LG
Louisa G

1 reviews | Active since Jul 2019

26 Jul 2023, 22:58

***** -Standard Bank Richards bay / Home loans

We had a very bad experience with standard bank. We tried for a couple of months to find out via emails how to go about paying a lump sum into your home loan and what options you have such as reduce your monthly payments or having an access bond. Needless to say they did not understand the request. We ended up going to the bank and opening an account where we could pay the lump sum in and the transfer it to the home loan account on the app. All that was left to do is to then phone home loans to recalculate the monthly repayments. The only thing that transpired from this is that we opened the account and after we transferred the money. Standard bank witjout notifying us blocked the account and we now have to wait 7 days fir them to unblock it. When I spoke to a home loan consultant this morning he said i can get absa ***** dept to email them and they can take the block off. The transfer was from absa. I phoned twice today to be told that no managers or supervisors can check the emails and there are no phones in that dept for us to call them. We have to wait 7 days. Please can standard bank inform their staff at the richards bay branch for them to tell clients that this is how standard bank conducts business. By the way as i was told the block went on at 03:00am and that is why the bank could mot contact me. Up to this minute they have not phoned me or emailed me. I lodged a complaint on the banking app where i had the reply that it has been escalated. Not sure how an escalation to an unsupervised dept will work. I will contact my bank and get them to return my money to my bank account. What a joke. I've never heard of such utter nonsense ever. This is just a way of standard bank making sure they still charge the max interest on my bond acc at month end

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Replies (14)
Standard Bank
Standard Bank's reply27 Jul 2023, 07:57
Official
Hi Louisa

We assure you that as an organization we are committed to providing the best possible service and assure you that this will be addressed as a matter of urgency. 
 
 Kindly provide us with your account or id numbers for us to escalate your matter further. 
 
 We apologize for the inconvenience and undue frustration, this has caused. 
 
 We greatly appreciate your continued support. 
 
 Kind Regards
 Standard Bank Hello Peter Team
 *** 
LG
Louisa G's update27 Jul 2023, 08:14
Reviewer Update
hi - I privately rep**** with my ID number
Standard Bank
Standard Bank's reply27 Jul 2023, 08:23
Official
Hi Louisa

Thank you for the details. We will follow up and provide feedback.

 Kind Regards
 Standard Bank Hello Peter Team
 *** 

LG
Louisa G's update27 Jul 2023, 10:04
Reviewer Update
Hi

please give me a time frame of when this is going to be sorted - I bank with ABSA and they already responded more than 24 hours ago to this query - If this is not sorted out by 14:00 today , I will go to my bank and get them to reverse the funds - the block is still on the Standard bank account .
Standard Bank
Standard Bank's reply27 Jul 2023, 11:14
Official
Hi Louisa

Thank you for getting back to us. We have escalated the matter to the relevant 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
*** 
LG
Louisa G's update27 Jul 2023, 11:32
Reviewer Update
Hi

I reported it to Standard bank ***** dept yesterday 26.07.2023 10:39 - Lauren .
Again at 14:17 Themba and then went through to Vutivi 14:21
Logged on Hellopeter last night . Email was sent by Absa to clear the funds at 09:27 yesterday - ABSA is under the impression that i could just get hold of Standard bank ***** dept and they will sort it out after receiving the email - Your Home loan consultant that told me to phone my bank also thought it was that easy - I am not really expecting a response , but will keep on posting for clients to be warned not to deal with Standard bank - they money is now in a standard bank account and they are not paying interest on that money .
Standard Bank
Standard Bank's reply27 Jul 2023, 12:35
Official
Hi Louisa

We sincerely apologize for the inconvenience caused.
 
 Kindly note that we will follow up on this matter.
 
 We will be in touch with further feedback.
 
 Kindest regards 
 Standard Bank Hello Peter Team 
 ***
LG
Louisa G's update27 Jul 2023, 14:55
Reviewer Update
Hi

It is now 14:54 - still nothing from Standard bank - even with bringing it to everyone's attention with escalating the matter , nothing has been done - not even a courtesy call . Pathetic...
Standard Bank
Standard Bank's reply27 Jul 2023, 15:48
Official
Good Day Louisa 

Rest assured our team is working around the clock to ensure that your query gets resolved.

The team will be in contact with you.

Warm Regards 
Standard Bank Hello Peter Team 
***
LG
Louisa G's update27 Jul 2023, 16:52
Reviewer Update
Hi

I kept on trying and eventually the system automatically allowed me to transfer, you might want to update the "escalation Dept " - thanks to the wonderful assistance received from FNB and ABSA where the transferred originated , the acc was unblocked. Hopefully tomorrow when I need to do the second half of my transaction STANDARD BANK would have caught on and there is no longer the need to ASK FOR HELP. Not one single email , sms , phone call or whatsapp from STANDARD BANK . Thank you for replying on Hello Peter to keep your rating up , but you did not help me or sorted out my query. PATHETIC.
Standard Bank
Standard Bank's reply27 Jul 2023, 17:01
Official
Good Day Louisa

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 
***
Standard Bank
Standard Bank's reply28 Jul 2023, 16:22
Official
Hi Louisa

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 
*** 
LG
Louisa G's update28 Jul 2023, 18:37
Reviewer Update
Keep on telling yourself that you did anything to assist me. Standard bank block my account due to money being deposited into the account from my own absa account and then "assist' me by taking the block off. I hope that my reading this review other people will stay away frim Standard Bank . Rather deal with ABSA Or FNB. At least they assisted us. Please dont use your automated response to tell me that you are dealing with it. Done and dusted. Bad experience. Luckily I dont have long to go on my homeloan then ai can get rid of standard bank forever
Standard Bank
Standard Bank's reply29 Jul 2023, 08:44
Official
Good Day Louisa

We are saddened to hear that this has been your experience. 

We take these matters very seriously and can assure you that we will be attending to your query with urgency. 

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

Kindest regards
Standard Bank Hello Peter Team 
***