Standard Bank is a money-grubbing psychopath

There is a deduction dated 02 November 2021 against my Elite current account labelled “Honouring fee” in the amount of R132.00. It appears that this is some sort of penalty for allegedly not having sufficient funds to cover a debit order for a home loan and/or a monthly fee debit.

This is outrageous larceny for two reasons:

1. The debit order strike date for the home loan is the last day of the month. 30 October is not the last day of October, which has 31 days. Also, there were sufficient funds in the account to cover the monthly fee. Given Standard Bank’s antediluvian and asinine practice of not processing banking transactions on Sundays and public holidays, if the last day of the month is a Sunday or holiday, the debit order strike date should move to the next working day, in this case 02 November.

2. Records will show that I transferred more than ample funds into my current account at around 19:15 on 30 October, at least two hours BEFORE the debit strike occurred. Thus, any claim that there were insufficient funds are provably incorrect.

Consequently, I demand a full refund, a written apology from Standard Bank, and an undertaking to avoid a recurrence of this unconscionable act of avarice.

Note: Do NOT call me. The cell no. provided here is bogus. Correspond by e-mail.