A post shared on Facebook and addressed to “all FNB clients” claims South Africa’s First National Bank (FNB) is guilty of the “biggest SA scam”.
It reads: “FNB ‘accidentally’ deposited R1,000 to 1 million people. They charged R28 per reversal. They made R28 million.”
In an interview with Business Insider, FNB’s consumer chief executive Christoph Nieuwoudt denied claims that the bank had charged its clients a reversal fee.
“The monies that were in clients’ accounts were not deposits, in the same way that FNB correcting the transaction is not a reversal,” he said.
According to FNB, “the incorrect balances were due to delayed debit card transactions for purchases”. – Africa Check
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