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…
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…
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,…
FNB and Capitec are two of the biggest banks in South Africa. Between them, they hold over 30 million accounts. Capitec is the biggest, with over 21 million clients. When transferring money between the two banks, people often wonder how long it’s going to take for it to arrive at the destination account. Waiting can…
Every day we get a number of comments on this site from people complaining that the money that they send from one bank to the other was yet to arrive. What you need to be aware of is the fact that it can take up to 2 days for money that is sent via EFT…
Most of the time when you send money to someone else who uses another bank in South Africa, you wish to have the money delivered there and there. However, this does not always happen. On average, you need 2 days for money to be transferred from one bank to another via normal EFT. The time…
What is the Old Mutual to Standard Bank transfer time? It’s a question that you may be asking yourself if you wish to send money between the two banks. Old Mutual is best known for its insurance offerings. It’s one of the biggest companies in South Africa in this regard. However, the company also has…
Capitec and FNB are two of the biggest banks in South Africa. That’s the reason why thousands of transactions take place between the two on a daily basis. When it comes to making an EFT transfer, a lot of people get anxious because they wish to get their money instantly. It only makes sense. After…