DD
Duduzile D

1 reviews | Active since Aug 2023

29 Nov 2025, 22:14

We've been ******

Dear Consumer Rights Protection Team,

I am writing to express my deep concern and frustration regarding the charges levied on my investment account with Standard Bank. I have been a loyal customer of the bank, and have invested a substantial amount of R500,000 into the account. However, upon reviewing my latest statement, I was shocked to discover that the interest earned was a mere R3,000.

What's even more alarming is that the majority of the charges were attributed to VAT and deposit charges, which I believe is excessive and unreasonable. As a long-standing customer, I have never experienced such high charges before, and I feel that the bank is taking advantage of me.

I have been using the same bank account and investment method for some time now, and this is the first time I have seen such a drastic reduction in interest earned. I believe that this is not only unfair but also *********, and I demand that this matter be investigated and rectified immediately.

I would appreciate it if you could look into this matter and provide me with a detailed explanation of the charges, as well as a plan of action to address my concerns. I believe that I have been ****** of my rightful interest, and I hope that your office can assist me in resolving this issue.

I look forward to hearing from you soon and finding a resolution to this matter.

Thank you for your attention to this matter.

Sincerely, Sinnah Diphoko

0
Replies (3)
Standard Bank
Standard Bank's reply30 Nov 2025, 08:57
Official
Dear Duduzile,

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 apologies for any inconvenience or unwarranted frustration this has given you. 

Kindest Regards
Standard Bank Hello Peter Team 
***

Best regards,

Standard Bank
Standard Bank's reply01 Dec 2025, 16:29
Official
We tried to call you multiple times to no avail. 
Please provide us with an alternative phone number and preferred time to contact you. 

Best regards,

Standard Bank
Standard Bank's reply03 Dec 2025, 13:05
Official
Dear Duduzile, 

We would like to thank you for giving us the opportunity to address your matter.
We are glad we could assist.
Kindly let us know should need any further assistance. 

Kindest Regards
Standard Bank Hello Peter Team 
*** 

Best regards,