Products & Services
Products & services
Retail banking
Mercantile Bank specialises in a niche range of Treasury, Retail and Commercial products for the SME market (small/medium enterprises). We pride ourselves on our ability to offer tailor made solutions to new and existing clients. The flexibility and transparency of service and pricing is evident in the personal touch offered by the experienced teams at Mercantile Bank, from the Branches to the Dealing Room.
We offer the full range of Commercial Banking products as listed below with a personal assurance from the team that all transactions will be dealt with on a professional level and the process will ensure solutions for our valued client base.
And with our focus on your needs you can rest assured of our commitment to offering you the very best personalised and efficient service.
Borrowing Solutions
At Mercantile Bank, we have designed a number of products to cater for your business and personal borrowing needs at highly competitive rates. Our products include Asset Financing, Leasing or Instalment Finance, Term Loans, etc.
Asset Finance
We offer financing for your motor vehicle and capital equipment at highly competitive rates. All our asset finance options, whether lease or instalment finance, provide you with flexible and affordable facilities suited to your needs.
Leasing
Leasing is a financial facility offered by the bank whereby movable, durable goods selected by the client are purchased by the Bank and then used by the client for an agreed period, paying cost related rentals.
Ownership remains with the Bank for the duration of the agreement; however, three options are available to the client on termination:
- Purchase the asset from the Bank.
- Sell or trade in the asset on behalf of the Bank.
- Lease the asset from the Bank for a further period.
Leasing is best suited to the following:
- High cost items such as motor vehicles, plant or equipment, etc.
- Businesses using goods which have either a high obsolescence or which are replaced on a regular basis.
- Car Allowance users.
Key Features and Benefits:
- Clients are able to lease expensive items without having to save for them first.
- The repayment period and deposit can be structured to suit the client’s needs.
- The client gets the benefit of any resale value.
- Payment terms can be arranged to suit the client’s needs.
- Repayment period ranges from 6 to 60 months.
- All goods purchased must be comprehensively insured during the term of the agreement.
- Interest rates are either linked to the Prime Lending Rate or Fixed for the period.
Instalment Finance
- The customer purchases the goods from the Bank over a negotiated period at an agreed interest rate.
- An Instalment Sale is a financial facility for moveable, durable goods selected by the client, which are purchased by the Bank and then sold to the client on terms.
- The client undertakes to repay the full amount plus finance charges in instalments over an agreed period. Ownership of the goods remains vested with the Bank until receipt of all amounts due, upon which ownership automatically transfers to the client.
Instalment Finance is best suited to the following:
- Clients wishing to retain ownership of the goods.
- Private individuals and Car Allowance users.
Key Features and Benefits:
- Ownership of the goods passes to the client when the last payment is made.
- Clients are able to purchase expensive items without having to save for them first.
- The repayment period and deposit can be structured to suit the client’s needs.
- The client gets the benefit of any resale value.
- Payment terms can be arranged to suit the client’s needs (Car Allowance users)
- Repayment period ranges from 6 to 54 months for private individuals and 6 to 60 months for Car Allowance users.
- Minimum deposit of 10% is required for private individuals and there is no minimum deposit required for Car Allowance users.
- All goods purchased must be comprehensively insured during the term of the agreement.
- Interest rates are either linked to the Prime Lending Rate or Fixed for the period.
Home Loan
When buying a home, we'll provide you with a home loan solution tailored to your needs at a highly competitive rate. We offer approval certificates (subject to normal criteria), revolving credit facilities and flexible repayment periods.
Key Features and Benefits:
- Flexibility - flexible mortgage option tailored according to your lifestyle and budget.
- Variable interest rate in line with the fluctuating prime rate.
Overdrafts
Our Overdraft facility could give you the advantage of greater freedom and flexibility to cover unexpected expenses for up to a year.
Key Features and Benefits:
- Flexibility terms - we can agree an Overdraft for any period up to one year.
- Instant access; with our Overdraft, your funds are ready to use when you need them.
- Borrow what you need; our Managers will agree your borrowing limit with you.
- Interest calculated daily and charges to your account on a monthly basis; the variable interest rate is linked to the prime rate.
