1 reviews | Active since Oct 2023
Std Bank to Std Bank payment clearance time is unbelievable!
I am very disappointed at Standard Banks's inability to clear payments immediately if these are made between Standard Bank accounts.
At 49 years of age I have banked with several banks and I can safely say all the banks I know clear inter bank payments immediately. I had to call and was astonished to hear that a payment made to my Std Bank ACC from another Std Bank at 09h00 will only clear before midnight. By the way such payments do not even have to go to the bank clearing house (Bank Serv). So what could be the reason for Std Bank to hold onto these funds? Are they trying to generate credit interest? or do they just have flawed operational processes?
Choose your banking partner wisely. This bank is an embarrasment.
Thank you for alerting us to this.
We would like to make sure your matter is resolved as a priority.
We have reached out to the relevant team so that we can ensure a speedy resolution.
Please be on the look out for feedback from our team.
Kindest regards
Standard Bank Hello Peter Team
***
Thank you for alerting us to this.
We would like to make sure your matter is resolved as a priority.
We have reached out to the relevant team so that we can ensure a speedy resolution.
Please be on the look out for feedback from our team.
Kindest regards
Standard Bank Hello Peter Team
***
Firstly there is no need for her to access my account as if my payment not being cleared immediately is something new to her.
Secondly there has to be a human touch, we don't just do security verifications for everything, I just laid a complaint and not asking for anything, be it a limit increases or a loan. Why do I need to be verified if all you will do is just apologise? Does it look like I just have time to go to Hello Peter and write up things for the sake of it?
Thirdly why are customers taken for a ride as if we don't process information......the call could either be an apology or an action to resolve the problem. I asked her what is she going to do once I give her access to my account- she said shell verify if indeed my funds were not transferred.
Thats hogwash....Standard Bank has this information written on their website and she has seen enough complains to know this "ancient, stagnant and not moving with the times" bank doesn't clear its own interbank payments that do not even need to be routed for clearing at BankServ. This bank is a big joke. Customers don't need apologies we need solutions.
Please don't call me I dont need any apology, only call if you have a solution - otherwise go and fix your systems and processes for the rest of the banking populace.
Firstly there is no need for her to access my account as if my payment not being cleared immediately is something new to her.
Secondly there has to be a human touch, we don't just do security verifications for everything, I just laid a complaint and not asking for anything, be it a limit increases or a loan. Why do I need to be verified if all you will do is just apologise? Does it look like I just have time to go to Hello Peter and write up things for the sake of it?
Thirdly why are customers taken for a ride as if we don't process information......the call could either be an apology or an action to resolve the problem. I asked her what is she going to do once I give her access to my account- she said shell verify if indeed my funds were not transferred.
Thats hogwash....Standard Bank has this information written on their website and she has seen enough complains to know this "ancient, stagnant and not moving with the times" bank doesn't clear its own interbank payments that do not even need to be routed for clearing at BankServ. This bank is a big joke. Customers don't need apologies we need solutions.
Please don't call me I dont need any apology, only call if you have a solution - otherwise go and fix your systems and processes for the rest of the banking populace.
Thank you for writing back to us.
We truly regret the inconvenience the current situation has caused.
Regrettably this is the process in place that must be adhered to.
Please give us an opportunity to look into this matter.
Looking forward to your response.
Kindest regards
Standard Bank Hello Peter Team
***
Thank you for writing back to us.
We truly regret the inconvenience the current situation has caused.
Regrettably this is the process in place that must be adhered to.
Please give us an opportunity to look into this matter.
Looking forward to your response.
Kindest regards
Standard Bank Hello Peter Team
***
Thank you for getting back to us, we have noted your concerns and will further look into this matter.
Please be on the look out for a call from our team.
Thank you for getting back to us, we have noted your concerns and will further look into this matter.
Please be on the look out for a call from our team.
