Requirements for Opening a Bidvest Account
What are the requirements for opening a Bidvest account? We have been getting that question from some of our readers. Bidvest offers a number of products in South Africa, including retail banking, insurance, vehicle finance and foreign currency exchange. But how do you open an account at Bidvest bank? There are a number of requirements that you will have to meet before you can open you account.
What do I need to open a Bidvest account?
The following are the requirements for opening a Bidvest account;
- Your South African ID
- Proof of residence. This must be no more than 3 months old. Proof of residence can be utility bills bearing your name or a letter from your landlord.
- The minimum deposit amount, which varies depending the type of account that you wish to open. See below for details.
Minimum amounts when opening a Bidvest account
Those are the requirements for opening a Bidvest bank account. You can open some types of accounts online. We have already noted that in order to open an account, you need to deposit a minimum amount of money. These amounts vary depending on the type of account that you are opening. The table below shows the minimum amounts when opening various types of Bidvest accounts;
| Account | Minimum deposit |
|---|---|
| Call account | R1000 |
| Notice account | R5000 |
| Fixed deposit | R10000 |
| Foreign currency account | R10000 |
Summary
In this article, we gave you the requirements for opening a Bidvest account. It was noted that Bidvest offers a number of products, including banking, insurance and vehicle financing. This article was dedicated to showing you the details for opening a Savings account.
That’s the most common type of account that people will opt for. Other types of accounts that are on offer include the Business account and the Bidvest Bank Grow Account. The account type that you choose will depend on your circumstances. Note that you can open a Bidvest account online.
Here are the requirements for opening an Investec account