SL
Setshego L

1 reviews | Active since Oct 2015

18 Oct 2025, 10:58

Standard Bank Overcharging for Student Loans

I’ve been paying R700 monthly for a R30k student loan account number 33 186 399 5, for my daughter from 2019 and Std Bank is not sharing statements. They’re not reachable on emails, phone and their branches can’t help either. Calculating R700 over 6 years = R50,400 paid, and over 7 years that’s R58,800 and they’re still debiting my account on a monthly basis even though the balance shows 0.00. I need someone from Standard Bank to help me clarify all of this and reimburse me any money overpaid for this loan. I will be escalating this issue with the banking ombudsman’s office as well, as a desperate attempt to get resolution on this.

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Replies (4)
Standard Bank
Standard Bank's reply18 Oct 2025, 11:57
Official
Dear Setshego

Thank you for bringing this issue to our attention. 

As Standard Bank, we are committed to providing you with the best possible service and will ensure that this issue is taken care of. 

We sincerely apologize for any inconvenience or unwarranted frustration this has given you. 

Kindest regards
Standard Bank Hello Peter Team 
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SL
Setshego L's update20 Oct 2025, 20:44
Reviewer Update
Good day,

I was in back to back meetings today. Please call me back tomorrow (21 October) between 8am - 10am.

Best regards
SL
Setshego L's update21 Oct 2025, 13:00
Reviewer Update
I didn’t receive the call. I’ll be available around 3pm - 5pm
SL
Setshego L's update21 Oct 2025, 17:56
Reviewer Update
I’m available at 11am tomorrow