FNB Cheque-Card Reversal after settlement?

neoprema

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Has anyone here got experience with processing a dispute on a debit/cheque card from FNB and had the money returned AFTER settlement?

I had a transaction go off my debit card for over $1000 at DropBox. I called FNB and they said no problem I must send them an authorization cancellation form IMMEDIATELY to process it and cancel the Auth. I sent it 10 mins after I called them.

Typically, as slow and useless as FNB are, they did nothing for 3 days and the amount has been settled. the Outstanding Auth is gone and my cheque account shows the transaction for R15k.

Does anyone know if there's still hope of getting the money back AFTER the settlement? I've read that chargebacks cannot be posted on Cheque cards, only credit-cards so once you've missed the reversal in the Auth stage your only hope is if the merchant can refund it for you?
 
it can be done, modern day cheque cards have protection.

They will refund you, will just take some time.
 
A dispute can take 1-2 weeks after the form has been submitted to FNB.

The question here is, why did Dropbox charge you a 1000$?
Did someone use your card?
 
A dispute can take 1-2 weeks after the form has been submitted to FNB.

The question here is, why did Dropbox charge you a 1000$?
Did someone use your card?

Yep. Its not an authorised transaction.

But if it takes 1-2 weeks what do they do if the settlement with the merchant already happens? There is no Auth to cancel now.
 
Yep. Its not an authorised transaction.

But if it takes 1-2 weeks what do they do if the settlement with the merchant already happens? There is no Auth to cancel now.
The reason it takes some time is due to FNB will submit a notice to the online merchants bank. The online merchants bank will submit a notice to the merchant etc.
 
The reason it takes some time is due to FNB will submit a notice to the online merchants bank. The online merchants bank will submit a notice to the merchant etc.

So it can still be reversed even though they settled it?
 
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