Nedbank's Money Maze Account

Nedbank's Money Maze Account

One thing to be said for banks is that they are truly democratic: they stuff the little guy and the big guy around equally. Here follows the story of how investing $100 can lead to an identity crisis.

And when all else fails it's back to "take some money and shut up".

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Submitted by : Anthony Crole of Benoni on 2015-05-29 13:42:12
I have banked with Nedbank for 30 years and really wonder why as they are arrogant & useless!
Submitted by : Anthony Krijger of Westville on 2010-06-09 13:49:02
This sounds so typical of Nedbank. I have an old savings book of my father's which I found in his documents after his death. Being the executor of his estate, I naturally asked Nedbank to verify the account and to sum up all interest owed from 16 March 1973, add this to the capital amount of R177.47 and let the estate's bank account have the money and then close the account. For this paltry sum, they "had no mechanism" to ascertain interest, so only offered to pay the capital!
Please, if Nedbank can steal from a dead man, what will they do to those still alive?
Submitted by : Simon Burrow of Ménerbes on 2010-05-03 11:03:45
Nedbank Sea Point is a total circus. Boredom prevents me from listing the three year saga with Marie and her merry bunch of staff. Suffice to say that the only way my son got a cheque cashed there was to lie on the floor and only get up when 'the manager has finishing training a new teller so that she could cash a cheque'. (My wrong English is intentional!).

Try business banking there - actually don't if you value your sanity.
And, congrats to Steven on getting hold of the Area Manager. Normally, he is on leave.,
Submitted by : Donovan Jackson of Weltevreden Park on 2010-04-29 12:31:52
Stay well away from Nedbank; please, if it is in your power, make them pay a lot more than the paltry R1200 they stole from Mr. Linde.
Submitted by : Raymondt Dicks on 2010-04-29 09:32:10
It's amazing how bankers can suffer from selective dyslexia when question about their operative administrative process. What amazes me further is that bankers tend to forget that the millions they are making due to the clients making use of their services and as intermediary between our money and ourselves they stand in a fiduciary relationship to deal with our personal information. It has become common cause that bankers don’t fulfil their fiduciary responsibilities and therefore any person dealing with a bank must do so with the greatest amount of scrutiny and demand written documentation or proof no matter how minute the transaction. If they fail or refuse to produce such proof you can be assured that the dooms dog banker will turn on the selective dyslexia when things go array.


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