1 reviews | Active since Mar 2009
Unfair Practices by Tyme Bank
I’ve had enough with Tyme Bank and I need to vent. Here’s what happened: I accidentally sent money to the wrong account, just two digits off. I realized my mistake literally two minutes later and immediately called Tyme Bank. They tell me they can't guarantee that they’ll recover my money, and I get it there’s always a chance of things not working out, but that’s not even the problem here. What really gets to me is that I lost R600, called the bank to help, and they charge me R170 just to try and fix it. And guess what? They didn’t even succeed. So now, I’m down a total of R770, Yes I was my simple mistake but why a hefty charge. That’s not fair! They should’ve taken that fee from whatever they managed to recover, not from my pocket. It feels like I’m being punished for my mistake and losing even more money in the process. Honestly, who can just throw away R770 like that? This situation is messed up, and it’s exactly the kind of thing that deserves to be looked into by the Consumer Protection Board, the Banking Ombud, or My Broadband. I honestly don't feel this is good practice. I understand there should be a fee charged but if bank charges you R170 then don't promise that they will recover your money but charges you upfront?
We understand your frustration and sincerely apologize for the inconvenience you've experienced. We strive to keep our fees low and transparent, and we take your feedback seriously. While we aim to assist in recovering funds sent to incorrect accounts, the process can be complex and does not always guarantee success. We acknowledge your concern regarding the fee structure and will review our processes to ensure fairness and clarity. Thank you for bringing this to our attention.
Tymebank Team
We understand your frustration and sincerely apologize for the inconvenience you've experienced. We strive to keep our fees low and transparent, and we take your feedback seriously. While we aim to assist in recovering funds sent to incorrect accounts, the process can be complex and does not always guarantee success. We acknowledge your concern regarding the fee structure and will review our processes to ensure fairness and clarity. Thank you for bringing this to our attention.
Tymebank Team
