Stanbic Bank Uganda (PHOTO/Courtesy)
Kampala, Uganda – A recent Twitter thread sparked by Dr. Jim Spire Ssentongo has revealed widespread dissatisfaction with bank services in Uganda. The thread, which asked users to share their experiences with banks, garnered numerous complaints about various financial institutions.
Stanbic Bank Uganda faced several allegations of theft and poor customer service. Dr. Alfred Anyama Berliner tweeted that the bank had robbed his mother of over 15 million Ugandan shillings, which had a significant impact on his education and that of his siblings. Another user, Daphyn, claimed that the bank had stolen her tuition.
DFCU Bank was criticized for incorrect loan information and excessive charges. Mugarura EM said he was shocked to find that his CRB report showed an unpaid loan with the bank, despite having no such loan. Edison Magara expressed concern about the security of DFCU Bank’s ATMs, particularly those located in downtown areas, which he felt lacked privacy.
Absa Bank Uganda was accused of excessive charges, with Kiiza Ahmed lamenting the 9,000 Ugandan shilling charge for ATM withdrawals below 1 million shillings. The bank responded, correcting the charge amount to 1,380 shillings and asking Ahmed to direct message them for further engagement.
Housing Finance Bank was criticized for technical issues and poor customer service. Jacy said the bank’s ATMs were often out of cash or experiencing network issues, and that the customer service was unhelpful. Sir Jorum echoed these sentiments, adding that the bank’s internet connection was unstable.
Centenary Bank was accused of unexplained charges, with Nsubuga claiming that the bank had charged him multiple account maintenance fees in the same month. He also questioned the bank’s excise duty taxes on transactions.
KCB Bank’s mobile banking platform was criticized for its unreliability, with Mohammad advising against using it for urgent transactions. Ojara shared a similar experience, saying he had given up on his KCB account due to the mobile banking issues.
Opportunity Bank was criticized for delayed international transactions, with Isa Pius Brax saying it took a minimum of two weeks for funds to reflect in his account.
Equity Bank was accused of poor customer service, with Joe Among saying the staff at the main branch were rude and unhelpful.
Standard Chartered Uganda received praise from Abel Opolot, who thanked the bank for reimbursing him after falling victim to an international scam.
The banks responded to the complaints with automated messages, often asking users to direct message them with account details. However, many users felt these responses did not address their specific concerns.
The thread highlights the need for Ugandan banks to improve their services and address customer grievances. It also raises questions about the effectiveness of the banks’ customer care systems and their ability to respond to customer complaints in a timely and helpful manner.
As the banking sector continues to grow in Uganda, it is essential that banks prioritize customer satisfaction and work to address the concerns raised by their customers. By doing so, they can build trust and loyalty, ultimately contributing to the growth and development of the sector.
Disclaimer: The allegations against banks are based on customer complaints and have not been proven in a court of law
