ABSA

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Category: Business & Finances

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South Africa

ABSA Reviews

Krintano February 8, 2011
Poor service delivery and lack of follow up
Where do I start with expressing my utter frustration and disappointment with ABSA Insurance. We had a serious water leak which was eventually repaired, however the wall which was broken while repairing the leak is still to be repaired and I was advised today, 3 weeks after and countless unreturned calls to the claims office that they had advised a company to come and repair the wall. A week later my jaccuzzi switch box was smoking and fortunately I was walking past it and noticed the smoke so immediately switched it off. However the motor had stopped running long before and due to no water circulating, the heater had overheated and melted the pipes around the jaccuzzi. If I hadn't switched it off, it most probably would have caught fire and burnt not only the jaccuzi, but possibly the whole house. Due to limited space allowed on this page, the end result is after countless calls and no responses ABSA refused the claim because there were no FLAMES. Because I was a good guardian of my property and switched everything off to prevent the flames burning my house down, I am being penalized and my claim rejected.
Clisson February 8, 2011
Pathetic service from Absa insurance
I have submitted 4 claims to absa insurance regarding damage to my property and have recieved feedback on only 1. The first claim was made in july 2009 where my roof was damaged and we fixed the problem as we were selling the property. We put through the claims and have not received any response. Absa was however very timeous on taking their yearly insurance on the property. They said they would grant us a prorata refund once the claim was settled since the property was transfered a couple of weeks later to the new owners. 9months have passed and this issue has not been resolved to date. I have also incurred roof damages on my current property in Jan 2010 due to the recurring rain and storms we have been experiencing. I refused to fix the roof given Absa's current history on paying out claims. 3 MONTHS has passed by, a contractor has been out to see it about a month ago and still NO FEEDBACK from absa. I have been phoning twice a week and leaving messages and nobody responds, including managers.It is absolutely ridiculous!! It is as though we do not exist. I have also put through claims on my pool a month ago here again NO RESPONSE. Not even a claim number.
Ilutorre February 5, 2011
Incoming funds not transferred to account
On 24th March 2010 I transferred an amount of R2539.45 from my bank in NZ to my ABSA account. These funds have not appeared in my account and as a result I have missed ABSA loan and credit card payments and also gone into overdraft. I will have to pay late payment charges and overdraft fees which I find unacceptable and would like to have these waived or reversed on my account. It is now the 9th April 2010 and the money has not been transferred to my account. How is it possible for money to take so long to reach my account? My bank in NZ has assured me that the funds were transferred shortly after I requested the transfer.

I would like an explanation as to what has caused the delay.
Himalla February 3, 2011
9 months & still waiting for a new personal banker
I am a Platinum client of ABSA, having been a customer of theirs for nearly 20 years now,

After spending 3 years working overseas I returned to SA (JHB) in July last year. Despite visiting my ABSA branch on 5 occasions since then to request a new personal banker - and despite the ABSA call centre calling me as recently as last month to asertain if I had any problems they could attend to, and then promising that 'someone' would call me to 'sort this out' - it is now almost 9 months since getting back and I still have no personal banker, cheque book or credit card with my bank!!! 9 months!!!
Ruline January 26, 2011
Sold me property without cover
I was employed by Absa Bank for 15years and unfortunately got affected by the retrenchment in 2008. I managed to pay my bond account for the entire 2009 being unemployed but my reserves are now finished. I contacted Absa Home loans and explained my situation, thinking that I have a credit cover on my bond and was suprised that there isn't any. I am concerned and do not understand how could my bond be approved without any cover. What will happen, should I pass on? I know Absa will harass my wife and eventually repossess my property and leave my Family in the street, and resell the house and move on with their business. Surely NCA doesn't allow this.
Menager January 25, 2011
The client should not disturb us
I am trying to assist one of my clients, who does not speak English, to resolve a query with ABSA. I have tried for fifteen minutes to get through to Michael or Linda but the phone simply rings. On my third attempt, a very rude .woman who did not give her name(she hung up when I asked for it), basically told me I was lying about Michael and Linda's phones just ringing because she caould see on her system that their lines were engaged. She then told me that Michael's line had become available and tried to put me through. The phone just rang.I got back to this person, who said, after I had told her that Michael's phone was just ringing, that 'we can't see them because we are on the second floor'. Even though I had initially asked her repatedly to take a message, she kept interrupting and insisting on arguing and (trying) to put me through to Michael. Only right at the end did she offer to take a message, only because she had decided at that time that this was a good idea.

