Recent content by raynerb

  1. R

    Sanlam Money Saver Credit Card

    A few people might do some research on this again, due to the IOL opinion piece 18/01/2021 https://www.iol.co.za/personal-finance/debt/now-cash-strapped-south-africans-can-fuel-their-savings-in-2021-b496413b-275e-4925-b169-0907d83b7676 Some info on the investment vehicles used for the savings...
  2. R

    Quick Lockdown Survey - Win R3,000 cash

    Done
  3. R

    Anybody signed up with Tymebank?

    Thank you for clarifying.
  4. R

    Anybody signed up with Tymebank?

    BSB, well aware of that, yes. My question relates to monitoring and enforcing of this limit, how it will be done and what exactly happens. (Assuming the limit is R100 000 balance/value, not R100 000 capital + interest) EDIT: Wording on different platforms are ambiguous. Website FAQ R100 000 +...
  5. R

    Anybody signed up with Tymebank?

    One would hope that is the case, but the wording is “maximum account balances”.
  6. R

    Anybody signed up with Tymebank?

    On limits of account balance, how will it be monitored and enforced? If you deposit R100k day 1, move to goal save; then any interest received will push you over the limit. What happens? Does the overflow/interest go to the everyday account? @TymeBank @TymeBank_Team @TymeGuy PS, I opened an...
  7. R

    Name and Shame: Unauthorised Debit Orders Thread

    Eventually spoke to a representative from customer complaints management at Capitec. I pushed them on the issue, and got the same response: "Nothing we can do. We can request a mandate, and refer them to PASA." Some good news, the reversal fees have now been dropped to R5 using the app or...
  8. R

    Name and Shame: Unauthorised Debit Orders Thread

    Also for noting: if the debit order goes off and you have insufficient funds, due to all your money being in your sub-account, you will be charged a fee of R5.55 (Capitec). Internet banking debit order reversal now active for Capitec, at a fee of R20.18. My first phone call and email to Capitec...
  9. R

    Name and Shame: Unauthorised Debit Orders Thread

    What bothers me most, is that the reference number and date does not remain the same. So a stop order would be futile IMO. Also, moving your money to a sub-account might work only if the debit order goes off on a day when you do not need money in your normal account for other debit orders. There...
  10. R

    Name and Shame: Unauthorised Debit Orders Thread

    Logged into Capitec to check if any new scams went through, seeing as a lot of peeps got hit 02/11. Noticed that they have now activated the online debit order dispute system. RE Telkom theory, I EFT my payments with them.
  11. R

    Name and Shame: Unauthorised Debit Orders Thread

    Yes, but they will only lose R1000 if they pay the fine, which they wont.
  12. R

    Name and Shame: Unauthorised Debit Orders Thread

    If they are a legitimate company, then perhaps the fine will be effective. However, they are most likely not, and they will simply ignore it, create a new entity and repeat process. Think of it as E-tolls and the non-payment by motorists.
  13. R

    Name and Shame: Unauthorised Debit Orders Thread

    Technically, yes. However, they are acting on unlawful instructions.
  14. R

    Name and Shame: Unauthorised Debit Orders Thread

    Pretty sure the companies will simply ignore the penalty. Unless you can get an unauthorised debit order through on their account :-) Only way to get this resolved, is to penalise the banks themselves. I have requested detailed information regarding the offenders from Capitec (29/10/2018), and...
  15. R

    Name and Shame: Unauthorised Debit Orders Thread

    Correct. I am already looking at my options. FNB Easy Account pay as you use is very similar to the Capitec Global One account.
See more
Back
Top
Sign up to the MyBroadband newsletter
X