NM
Neels M

1 reviews | Active since Nov 2023

07 Aug 2025, 12:10

Standard bank causes monetary losses due to incompetence.

I registered for online share trading. Requirements are verification of your fica and banking details. After two weeks and several requests my trading account was made active. I deposited funds and traded. I then submitted a web request to withdraw money. I waited and waited, made two web requests for support, to no avail. When phoning the OST call centre, after sometime waiting on the phone, I was told: Sorry we forgot to verif your banking details and that caused the transaction to fail. I received no notification when it failed. I needed the money to make use of a special offer which I had a quote for. The quote has now expired, and I now have to pay R2900 more for the same thing. I can prove it in black and white. The explanation from their backoffice just says sorry , we were a bit busy and that was why the verification was not done.

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Replies (1)
Standard Bank
Standard Bank's reply07 Aug 2025, 12:13
Official
Good day Neels, 

Thank you for contacting us for assistance. 

We try very hard to make every customer’s experience enjoyable, and we really regret not being able to meet your expectations this time. 

We will do our best to resolve this issue as soon as possible and find a solution that works for you. 

Our team will contact you to assist you. 

Kindest regards, 
Standard Bank Hello Peter Team 
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