Capitec Bank working to rectify unauthorized deductions

Capitec Bank working to rectify unauthorised deductions

A technical glitch has seen many Capitec Bank clients hit by unauthorised deductions from their accounts on Friday morning.

Capitec Bank

Some took to social media to express frustration at losing their hard-earned cash through no fault of their own.

Capitec Bank spokesperson Charl Nel says they are aware of the problem.


"We are aware that there is a technical issue between us and another bank that has caused Capitec clients who transacted on this bank's card machines to be double deducted.


“Our IT team is working to rectify the issue and the transactions will be reversed speedily within the next 24 hours," says Nel.


He says the bank will communicate directly with affected clients.

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