I'm not going to get into specifics, but a few months ago I decided to invest in KRs because the load shedding situation was not looking promising heading into winter. After months of horrific volatility and upon delving into how much FNB gouge you for fees, I decided that it was a good time to look to remove my investment as the situation in our country has somewhat improved (relatively speaking).
FNB's policy is that they'll buy your coins back at whatever quoted price (they will rip your eyes out), but that as long as the trade is processed within business hours, you are guaranteed an immediate credit. I had sold one a few months ago so I knew this to be the case.
I can't speak for others, but today FNB decided to abruptly ignore my sell order, even though they were paying me well under market value, and the order was eventually marked as rejected. This is against their policy and makes utterly no sense.
I really don't understand how a bank can do this sort of thing. I guess this is South Africa so it's whatever, it's not like I can do anything about it. Just be careful - I highly recommend you stay away. This is borderline scam vibes. Before anyone asks - no I wasn't day-trading or doing anything funny. That was literally the first time since purchasing my remaining coins, that I'd decided to sell them.
This honestly baffles me.
FNB's policy is that they'll buy your coins back at whatever quoted price (they will rip your eyes out), but that as long as the trade is processed within business hours, you are guaranteed an immediate credit. I had sold one a few months ago so I knew this to be the case.
I can't speak for others, but today FNB decided to abruptly ignore my sell order, even though they were paying me well under market value, and the order was eventually marked as rejected. This is against their policy and makes utterly no sense.
I really don't understand how a bank can do this sort of thing. I guess this is South Africa so it's whatever, it's not like I can do anything about it. Just be careful - I highly recommend you stay away. This is borderline scam vibes. Before anyone asks - no I wasn't day-trading or doing anything funny. That was literally the first time since purchasing my remaining coins, that I'd decided to sell them.
This honestly baffles me.