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Access Bond Funds

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Ismaeel
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I have an access bond with Standard bank and I’ve noticed that every month when the bank debits my cheque account for the bond amount, the same amount also gets deducted from the available funds in my access bond. This money is then returned after 10-12 days to my access bond.

 

I have asked the bank as to why they do this and they could not give me a clear explanation and only said that this is the way the system works.

 

Anyone here experience the same thing and is this correct?

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