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…
South Africa is one of the few countries in Africa that have comprehensive social protection programs. The SASSA Social Relief of Distress Grant (SRD Grant) is a government program that helps millions of South Africans survive in today’s challenging environment. In South Africa, three groups qualify for the SRD grant. These are those who are…
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…
Old Mutual has a banking arm that has been growing over the past few years. The attraction for South Africans are affordable monthly fees. If you wish, you can open the Old Mutual Money account, and it will cost you only R4.95 per month to maintain the account. Of course, you may find other offerings…
Capitec and Nedbank are some of the most popular banks in South Africa. Between them, then hold nearly 30 million accounts. It’s not really a shock therefore that each day, thousands of EFT transfers happen between the two banks. But how long does it take to transfer money from Capitec to Nedbank? In this post,…
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…
Most people worry about security for their accounts while transacting online. If you are a Capitec customer, that’s something that you may find yourself thinking about. The bank has the largest customer base in South Africa. Virtual cards are meant to make it easier and safe for people to make online purchases and to make…