the ombudsman for banking services for moaning about the legal principle of "set-off" which allows banks to appropriate funds in a customer's cheque or savings account to recover debts owed by a customer on his credit card or personal loan.
He never ever said anything (that I am aware)about a much more horrendous practice when SARS wipes out a bank account to claim for taxes owed to them.
Personally I believe that NOBODY - not the bank, SARS or anybody else should have the right to confiscate any money out of an account if I did not give explicit authority to do so.
I would want a person such as Pillay to take a principled stance and protect the consumer's interests against all "morally repugnant" approptiation of ones funds withou consent.
Showing posts with label FNB. Show all posts
Showing posts with label FNB. Show all posts
Sunday, October 19, 2008
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