Nedbank holds payments on credit card accounts for a period of 5 to 7 business days before it is authorised or cleared. This is a serious offence from Nedbank taking into consideration that the industry norm is 2 to 3 business days. Again it shows you how irresponsible Nedbank operates with his customer's money in favour of the Bank's interest. In conclusion, Nedbank is making more money out of your money the longer they withhold the clearance of the funds.
0 comments