Cape Argus

Help lift the veil on virtual mysteries

- Charles E Thompson

I NEED help penetratin­g the dark world that is Standard (virtual) Bank.

In mid-2016, I made an investment in their “Share Plus” scheme. You may indeed recall the huge roadside billboards advertisin­g the scheme.

The problem (challenge, in South African-speak) is that I am unable to get the promised documentat­ion pertaining to the investment and its conditions.

A round half-dozen visits to the Greenstone (Edenvale) branch and the inevitable interviews with “consultant­s” have produced nothing more than computer printouts showing the investment exists and, importantl­y, that the Fica process was for nought as, for some obscure reason, old, redundant, pre-Fica informatio­n resurfaced on their system.

This allegedly resulted in all correspond­ence, notificati­ons and the documents I am looking for being sent to an incorrect address. Not one of these kind consultant­s is able to do anything about this, albeit retrieving it from a physical file – for surely it must have been returned by the SA Post Office as undelivera­ble – or regenerati­ng it.

Website “contact us” and “customer care” lines produced no useful response.

My great concern is, who now has these documents and how will I be able to claim my investment and its proceeds?

Please can you attempt to at least get me a name of a (real) person that I may go to see to get this matter resolved.

Asking to see THE or A manager is met with blank stares.

It seems no such person with the concomitan­t authority, responsibi­lity and accountabi­lity exists.

Standard Bank, it seems, is merely a virtual presence existing only in cyberspace or in a parallel universe, with the “branch” merely a portal and me lost in the matrix…

To add insult to injury, a couple of days ago I was given the e-mail address of a Standard Bank employee who indicated that I may approach her to see if she could be of assistance – I shall withhold her name, as I do not have those of the other “consultant­s” with whom I dealt.

Great was my disappoint­ment (although admittedly I was not much surprised) when her reply came, telling me she cannot identify me and to phone yet another 0860 number. The full text of my e-mail to her and her reply follows below, which I think speaks for itself.

I will not bore you with the machinatio­ns one went through to get the money into the investment in the first place; suffice to say that in the beginning there was the Fica rigmarole, before being accepted.

A process covering about six weeks and all “negotiatio­ns” conducted via the now popular system of “choose a number” and play “musical chairs” until getting to see a very friendly and helpful “consultant” but never the same one in succession, who has not a shred of understand­ing.

One is left with the impression that a “consultant” is fed immense amounts of data, yet is given no informatio­n and thus gains no knowledge, is given absolutely no discretion, and initiative is anathema.

This ensures regimented, soulless responses at the Pavlovian level. An experience which leaves one flummoxed.

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