Rant: Opening a new contract

creeper

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Dear Vodacom and MTN (and maybe cell c and Virgin Mobile)

Me, a potential new customer, was incredibly disappointed in the blanket policy you apply to new potential customers. Yes, that policy that states that I need to produce an ID, proof of residence, payslip and.........THREE MONTHS CERTIFIED BANK STATEMENTS. Now don't get me wrong, I know the reason for the ID, proof of residence and payslip, but why,o why, three months certified bank statements?

Let me put it in context.

I'm a professional working the SA work hours of 7:00 to 18:00 from Monday to Friday and sometimes on Saturdays, therefore my only time to go and do things like getting a new cellphone contract is on Sundays. So, as per your blanket policy for all new customers, I need to go to a bank, pay for certified bank statements, after trying to find a bank open (which are limited) on a Sunday. So, as a potential client that can afford 15 contracts if I want to, is being inconvenienced. Which begs the question: if a potential client can't get bank statements on a Sunday, why have your shops open? You are not going to sell any new contracts! (maybe upgrade of clients and irritating potential new clients).

But let me take it a bit further. You are asking for the same documents that a bank will ask to open a home loan. My credit card, which can buy me the contract for the two year period five times over, only required a ID and proof of residence. I only want a cellphone contract that will cost me an equivalent to an expensive eat out at a fancy restaurant. Not a new house.

But I might understand your circumstances. From the x million clients, maybe 1-2% are fraudulent or can't pay due to fake payslips. As a corporate company with a multi billion turn over (and yes, I analysed both companies for investment), you need to protect yourself against fraud and, heaven forbid, loss of profit. But have your ever heard of client segmentation and risk managment. Instead, and I can bet my old cellphone on this, some corporate bigwig need to protect their bonuses and applied a blanket policy, without understanding the impact on clients. But Ive figured out why the blanket policy, because it is difficult to control the verification of documents because every we one shop sells your contracts.

So, I am going to conclude with the following questions and trust me, if a PR answer is provided, I'm going to buy shares in both companies and ask the same questions at tha AGM.

Why the three months bank statements?
Why open your shops on Sundays if it is near impossible for a potential client to open an account?
Do you really want me as a customer(or am I already creating a precedent here)
When is your AGM?

I'm concluding it. Two words: customer service

I await you're reply.

Regards
C

Ps: apologies for the lady at MTN Woodlands. I think she got the wrath of my frustration
 

wayfarer

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The wife and I both signed up for new contracts in December at different MTN branches using statements printed on the Standard Bank letterhead from the AutoPlus machine (without official stamp).
 

creeper

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And having an interesting discussion with @vodacom111 currently on twitter.
 

creeper

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The wife and I both signed up for new contracts in December at different MTN branches using statements printed on the Standard Bank letterhead from the AutoPlus machine (without official stamp).

Yes, but it doesn't eplain to me why the statements is needed. They vetted me over the phone last year. But I didn't take the contract.
 

NeonNinja

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Yes. Depends how full of shiit the consultant is.
Printed mine and didn't certify it.
 

creeper

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Yes. Depends how full of shiit the consultant is.
Printed mine and didn't certify it.

I was willing to log onto my internet banking and print it, but no. But the general problem is that the policies communicated tends to be inconsistent. Banks are also famous for this.
 

deweyzeph

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Why on earth do you want to get a contract? Stay far away from contracts. Buy whatever phone you want yourself and then get a prepaid sim card. I switched over to prepaid years ago and have never looked back. Signing a 24-month contract in this day and age is crazy.
 

NeonNinja

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Why on earth do you want to get a contract? Stay far away from contracts. Buy whatever phone you want yourself and then get a prepaid sim card. I switched over to prepaid years ago and have never looked back. Signing a 24-month data contract in this day and age is crazy.

You are crazy.
Fixed as well.

And 8ta has justified that a bit.
 
Last edited:

Other Pineapple Smurf

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I was willing to log onto my internet banking and print it, but no. But the general problem is that the policies communicated tends to be inconsistent. Banks are also famous for this.

I took out a personal loan 3 times my salary with the online printed version (still blanked out some details) and a scanned, uncertified copy of my ID and a scanned copy of my salary slip.

Yet I agree with OP that cell phone companies need everything including your DNA just to get a contract.
 

Other Pineapple Smurf

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Why on earth do you want to get a contract? Stay far away from contracts. Buy whatever phone you want yourself and then get a prepaid sim card. I switched over to prepaid years ago and have never looked back. Signing a 24-month contract in this day and age is crazy.

