MM
Marilyn M

1 reviews | Active since Oct 2024

15 Oct 2024, 18:48

Standard Bank *****ulent withdrawal of funds

R14 400 was deducted from my mother's standard bank account without authorization 3 months ago. When it happened she did not receive an OTP or SMS alerting of the transaction. The bank statement does not show where and to who the money was paid. She has been to the bank or called on a weekly basis and being told that they are still investigating. The first time she went to the bank the consultant told her she should get her money in 2 weeks time, then she was told 2 days then again that she must wait 6 weeks for them to finalize and refund her. It is now 3 months and they keep on telling her that she must call back in 5 days time and have to date not received any formal communication from them. She is 80 years old and been a customer of standard bank for more than 25 years and very disappointed with the service and the anxiety caused by the way the bank is handling this situation and not being able to explain or report to my mother who is a pensioner about funds that just disappeared out of her bank account.

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Replies (3)
Standard Bank
Standard Bank's reply16 Oct 2024, 07:22
Official
Hi Marilyn

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 
 *** 
Standard Bank
Standard Bank's reply23 Oct 2024, 10:05
Official
Hi Marilyn

We hope you're well. 
 
We made three attempts to reach you on your mobile and sadly could not get hold of you. Please let us know when we can reach out to you at your convenience. 
 
In the meantime, we will be closing the matter on our side, but we do hope you will contact us if you still need any assistance. 
 
Kindest regards, 
Standard Bank Social Media Team
*** 
MM
Marilyn M's update04 Nov 2024, 18:04
Reviewer Update
We are not satisfied with the response from Standard Bank. They did not call my mother on her cellphone or could not get through to her while she was traveling but on return she visited the branch where a consultant advised her that there was nothing they could do. My mother complained that during the consultation my mother felt as she was the guilty one that stole her own money. She was told that they are still busy with investigations with a foreign bank and they do not know how long it will take. That there is a possibility that she might be refunded only half of the funds that is due to her when they conclude investigations. My mother feels she trusted the bank to keep her monies safe that no one can withdraw from her account without authorization, an OTP or SMS which the bank has failed to explain how this could happen. She feels it is the duty of the bank to refund her monies which she so desperately needs.