The ANZ set up a mortgage offset account against one of my property investments.
Behold, when I attempted to transfer money into it from another bank, the ANZ rejected the funds and then charged my bank a fee for the magnificent service of rejecting my money.
They even sent me a letter (on their letter head). When queried, the ANZ denied sending the letter. In fact, despite them having an ANZ reference number and letterhead, they blamed my other bank for sending the letter.
Needless to say, after complaints letters, being transferred from one department to the next on their phone banking system, I've decided to give up and never bank with them again.
Have to say they sure do suck! I could tell you stories about the NAB that would make your hair curl but yet again I will go cap in hand to them or anyone else who will lend me money. By the way you cannot actually transfer (via direct debit) to the NAB from any other bank (no you cant I really have tried and wasted part of my life trying). I want (read need) more properties and need someone else to pay for them who I will then pay back (I promise!) I hear your pain but unfortunately they really are all the same……..crap!
The ANZ set up a mortgage offset account against one of my property investments.
Behold, when I attempted to transfer money into it from another bank, the ANZ rejected the funds and then charged my bank a fee for the magnificent service of rejecting my money.
They even sent me a letter (on their letter head). When queried, the ANZ denied sending the letter. In fact, despite them having an ANZ reference number and letterhead, they blamed my other bank for sending the letter.
Needless to say, after complaints letters, being transferred from one department to the next on their phone banking system, I've decided to give up and never bank with them again.
Andrew you are only at defcon level 5 with your complaint-
Its time to go to defcon level 3
Time to get the banks attention and make a claim for financial damages, being the fee charged to you and the loss of mortgage interest savings from the offset account balance while they declined your transfer . If the offset account contract did not have in writing about a limitation of transferring money into the offset account from other banks of the fee charged to your other bank or limitations and no one also told you about them (oral contract) then you may have a good case to claim damages and possible failure of disclosure of terms of the contract by the bank.
The ANZ set up a mortgage offset account against one of my property investments.
Behold, when I attempted to transfer money into it from another bank, the ANZ rejected the funds and then charged my bank a fee for the magnificent service of rejecting my money.
They even sent me a letter (on their letter head). When queried, the ANZ denied sending the letter. In fact, despite them having an ANZ reference number and letterhead, they blamed my other bank for sending the letter.
Needless to say, after complaints letters, being transferred from one department to the next on their phone banking system, I've decided to give up and never bank with them again.
It beggars belief how they stay in business.
How is that fraud?
Best to talk to someone in their complaints department and they will sort it out. No big deal.
The ANZ set up a mortgage offset account against one of my property investments.
Behold, when I attempted to transfer money into it from another bank, the ANZ rejected the funds and then charged my bank a fee for the magnificent service of rejecting my money.
They even sent me a letter (on their letter head). When queried, the ANZ denied sending the letter. In fact, despite them having an ANZ reference number and letterhead, they blamed my other bank for sending the letter.
Needless to say, after complaints letters, being transferred from one department to the next on their phone banking system, I've decided to give up and never bank with them again.
It beggars belief how they stay in business.
How is that fraud?
Best to talk to someone in their complaints department and they will sort it out. No big deal.
If it was stuff up then why didn't ANZ rectify the mistake when Andrew informed them of the stuff up. This would be known as good customer relations or also known as good customer service. By my business ethics that they care in any way about customers concerns and the effect of their corporate policies on customers. It becomes more than just a stuff up when they treat customers with contempt and withdraw money from their bank accounts without permission or a signature (thieft) I may be one of the many job seekers that ANZ stiffed in their graduate recruitment waste of time process that left me still unemployed.
Have to say they sure do suck! I could tell you stories about the NAB that would make your hair curl but yet again I will go cap in hand to them or anyone else who will lend me money. By the way you cannot actually transfer (via direct debit) to the NAB from any other bank (no you cant I really have tried and wasted part of my life trying). I want (read need) more properties and need someone else to pay for them who I will then pay back (I promise!) I hear your pain but unfortunately they really are all the same……..crap!
Hi DW Every week i transfer out of my ANZ( thru pay anyone) into my NAB and it's there next day. Not by sight on Internet banking with either immediatley but is there same day according to later statements. Have been doing that for a year or so with mortgage.
I had to set up recently over phone conversation with NAB for the same feature. They don't give you access to pay anyone unless they set it up for that facility. They send you an sms with code you must enter there and then on Internet banking. Then the transfer goes thru. Cheers Jane
Have to say they sure do suck! I could tell you stories about the NAB that would make your hair curl but yet again I will go cap in hand to them or anyone else who will lend me money. By the way you cannot actually transfer (via direct debit) to the NAB from any other bank (no you cant I really have tried and wasted part of my life trying). I want (read need) more properties and need someone else to pay for them who I will then pay back (I promise!) I hear your pain but unfortunately they really are all the same……..crap!