KR
Kiara R

1 reviews | Active since Aug 2020

29 Aug 2020, 07:36

Student Loan/Student Achiever account

In 2012, I app**** and received a student loan. After sending numerous emails, enquiring about the balance on the student loan, I finally decided to call General Enquiries from South Korea, to where I have relocated.

After being on multiple international phone calls for approximately one hour, and being passed through different departments (because Standard Bank does not have a student loan contact available). I was then able to find out that I had R1, 047.23 owing to my student loan.

A consultant also brought to my attention that I had a student achiever account and that I had accumulated R5, 414.12 in service fees. This is the first time that I have ever received any information regarding this account, in the past 8 years, since this loan was taken in 2012.

I find it unprofessional that I was not made aware of outstanding balances on this account until I reached out telephonically to Standard bank - after multiple attempts made to contact Standard bank via email were unsuccessful.

In the past 96 months, I have received 20 statements regarding the student loan balance but never any correspondence regarding a student achiever account. It's unfitting for me to pay service fees on an account that I received no services on.

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Replies (2)
Standard Bank
Standard Bank's reply30 Aug 2020, 03:00
Official
Dear Kiara 

Thank you for posting your comments. 
Your matter was escalated accordingly. We will revert to you as soon as possible. 
Kind regards 
Complaint Resolution Centre 
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Standard Bank
Standard Bank's reply16 Sept 2020, 12:09
Official
Hello Kiara

Thank you for allowing us the opportunity to look into your matter. 
We confirm that the matter was dealt and resolved.
Kind regards 
Complaint Resolution Centre 
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