1 reviews | Active since Jun 2023
they chase me out and didn't give me proper interst
the standard bank chase me out.
I had fixed account for 3 years, 1,000,000R
on interst 9.910%
they chased me out, I don't want to stop that account but they force me to go out bank.
I didn't do wrong to them.
I just asking them open my account for 4 monthes.
so I got this letter for the bank
they didn't send proper interest for me
,only 68 691.23R
I have to have 9.910% of 1,000,000R for 3 years. it has to be about 300,000R
this is letter from the bank
SOUTH AFRICA LIMITED (THE BANK) We advise that after careful consideration, the Bank has made a decision to discontinue its banking relationship with you and will also no longer be extending any future facilities. The Bank is required to develop and implement a risk-based approach in managing client relationships. The risk- based approach that the Bank has adopted includes the periodic review of clients aimed at obtaining adequate, complete, and accurate information about the clients, the nature of the transactions ordinarily performed by them as well as any related parties. This process is embedded into the procedure for the maintenance of client relationships and is central to the Bank’s ability to comply with its legislative obligations to know its customers and understand the source of their funds. The Bank has previously engaged with you on several occasions to request that you provide it with certain source of funds and source of wealth information that would assist the Bank in fulfilling its legislative requirements. However, you have failed to adequately respond to the Bank and satisfy the Bank’s requirements. You further continue to refuse to engage with the Bank until the restriction on your accounts is uplifted. There remains a concern that continuing a banking relationship with you may hamper the Bank’s ability to comply with its legislative obligations to know its customers and understanding the nature of business. In this circumstance, the Bank remains unable to continue a banking relationship. The relationship will be terminated immediately, the Bank will not be providing a notice period to you for the closure of your accounts given your request to immediately have access the funds in your accounts. We hereby inform you of the following account closures: MYMO Account Number: *** Fixed Deposit Account Number: *** Money Market Select Account Number: *** Money Market Call Account Number: *** StanSure Number: *** Kindly provide us with bank account details where the available funds held in the account/s may be transferred. In the event that account details are not received upon the expiry of the notice period, the amount in credit will be transferred into a non-interest-bearing suspense account and will remain there until alternative account details have been provided. We confirm that the termination of the relationship is in line with the Bank’s terms and conditions as well as the Code of Banking Practice. It is anticipated that you will, during the notice period, secure an alternative banker and thus ensure minimal impact to your financial affairs. Should you have any queries/questions please refer to Theunis Duvenhage on
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.
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.
Our team has assured us that the matter is resolved to your satisfaction, we are so glad we could assist.
In the meantime, we will be closing the matter.
Our team has assured us that the matter is resolved to your satisfaction, we are so glad we could assist.
In the meantime, we will be closing the matter.