Yes and no - I've found that since I've switched all but one contract to top-up, staying on contract has been the better option. The bundled phone is usually the cost of the contract over 24mths. Recently I took out a Blackberry contract for R150 including BIS, R99 aitime & 9600. For the kids I find the CellC offering are the best at R50-70 per month as they get the full airtime value, free SMS and a phone every 2 years
 

creeper

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I'm currently on virgin mobile month to month basis, but my three year old phone is getting old. So, I did my homework and figured out that the current iPhone contract on Vodacom is a good contract. Yes, it is 24 months, but it works out cheaper in the long run for my circumstances. The irony is that I have enough cash to buy the two year contract, or use my credit card to buy the contract for two years.
 

creeper

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So, the story does have a happy ending. Spoke to a connection at Vodacom and she provided me with a valid answer. Only in the event that Vodacom can not identify your income, 3 months bank statements are required. Therefore, the Vodashop was not following the correct procedure as I have been previously approved without the need to be referred.

Thanks to P at Vodacom for sorting out the problem.
 

Ockie

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So, the story does have a happy ending. Spoke to a connection at Vodacom and she provided me with a valid answer. Only in the event that Vodacom can not identify your income, 3 months bank statements are required. Therefore, the Vodashop was not following the correct procedure as I have been previously approved without the need to be referred.

Thanks to P at Vodacom for sorting out the problem.

I do not agree with this. For a new client that does not yet have a Vodacom SP account, we are required to take in 3 Months Bank Satements. We might not have to use it if the Vetting system approves you automatically...but should the application be pended..then we need to upload it on the system for New Business to have a look at it. Even if the application is approved straight away on the system...we need to send the 3 month bankstatements to Vodacom with the applciation to be filed in Document Warehouse. Should there be any query for the application (like somone coming to us saying that someone are using their account for fraudulant debit order) then those docs can be pulled for the investigation.

Should a client have a existing VSP account, and wants to do a add on line to that account, then we normally wont ask for anything else but your ID....and now also RICA in case you have moved etc.

And yes...if it is internet bank statements....the conultant should ask for it to be stamped by the bank. I have had two cases when I was still working in a shop where someone used falsified internet bank statements (confirmed by Vodacom Fraud & Risk when I faxed it to them). Looked legit...but the name on the statement did not match the name of the person who was the actual owner of the account.

We live in a country where fraud is rife. This is for your own and Vodacom's protection.
 

creeper

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@ocleroux. I'm not going to take it further as Vodacom came back with a legit and well explained answer. But thanks for your explanation. Remember that you can never remove risk, but only mitigate it. The question is always the balance between mitigating risk and customer experience.
 

ToxicBunny

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occie, I still think the issue stands in a way....

If I've given you ID, Proof of Residence as well as a salary slip (which should indicate period of employment) then surely thats enough... if the Vetting system doesn't approve me, then yes get 3 months bank statements..

I'm in a similar position to the OP, should I wish to get a new contract, roughly the only time I can do it is on a Sunday (also roughly the only time I can physically go INTO a bank)... so I'd be up shyte creek without a paddle so to speak.
 

Ockie

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If I've given you ID, Proof of Residence as well as a salary slip (which should indicate period of employment) then surely thats enough... if the Vetting system doesn't approve me, then yes get 3 months bank statements..

No...it is not enough. Not with the k@k people are vanging aan out there. We cannot and should not take it on faith that the banking details you provided on your application form is in fact your account and not some ou tannie in Koekenaaps account. It would then be so easy to go and open a Vodacom contract, give someone elses bank account details and let them pay for it. I think we all know that very few people check their statements thoroughly...so months can go by without this poor person even realizing that a fraudulent contract is going off from their account. Even though our vetting system approves you, it does not mean the application and bank details is not fraudulent as our system is linked to ITC and TransAct or whatever the other credit dudes are. It is not linked to the banks....

I fail to see how this can be seen as such a massive inconvenience. Even when I opened my Cell C account and they asked for my 3 month statement from the bank it really did not bug me too much.
 

creeper

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It seems that Vodacom and I have a better understanding. Should receive my Iphone 4s soon
 

Mikeh1

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Aug 21, 2016
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I see this issue is still rive out there.

Unless they have a court order instructing them to hand it over, NO WAYS!!

What is SA's hell do they want to get the wiser of it? A HUGE (60%) cash withdrawel every month, but may vary. Now, this could be to pay my gambling habits or invest it at the JSE! How would they know? Or even if the bottom line is in red, so what???

The answer is easy, will they request the president of this country also for three months bank statements? If no, then why should I?

PS: I will show their CEO my payslip if he shows me his!

Else, cheers, cancel the deal and I will make another plan!!
 
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