NCB customers’ caustic comments

Banks in Jamaica make huge profits in a country with most person’s earnings just allowing them to meet minimum living standards, if not less. In short, banks are not loved as people think they prey on them.
Some responses to IC Insider.com’s article on NCB Financial‘s first quarter results to December last year was revealing and indicate that the bank has much work to do to appease its customers. The reality is that a visit to banks on a typical day is a journey in frustration for many, even at a time when electronic banking is on the rise.
One major outcry of many in recent times has been that bank charges for some services and the most vexing of all is the charge for dormant accounts. A big part of the problem seems to be that these large financial institutions don’t communicate well with customers and for other they feel that big banks don’t care.
The complaints we had online relate to customer service generally— long waits for service in the banking hall and poor online experience.
We list edited versions of the main comments. “Their customer service is the worst. I’m in NCB Spanish Town from the opening at 8.30, at 10.33 I am still to get through. Any time one comes to NCB just don’t have any other plans for the day.”

Sagicor Bank after more than 6 months have not reversed erroneous charge on credit card account.

Referring to the multi-billion profit, one reader said “none of it is going to customer service… They still have the worst customer service in my opinion, both online or in line.
And yet another said, “that is expected, considering that interests rates on credit cards are 40 percent and interest on savings is 0.4 percent. In order to get that interest rate, the deposit has to be at least $50,000. The same customer complained about waiting. “Customer service is the worst. I waited over an hour recently to speak to a rep. Sad…can’t wait to find another option.”
And yet another had this to say, “it’s a pity that their online banking is so poorly constructed and maintained, that beyond getting a statement, it’s virtually useless. They questioned as to the reason why the Midas Card cannot be used to pay bills online?
Another “they don’t think people have anything to do. The customer service rep moves really slowly and them need more. BNS Spanish is much better when it’s comes to customer service.”
“ I don’t have an account with them and never will from what I heard time and again to be the worst bank” and the last is one from someone who is not a customer, “I don’t have an account with them and I don’t want one.
While the responses are from a few persons, a visit to most banks will confirm that they reflect the concerns of many Jamaicans. Then, the banks will say they want customers to migrate to online banking but if customers are having problems there as well, the problem may be much bigger than the bank results suggest.
The case is told of Sagicor Bank, payment on a credit card was done in July 2017, on time to two accounts. The payment for one was correctly credited but not the other, although both were paid with one cheque. After more than two weeks, the bank credited the account but the late fee was not reversed and up to February of this year, it still has not been reversed after several contacts with the bank about it. It is difficult to understand why the bank, having determined that an error is made by them, doesn’t automatically correct the charges.

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