Capitec has become the largest bank in South Africa when it comes to customer number. It’s true that they still trail Standard Bank in terms of market capitalization, but Capitec’s growth has seen them growing to over 21 million customers. Each day, millions of these customers send and receive money via Electronic Funds Transfer (EFT)….
The banking sector recently welcomed the news that Old Mutual South Africa had received a banking license and will soon be trading as OM Bank. All along, Old Mutual was using the Bidvest license for its banking arm. The Old Mutual Money Account has been growing fairly robustly in recent years. If you are one…
Standard Bank is very popular among South Africans, particularly those who fall into the middle income scale. It’s currently the biggest bank in the country by customer numbers. At the moment, there are over 8.9 million people who bank with Standard Bank in South Africa. If you are one of them, you may be looking…
Capitec has millions of customers across South Africa. At the time of writing this post, the number stood at over 21 million, and a lot people people continued to join the bank. Capitec is extremely popular, which can make things a bit tricky when it come to getting help. One way through which you can…
South African banks have all implemented Debicheck as a way of protecting their customers from fraud. That’s important considering the crime that happens across the banking scene on a daily basis. One complaint that usually arises is from people who have had debit orders initiated on their accounts without their approval. This is where Debicheck…
One of the most exciting pieces of news on the South African banking scene in recent years was the announcement that Old Mutual now has a banking license. It will soon be operating as OM Bank. All along, the company was using Bidvest as its banking partner. Having it’s own license means the company will…
Old Mutual recently received a banking license. All along, they were operating their banking arm as part of Bidvest. Many people know Old Mutual as one of the biggest insurance companies in South Africa. Not many are aware of the fact that they also offer banking services. People can sign up for the Old Mutual…
How much are you charged per month when you maintain an Old Mutual Money Account? It’s a question that a lot of people in South Africa have been asking. Old Mutual is best known as the second biggest insurer in the country. However, the company has been making a foray into banking. It was recently…
If you have been expecting money into your account, it’s not uncommon to periodically check your balance. The same applies if you simply wish to see the amount of money that remains in your Capitec bank account. For those that are employed, the end of the month is often characterised by multiple balance checks. You…
The Old Mutual Money Account has been growing in popularity over the past few years. You only need to pay a monthly fee of R4.95, which is why people have been flocking to it. For that, you get a fully functional account that you can use for all your banking activities. One of the things…