RS
Roland S

1 reviews | Active since Sept 2016

25 Nov 2024, 16:37

Standard Bank Business Banking, the worst business bank in South Africa by far

I have been a customer of Standard Bank Corporate banking for 14 years, and I have quite a large business. I have never found their service to be good.

In recent times Standard Bank has set even new records for poor service. Compared to banks like FNB and Discovery Bank, Standard bank can't even be mentioned in the same sentence as these banks.

The issues I face with standard bank consistently, I have never experienced in any other bank.

I received a new corporate card, which constantly blocks online transactions, notably google ads and facebook ads. It has been doing so for a week.

Standard bank claim there is a "glitch". I then use another corporate card, and it is the same "glitch".

I am in a situation where I cannot do any online purchase notably Google ads or Facebook Ads, during the peak sales period (Black Friday). This will result in millions of rands of lost revenue.

The reality is standard bank doesn't even know how to fix it, and are completely clueless, with no sense of urgency.

How can a company operate when you cannot pay for online subscriptions and advertising that is core to your business.

Every other bank I used is seamless. Standard bank is the only bank I have dealt with that simply cannot get the simple things right.

With standard bank you cannot even get a corporate card that works properly.

Another day goes by where I am not able to pay for any digital advertising, another day goes by that I am losing revenue as a result.

Each day I spend hours on the phone with Standard Bank trying to resolve the issue.

I cannot even transact R100, nevermind R30,00 a day that I need to purchase in advertising.

I spend my days calling standard bank everyday trying to resolve, and there is just no light at the end of the tunnel.

Lesson learnt, you cannot rely on Standard Bank for business banking.

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Replies (14)
Standard Bank
Standard Bank's reply25 Nov 2024, 16:42
Official
Hi Rolanda

This is not the level of service we strive for. We understand your frustration and are here to help. We can assure you that your matter is now in the right hands. 

Our team will be in touch.

Kindest regards, 
Standard Bank Hello Peter Team
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RS
Roland S's update25 Nov 2024, 16:49
Reviewer Update
Your team has been in touch. I have been speaking to them for a week. They just can't resolve the issue, and they don't even know what the issue is.

I have company corporate cards with credit on them, and they are unusable for Facebook ads and Google Ads.

This means I cannot market my products over black friday, and it will result is lost revenue.

This is a continuous issue.

This was the response from standard bank:

Kinldy be advised that our Card Division Department has advised that the transactions were declining due a system glitch between our system and the website you were utilizing.
The amounts of the declined transactions are showing R0.00 on our end meaning they were not filtering through leading to the declines.
It is advised that you please attempt more than once for each declined transaction as it could be that for some attempts the amount does not filter through and the transaction declines.
This is not a block as previously advised by ***** and card, its declined due to the amounts not filtering through.
RS
Roland S's update25 Nov 2024, 16:51
Reviewer Update
Ultimately though standard bank is single handedly bringing my business to a standstill, as I have no way of paying for my digital advertising, and it has been so for over a week now.

Thank you Standard bank
Standard Bank
Standard Bank's reply25 Nov 2024, 17:03
Official
Hi Rolanda 

Thank you for alerting us to this. We have escalated the matter to the relevant team so that we can ensure a speedy resolution. 

Please be on the look out for a call from our team. 

Kindest regards, 
Standard Bank Hello Peter Team
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RS
Roland S's update25 Nov 2024, 17:06
Reviewer Update
Update. Still now call

I used a 3rd corporate card, first transaction was succesful, now every transaction after that declines.

So i have 3 corporate cards, all declining, with the exact same issues.

and standard bank is completely clueless.
Standard Bank
Standard Bank's reply25 Nov 2024, 17:36
Official
Hi Rolanda

Please allow our team time to look into the matter and we will get back to you.

 
Kindest regards, 
Standard Bank Hello Peter Team
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RS
Roland S's update25 Nov 2024, 17:47
Reviewer Update
With all due respect I have speaking to Standard Bank since wednesday last week about this. That is now 6 days where i cannot pay for any of my company subscriptions or advertising.
Standard Bank
Standard Bank's reply25 Nov 2024, 18:02
Official
Hi Roland

Rest assured our team is working around the clock to ensure that your query gets resolved, the team will be in contact with you.
 
 Kind Regards
 Standard Bank Hello Peter Team
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RS
Roland S's update26 Nov 2024, 16:10
Reviewer Update
Anothe day gone by, and no resolution. For over a week now.

More lost income thanks to Standard Bank.
Standard Bank
Standard Bank's reply26 Nov 2024, 16:38
Official
Dear Roland

We will follow up with our team and we will be in touch with further feedback.

Sorry for the inconvenience.

 
 Kind Regards
 Standard Bank Hello Peter Team
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RS
Roland S's update27 Nov 2024, 00:28
Reviewer Update
Still no response from Standard Bank, and no resolution.

Worst business bank in the world. And this comes from a loyal customer of 14 years.

Standard Bank single handedly can bring a company down to their knees by blocking their corporate cards for no valid reason.

If you trying to market your business online, good luck trying to make a payment to Google or Facebook. Standard Bank will just block the transactions, even when you confirm the legitimacy.

Once it gets to 5pm you can forget about Standard Bank, they won't assist after 5.

If you think you can get a hold of a relationship manager or someone higher up, you can forget about that also.

If you are lucky enough to get a call back it will be after 5 when they can't help you anyways.

The cluelessness of Standard Bank corporate banking is laughable.

Standard Bank
Standard Bank's reply27 Nov 2024, 07:23
Official
Good day Roland,

The matter is being treated as a priority and our team is ensuring that it is resolved timeously . 

We will revert with feedback as soon as possible . 

We appreciate your patience. 

Kindest regards 
Standard Bank Hello Peter Team 
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RS
Roland S's update27 Nov 2024, 08:04
Reviewer Update
It's a new day, and once again all my corporate cards with Standard Bank are blocked for Facebook and Google ads.

This is now a week that I have not been able to run digital advertising for my company thanks to Standard Bank.

Everyday I lose 100s of thousands of rands.

I spend hours on the phone with Standard Bank, everyday and it's the same result

Standard Bank can do NOTHING and will do NOTHING
Standard Bank
Standard Bank's reply27 Nov 2024, 12:03
Official
Hi Roland

We apologies for the delay. Our team will contact you today before the day ends.

Kindest regards, 
Standard Bank Social Media Team
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