A New Way Of Banking!

Last week Stanbic, without notice or prior warning, blocked my account. They had previously told me that I needed to update my personal details which meant, I assumed, confirming that my phone numbers, and postal and e mail addresses were unchanged.

When I asked why it had taken this action, I was told that it was because I had provided neither proof of residence  nor proof of income. The fact that neither had anything to do with updating and that they hadn’t even requested this information, bothered them not at all. My account was blocked until I gave them what they wanted. 

I was shocked and extremely angry. It had never occurred to me that any bank could take such action without prior warning and without compelling reason.  But it had done so – and its action was to me unethical, belligerent, hostile, punitive and I assumed, illegal.

Editor's Comment
Has life become worthless?

As many wondered what wrong the young boy could have done to end up killed, it emerged that his own cousin was a suspect in the murder after he claimed P50,000 from Botswana Life. Thato Tsametse, who was last week sentenced to death for the murder of his cousin, had reportedly taken out two Mmoloki Funeral Covers valued at P25,000 each.Over the years, the media has been covering the murder case, and some revelation has come up that certain...

Have a Story? Send Us a tip
arrow up