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Capitec vs FNB, - what is the general consensus?
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<blockquote data-quote="chrisc" data-source="post: 782728" data-attributes="member: 746"><p>I heard a negative report about Capitec this past week. A friend needs to raise a bond with Nedbank or ABSA and told them that the bulk of his money is with Capitec. He went to see Capitec and instructed them that ABSA and Nedbank would be making enquiries about his income, etc. Capitec refused to have anything to do with any enquiries and told him that they would neither confirm of deny that he had an account there. He spoke (after some 45 mins battling on the phone) to someone in management who told him that the new FICA regulations prohibit them them from divulging any information whatever. He asked how a bond originator was to ascertain financial information and was told that was their problem, but nothing would come from Capitec.</p><p></p><p>The bond originator contradicted this, but at the moment, Capitec is standing firm</p></blockquote><p></p>
[QUOTE="chrisc, post: 782728, member: 746"] I heard a negative report about Capitec this past week. A friend needs to raise a bond with Nedbank or ABSA and told them that the bulk of his money is with Capitec. He went to see Capitec and instructed them that ABSA and Nedbank would be making enquiries about his income, etc. Capitec refused to have anything to do with any enquiries and told him that they would neither confirm of deny that he had an account there. He spoke (after some 45 mins battling on the phone) to someone in management who told him that the new FICA regulations prohibit them them from divulging any information whatever. He asked how a bond originator was to ascertain financial information and was told that was their problem, but nothing would come from Capitec. The bond originator contradicted this, but at the moment, Capitec is standing firm [/QUOTE]
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Capitec vs FNB, - what is the general consensus?
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