- Cash flow - an approved overdraft helps you smooth your cash flow and provides extra capital when you need it most.
Card Division
ATM Card
As a business bank, we understand that carrying large sums of cash around can be risky and thus the need to have ATMs conveniently located to ensure that you have access to your cash 24 hours a day and 365 days a year.
All our branches, countrywide, have securely and conveniently located ATMs to serve you anytime of the day; if you want to withdraw cash, check your balance or get a mini statement, our ATMs are securely located for your service.
With your Mercantile Bank ATM Card, you can also make a withdrawal from any bank in South Africa.
Drive Card
The Drive Card is the only card you will need on the road as it is linked to your vehicle for enhanced security. It has been designed for fast, efficient and safe vehicle-related transactions.
You can use it to pay for emergency repairs and spares as well as fuel, oil and other vehicle expenses. You can even use it to pay toll fees – and, of course, it’s safer than carrying cash.
Other Benefits:
The Drive Card is linked to your credit card. Linked monthly statements detail your transactions.
Credit Cards (Business)
Mercantile Bank Business VISA Credit Card
- Both types of Mercantile Bank Business VISA Credit Cards offer tailor made solutions for your business regardless of the number of employees or the size of the business.
- Mercantile Bank Business VISA Credit Cards must be settled in full at the end of each month. Repayments may be spread over a period of up to 60 months, but you have up to 55 days interest free credit on purchases when you settle the full outstanding amount before the due date.
- All payments can be made through electronic transfer, cash or cheque payment or debit order from your Current Account.
- Should you choose the debit order option, the amount will automatically be credited to your Mercantile Bank Business VISA Credit Card account. This option saves you running around making payments through the Branch deposit option.
- All transactional costs including annual or monthly Card Fees can be found on the Mercantile Bank Pricing Guide.
Mercantile Bank Business Silver VISA Credit Card
Tailored to suit the needs of any type of business entity, the Mercantile Bank Business Silver VISA Credit Card is perfect for your daily transactions to assist in managing your business finances along with worldwide acceptance.
Key Features and Benefits:
If you are not the only one responsible for making payments, you can arrange for secondary Business VISA Credit Cards to be issued to nominated member(s) of your staff. A separate statement will be issued for each cardholder and a single statement for the company.Mercantile Bank Business Gold VISA Credit Card
Enjoy the prestige and incredible benefits of our Mercantile Bank Business Gold VISA Credit Card, which automatically recognises your business achievements and status with a rewarding credit limit and worldwide acceptance that takes you further.
Key Features and Benefits:
If you are not the only one responsible for making payments, you can arrange for secondary Mercantile Bank Business VISA Credit Cards to be issued to nominated member(s) of your staff. A separate statement will be issued for each cardholder and a single statement for the company.The Mercantile Bank Business VISA Credit Card is an additional credit facility and is not connected to your main bank account.
Credit Cards (Personal)
Our Mercantile Bank Personal VISA Credit Card offers you the freedom to pay for that nasty surprise car service or to surprise that special person in your life with a weekend away with the option of paying it off over a few months. The Mercantile Bank Personal VISA Credit Card is uniquely tailored to your needs and provides you with the convenience of making your everyday personal payments whenever and wherever you need to.
A Mercantile Bank VISA Credit Card allows you to make payments all over the world and is accepted anywhere in the world where there is an ATM with VISA logo.
Mercantile Bank Personal Gold VISA Credit Card
Our Mercantile Bank Personal Gold VISA Credit Card will provide you with the exceptional benefits and status recognition you deserve along with a generous credit limit to suit the lifestyle and glamour you have achieved.
Key Features and Benefits:
- Mercantile Bank offers a budget facility for high value purchases with repayment terms of up to 60 months.
- You can link one or more family member(s) to your account. Each member will receive their own card and the transactions will reflect on your account, making it easy to keep track of all the expenses and transactions.
- Flexible repayment terms. You may choose to pay a minimum of 10% of the outstanding balance or to pay off the total amount spent at the end of each month.
Mercantile Bank Personal Silver VISA Credit Card
The Mercantile Bank Personal Silver VISA Credit Card is the safest and most convenient way of spending for day-to-day expenses, entertainment, shopping, etc.
