KC
Karen C

1 reviews | Active since Oct 2015

17 Jun 2025, 08:44

Standard Bank - Money Disappears into thin air

An elderly gentleman requested assistance with, an old Savings book he was holding for the NG Kerk.

Having tried numerous avenues to obtain a solution as to the whereabouts of these funds, it has finally come to light that there was an interbank transfer of these monies to whom, that's the question?

How can it be possible that the Bank allowed a transfer of this amount to an unknown entity when he holds the original savings book and is the signatory. I would like proof of the transaction and to whom and when it was transferred.

To my knowledge funds cannot be moved nor withdrawn without the correct documentation, the original savings book and the signatory agreeing to this, therefore it is my assumption that someone allowed this transaction within the Bank.

Details for the gentleman can be provided on request. If this is not resolved and the correct proof sent through, the matter will be escalated to the Ombud as the Bank is responsible for retaining these funds no matter how old the Savings book.

0
Replies (4)
Standard Bank
Standard Bank's reply17 Jun 2025, 08:51
Official
Dear Karen, 

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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KC
Karen C's update23 Jun 2025, 09:24
Reviewer Update
Still no feedback from Standard Bank and it is now 23 June. Please respond.
Standard Bank
Standard Bank's reply23 Jun 2025, 12:31
Official
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. 

Thank you, 

Kindest regards, 
Standard Bank Hello Peter Team 
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KC
Karen C's update01 Jul 2025, 09:26
Reviewer Update
Since Standard Bank have made no effort to contact me regarding this complaint, it will now be logged with the Ombud to ensure resolution. The original email was sent on 17 June, and it is now 1 July 2025. Absolutely terrible service.

The matter cannot be investigated as they have no details regarding the matter, therefore I fail to understand their continued response that they are looking into this.