SB
Shaun B

1 reviews | Active since Nov 2015

10 Apr 2023, 12:33

Standard Bank Payment Holiday Frustration

I've been a Standard Bank customer for 20 years and in the last few months I've been going through some financial stress. I reached out to my bank and app**** for a payment holiday on my credit card and my revolving credit loan (RCL). I app**** on 13 February 2023 and it was accepted on 27 February 2023. I then received an SMS on11 March advising me that the holiday has been approved from 27 Feb to 29 March in respect of my loan, bearing in mind that my Feb payments had already gone off so I wanted to check whether I'd get the payment holiday for March. I made several enquiries about this, mainly for clarity but during my last call I was advised that no payment holiday has been loaded yet. I've sent multiple emails and made multiple calls but no one has any idea about this. Apparently, this was escalated to someone called Jade Booysen on 22 February but that person has been on sick leave. It's almost two months since making my application yet I'm still left without answers and no financial relief. The stress and uncer*****y of this is causing me more stress and anxiety and makes my financial situation worse. The bank shouldn't offer clients services if they cannot fully follow-up and administer those services. Two months later and I'm still waiting for my payment holiday to be loaded and the period of the holiday has already passed. I wonder if they will make me submit a new application.

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Replies (3)
Standard Bank
Standard Bank's reply10 Apr 2023, 12:42
Official
Dear Shaun

This is not the level of service we strive for. We understand your frustration and are here to help. We can assure you that your matter is now in the right hands. 

We will be taking a closer a look and will get back to you 

Kindest regards, 
Standard Bank Hello Peter Team 
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SB
Shaun B's update14 Apr 2023, 15:48
Reviewer Update
Update: I would have liked to update my review but I am unable to, so this comment will have to suffice. After my complaint on Monday 10 April 2023, I was called on Wednesday evening by Mr Booysen who is mentioned in my initial post. I am happy to say that the issue has been resolved and the payment holiday has been properly loaded. Mr Booysen spent some time explaining the terms and conditions, as well as the financial risks involved with such holidays. I appreciated the phone call and the personal advice given to me. He did advise me that I will get a refund for the loan installment that was deducted in error, but I am just happy that my main issue has been resolved.
Standard Bank
Standard Bank's reply14 Apr 2023, 15:57
Official
Dear Shaun

Thank you for allowing us the opportunity to turn your experience with us into a positive one. 

Our team has assured us that the matter is resolved to your satisfaction, we are so glad we could assist. 

Should you need any further assistance, we’re always here to help. 

Kindest regards
Standard Bank Hello Peter Team 
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