Standard Chartered takes South Africa for a ride
I have been a 20twenty customer from the very beginning. At the time I was impressed with almost every facet of the bank. Great advertising, great concept, low charges and the very best customer service of any company in South Africa.
20twenty then unfortunately went through some trials resulting from it's relationship with Saambou. It was under curatorship until Standard Chartered, on of the worlds largest banks, decided to buy it. The loyal 20twenty customers were assured that everything would remain the same, except that we would have the financial backing that comes with Standard Chartered. Unfortunately that proved to be a lie.
After a period of increasing fees and degraded service (The fees were still however better than all the other banks and the service was still better than theirs) Standard Chartered has finally decided to discontinue 20twenty altogether in favour of more profitable options such as homeloans and personal loans.
So thank you Standard Chartered for becoming a truly South African company and deciding to squeeze every last cent out of your customers and killing one of the greatest companies that South Africa has seen in recent times.
To my readers, never take any sort of loan from Standard Chartered. They do not care about you at all, only how much money they can make from you