| The Breakroom > The Water Cooler |
| I Hate Banks |
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| usn ret:
Dave, any update to the banking saga??????????? And the statement "then I ain't paying you" :doh: :doh: |
| DaveH:
Hi, They refuse point blank to disscus it with me. :wack: Don't answer any Emails (well two). :wack: A legal friend says they will just close my accounts (freeze). That could stop me opening another, because the new bank would want references. :( It all hinges around the fact - have I irresputable proof I took my documents in to the bank. There in lies the problem, a piece of paper with the bank stamp on - isn't enough!!!!! :scratch: :scratch: So still waiting to see who chickens out first. :beer: DaveH |
| Lew_Merrick_PE:
In July of 1971, I walked into the local branch of the (reputedly) best commercial bank in my area. I deposited $15,000 in cash to open an account for my (first) business. I went out the next day and: rented premises for my business, purchased (about) $3000 worth of stock for my shop, and bought (about) $2000 worth of equipment. 3-4 days after opening my account, all the checks I had written started being refused as "NSF" (Not Sufficient Funds). I brought my checkbook and deposit slip to the bank in question and asked for answers. The branch president told me that I could have picked up the deposit slip off the ground and that they had no reason to believe my checkbook. Four months later (the quickest it could be arranged) my father (an attorney) got a court order to review the bank's books. It turns out that a typo in processing a check from another account took $14,980 out of my account. It took more than six years to get: (A) my credit rating restored and (B) a refund from the bank in question for the mis-withdrawn funds AND the "NSF" charges levied against me. Yeah, tell me about it... |
| andyf:
Hi David, I don't want to be a conspiracy theorist or to spread alarm and despondency, but Mr Google tells me that "FICA documents" are used to verify who you are (your South African ID card) and where you live (a recent utility bill) to comply with anti-money laundering legislation. What would worry me is that some dishonest bank employee has stolen the documents, with a view to their misuse -to take out a huge loan in your name, for example. If I were you, I would escalate a complaint to higher levels within the bank, and consider reporting the matter to the police and the Finance Intelligence Centre (or at least, tell the bank that you are going to report it). Andy. |
| DaveH:
Hi Andy, You are 100% correct wrt FICA here in SA. The bank only has copies, and like most banks here will admit nothing. Yes they have apologied for any inconvenience caused, but maintain they never had my FICA documents. They will never admit to losing them, because they are charged under an Act of Parliment to keep them safe and not to disclose them any 3rd party. Admitting to losing them would cause the bank major issuses. They are not going to admit it. I have no objection to taking in the documents ( I think it is a load of cr@p though) but if it stops bad people doing bad things I'm for it. My major complaint was the bank didn't inform me - just closed the account. It would have been nice to send an Email, letter or phone -but nothing. I'm still complaining, if I go too far they will just offer to close the accounts, which I may well do, but only when it is convenient for me to do so. With regards giving loans on copies of ID documents - no financial institute will do that, if they do they would have broken the law, they have to see the original. Something will happen eventually. :beer: DaveH |
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