How to Deposit Cash into Old Mutual Money Account

Most people know Old Mutual as one of the premium insurance companies in South Africa. What they don’t realize is that the company also offers banking services through what is referred to as the Money Account. One advantage of this account is that it is very cheap to maintain. You are here because you wish to learn how to to deposit cash into the Old Mutual money account. We will show you how to do it;

Old Mutual money account cash deposits

The following is how to deposit cash into your Old Mutual money account;

  • If there is an Old Mutual branch nearby, you can deposit cash there. All that you need to do is to take your money and your bank card to the branch. Tell the Cashier that you wish to deposit cash. They will ask you to hand over the money along with your card. The card will be inserted into a POS machine and you will be asked to enter your PIN. You will now be give a slip with details of the deposit.
  • It’s also possible to make a deposit at a nearby Boxer, Checkers, Usave, Pick n Pay and Shoprite store. Tell the cashier that you would like to deposit cash. Tell them the amount and hand over the cash. Insert your card. Type in your PIN. The Cashier will give you a till slip after the transaction is done.

How else can you deposit money into your account?

That’s how to deposit cash in your Old Mutual Money account. But, are there other ways through which you can deposit money into your account? Remember in the above we were talking about cash deposits.

You can also make electronic deposits in various ways. In the first place, you can make such a deposit on your app. Log into the account and click on the three lines menu to the top left. Click on Fund then Fund Account. Choose Electronic and enter a reference. Click on Done and enter an amount. Click on Done and then enter your card details for the account from which money is coming. You can now finalize the transfer.

Similarly, you can also use another bank card to fund your Old Mutual account at one of the participating retailers or at an Old Mutual branch. The process is similar to how you would make a cash deposit. The only difference is that you will need to hand then your other bank’s card instead of cash. You will then type in your PIN and money will be transferred into your Old Mutual account.

Does Old Mutual have immediate payment?


Old Mutual is one of South Africa’s biggest insurance companies. The bank also has a banking arm that has been growing over the past few years. One thing that people wonder about is how to deposit cash into an Old Mutual Money account.

That’s what we focused on in this article. We showed you that you can do it from your phone on the app, or by visiting a nearby Old Mutual branch. You can also make a deposit at one of the participating retailers, including at Pick n Pay and Shoprite.

Where to withdraw Old Mutual send money

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