with further feedback. 

Kind regards 

Standard Bank Help Centre 
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SN
Sipho N's update05 Nov 2022, 11:52
Reviewer Update
Standard Bank team really showed the reason why they are South Africa trusted bank. After reporting the incident, I was contacted by a number of consultant who made sure that the matter is resolved. The matter was resolved within 2 days which is quite remarkable and commendable seeing that they made sure that this issue is resolved and they showed care and respect.
I appreciate the service I received.
Standard Bank
Standard Bank's reply05 Nov 2022, 13:05
Official
Hi Sipho

Thank you so much for your rating and your kind words. We have sent your compliment to the relevant department so they can celebrate their win. We appreciate you taking the time to share your excellent experience with us. 
 
Kindest regards, 
Standard Bank Hello Peter Team
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