Sign up with Google
xrapidx
Honorary Master
- Joined
- Feb 16, 2007
- Messages
- 40,360
I "was" with ABSA Private Bank - their service has been so shocking over the years, and due to current markets, I've been unable to get a bond at a another bank for a similiar interest rate.
Every single request I sent to ABSA Private Bank they stuffed up, even the most simple of requests, like ordering a credit card.
So I was paying ABSA R400+ in fee's a month, and doing my banking at FNB for R180 a month, so in total I was paying a minumum of R580 a month. ABSA would also not allow me to change the account to a normal bond.
Then finally I managed to get a bond at a little better rate than ABSA, and I took up the offer at a cost of R21,700 - which is an indication of just how bad ABSA's service is.
I'll be saving almost R300 in fee's and around R200 a month in interest, so over the term of the loan I'll make my R21,700 back.
I'm just thankfull I will never have to deal with ABSA again, even the bond transfer took over two months, with the new bank saying they've never had so many issues dealing with another institution.
I couldn't even get a post dated settlement letter from ABSA on my credit card without a complaint on hellopeter, apparently it's impossible to generate a post dated letter, and obviously ABSA can't afford calculators to work it out.
ABSA - Good riddance, may you get whats coming to you.
Every single request I sent to ABSA Private Bank they stuffed up, even the most simple of requests, like ordering a credit card.
So I was paying ABSA R400+ in fee's a month, and doing my banking at FNB for R180 a month, so in total I was paying a minumum of R580 a month. ABSA would also not allow me to change the account to a normal bond.
Then finally I managed to get a bond at a little better rate than ABSA, and I took up the offer at a cost of R21,700 - which is an indication of just how bad ABSA's service is.
I'll be saving almost R300 in fee's and around R200 a month in interest, so over the term of the loan I'll make my R21,700 back.
I'm just thankfull I will never have to deal with ABSA again, even the bond transfer took over two months, with the new bank saying they've never had so many issues dealing with another institution.
I couldn't even get a post dated settlement letter from ABSA on my credit card without a complaint on hellopeter, apparently it's impossible to generate a post dated letter, and obviously ABSA can't afford calculators to work it out.
ABSA - Good riddance, may you get whats coming to you.
Last edited:
