1 reviews | Active since Dec 2022
Standard Bank - CGT calculations incorrect
Standard Bank Online Share Trading
Place a trade for > R**** and the Total Rand amount was correct and the Unit Cost. The next day the values changed, the Total Rand Amount was overstated by R5.00 and Cost by R 5.00.
I called the Call Centre and understood what i was saying as the cash position and the portofolio summary did not match. After a day this was corrected.
A few days later, i reviewed at the provisional CGT Reported and noticed that the previous calculation for the Profit and Loss was incorrect, the Cost was wrong and the cash amount was wrong. Sent a detail mail which was ignored and then i called a day later. Standard Bank opened a new ref no to correct the initial calculation errors. Two reference numbers to fix one issue, gobsmacked. A day later i receive a mail that it is corrected with no explanation of root cause analysis. I sent a mail requesting a Manager to call me to explain how did the calculations wrong and how will this rectified in the future. No one has called fro m Standard Bank, what poor client service. Fortunately i can calculate CGT, what about all the other clients that can not calculate CGT, how are they affected???
Thank you for alerting us to this. We have escalated the matter to the Online Share Trade 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 ***
Thank you for alerting us to this. We have escalated the matter to the Online Share Trade 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 ***
