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How Long Does It Take A Bank To Resolve A Failed Transaction. - Business - Nairaland

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How Long Does It Take A Bank To Resolve A Failed Transaction. by iphenon: 11:12pm On Oct 31, 2016
I tried making an online school fees payment of 14,400 for someone via college pay on the 5th of October. The payment slip came back as failed transaction (as a downloadable PDF) but immediately my account was already debited of that stated amount. I was shocked.

In order not to make a double payment, I had to go to the bank (First Bank) the next day and explained the issue to one of their agents there. He told me he'd lodge a complain for the transaction, and I should go ahead with another payment, which I did.

Up till this day they haven't resolved the transaction. I've gone back to meet the bank customer care agent and he keeps saying I should exercise patience. Its been 26days and counting, and nothing has been done.

I'm already becoming skeptical as to why resolving this issue is taking so long. Does resolving a take so long like this? I'm very worried.

I'd like to know if there's actually a time limit/frame where failed transactions would be resolved. Help me out on this.
Re: How Long Does It Take A Bank To Resolve A Failed Transaction. by iphenon: 6:32am On Nov 01, 2016
please don't just view and pass. Quote someone, maybe a banker or someone with the knowledge to help me out on this.

FOD, dominique, puskin, naijacutee
Re: How Long Does It Take A Bank To Resolve A Failed Transaction. by xwyze: 7:17am On Nov 01, 2016
What type of card did you use? Have you logged the issue with the bank, preferably their call centre
Re: How Long Does It Take A Bank To Resolve A Failed Transaction. by iphenon: 8:50am On Nov 01, 2016
xwyze:
What type of card did you use? Have you logged the issue with the bank, preferably their call centre
I used a verve card, and I made a complaints the next day and the issue was logged. I've even called their customer care agent and I was told the transaction is still being resolved.

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