The client is still waiting for his phone call. I also do not understand why he does not appear to have been properly informed in terms of FAIS before opening the account.
Nakkis January 24, 2011
Absa vehicle finance delaying process
I applied for vehicle finance on 5 March, which was approved on the 9th of March. I signed the contract on 12 March, and ABSA paid the seller's bank for the settlement of their finance on 15 March. The problem is that ABSA used a cheque to pay this amount! How primitive is that!!! Wesbank are now refusing to release the registration papers as they are waiting for ABSA's cheque to clear, which is gonna take 10 working days! Then we still have to wait 7- 10 working days for Wesbank to send the registration papers, and only then will ABSA pay the balance of the purchase price to the seller! Why does ABSA, which is supposedly a leading bank, use a cheque to settle this amount, instead of an EFT which goes through after only like 1 business day! ABSA clearly knew this would delay the process, and they just simply have a couldn't care attitude to the fact that they are delaying the entire process, and frustrating both me (i want the transaction finalised and the car on my name) and the seller (who obviously wants her money!). ABSA does not seem willing to do anything to speed up the process. This is not good enough. I will seriously be looking into moving my bank accounts elsewhere.
Dreu January 24, 2011
Absa keeps harassing me
In Oct 2009 we had to relocate to CT from pmb, I am currently not earning a income.I contacted ABSA regarding my Loan acc and my Credit Card I told them that im working but only earning comm, as yet I havent earned a blue cent, so they said no problem just go to the police station and do an affidavid, which i did and i sent it thru to them, toghether with a letter from my boss saying that i work on comm only. since then they have been harrasing me almost everyday then like a broken record I have to explain my situation to them every time, i am ******. This week alone the phone me 20 times. They harras me early in the morning during the day when im at work and even as late as 8pm at night. I told them to stop harrasing me and they wont. The one lady from the loans department said she will make a note again on the system the she will give me a courtasy call next month, which is ok, then the next day same old story, there should be a law against this, are the ppl at absa so STUPID they cant read the system before they phone you. I told them as soo as i work i will pay them. ABSA LEAVE ME ALONE, I WILL PAY YOU ONCE I START WORKING, i have been a customer of theirs for 9 years.
Pissle January 20, 2011
Insurance claim nightmare
We have a comprehensive household and car insurance through ABSA and recently claimed against our swimming pool equipment (chlorinator etc.) that had packed up. We had sent in our insurance claim to ABSA on the 21st of January 2010 and am currently still awaiting feedback resolution.

In February when I phoned the Durban claims dep. they advised that the manager had refused the claim as they were missing info from the assesor but that they would try and speed things up and get the missing info.

I again followed up this week and was told that they would reconsider as they now got the correct info report from the assesor but that it is sitting once again with the manager to review.

This is now over TWO months ongoing and absolutely shocking!! As a client that holds an ABSA homeloan, household insurance and car insurance (two cars) I am fed up and just about ready to cancel my insurance. I have hardly ever claimed in the years that I have had the insurance and dont appreciate the lack of feedback. I have spent my time to phone them while no one has even bothered to phone me and give progress feedback.

Really FED UP!!! Im phoning soon to cancel my insurance!
Bromalone January 20, 2011
Absa lost my daughters savings money
ABSA, your service is shocking. I opened a savings account for my daughter in 2004. I have been making electronic transfers into the account on a monthly basis. I have never received any statements for this account. I have made no cash withdrawals from this account. On 4 January 2010 I asked for a statement. The balance was almost zero. The money has been drawn from the account. I have the card in the safe with me at home. My daughter is only 6 years old, we have not used the card once. After 6 weeks of frustration and trying to deal with ABSA, I was told that it is not at their fault that the money has been withdrawn. Lebo from ABSA head office, that was the investigator, was extremely rude, not helpful at all and had an attitude and note and tried to tell me how to do my banking. some withdrawals were made in Tembisa and Daveyton (where I would not go at all). I was working in Midrand at the time and some transactions were made in Kempton Park, how can I drive during my working hours to draw R50 on the other side of town. Your service is a shocker and I am closing all my accounts with ABSA. Do not open accounts with ABSA. they loose your money. !!!

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