Key Features and Benefits:
- Mercantile Bank offers a budget facility for high value purchases with repayment terms of up to 60 months.
- You can link one or more family member(s) to your account. Each member will receive their own card and the transactions will reflect on your account making it easy to keep track of all the expenses and transactions.
- Flexible repayment terms. You may choose to pay a minimum of 10% of the outstanding balance or to pay off the total amount spent at the end of each month.
Budget Facility
- When you need to spend a little bit more without worrying about a large increase in your monthly repayment, opt for your budget facility.
- The budget facility is valid for purchases of R300 and over, and allows you to spread repayments over a period of up to 60 months at a competitive monthly interest rate.
- Your budget facility is separate from your straight facility, but you have the freedom to allocate funds from your budget to your straight facility and vice versa,
- To make use of your budget facility easy, simply inform the cashier conducting the transaction of your desired repayment period, sign the slip and enjoy your purchase.
Lost or Stolen Cards
Please report a lost or stolen Mercantile Bank VISA Credit Card as soon as possible. You can contact our 24 hour hotline on 0860 11 99 25. We will issue you with a new card within 48 hours, which can be collected at your nearest branch or as per your request.
Please note that you will be liable for payment of all transactions recorded until the card is reported lost or stolen, so prompt notification is very important.
Travel Insurance
- Check-in times, foreign languages, bags and more bags. In short, you have enough to think about during your travels. A Mercantile Bank VISA Credit Card is the perfect travel companion. Not only do you not have to worry about carrying cash in your pocket; it now also offers you peace of mind in the form of Travel Insurance.
- If you charge your flight ticket to your Mercantile Bank VISA Credit Card, you automatically qualify for free local and international Travel Insurance.
- Should the free Travel Insurance not cover all aspects of your travel, you can make use of optional top-up at an additional cost.
Drive-Through Tellers
Mercantile Bank not only provides conveniently located branches for your business but also gives you branches with highly efficient and friendly Drive-Through Tellers. Our accessible Drive-Through Tellers operate during normal banking hours in a well-secured environment.
The Drive-Through Tellers provide all key banking services from cashing a cheque to accepting deposits.
Mercantile Bank branches with drive-through facilities are:
- Boksburg
- Troyeville
- Horizon
- Bruma
Electronic Banking
BANK@bility
BANK@bility is a sophisticated, yet user-friendly Windows-based electronic banking solution for home and business use. It allows you to perform a wide range of banking functions within a secure virtual banking environment. Whilst it allows for the management of accounts, it supports the full range of banking functions associated with branch.
BANK@bility caters for both individuals and businesses and our modular structure allows you to select those modules best suited to add value to your specific Electronic Banking requirements.
BANK@bility offers:
- Balances
- Statements
- Nominated Account Payments
- Beneficiary Maintenance
- Inter Bank Transfers
- Once Off Payments
- Mercantile Bank Interest Rates
- Order a Chequebook
- Request Formal Statement
- Request Stop Orders
- Request Stop Payment
- Foreign Exchange Rates
- Order Traveller's Cheques and Drafts
- Secure Electronic Messaging Facility
- Full Audit Facility
- Issue New Users and Change Password (Operators & Signatories)
- Full System Help and Version Control
- Income and Expense Budgeting
- Financial Calculations and Predictions
- Graphs (Income & Expenses)
- File Import of Creditor and/or Salary Batch Payments
Key Features and Benefits:
- Extended banking hours.
- Banking from an office or from home.
- Reduce the risk of paying wages and/or salaries in cash, by electronically crediting employee bank accounts.
- Receive sophisticated services electronically.
- Reduce administration.
- Process large transaction volumes.
- Reduce or even eliminate cheque writing and subsequent cheque fraud.
- Multiple users and multiple user levels.
- Access control.
- Off-line functionality-capture payments offline.
- Network capability.
- A full audit trail for every transaction performed on the system.
- Future dated payments.
e-BUREAU
At Mercantile e-BUREAU, we specialises in providing leading edge, cost effective, time saving, secure systems for processing and managing electronic payments and collection through the South African Banking Systems. We have a range of products to suit all enterprises from small companies to large corporate companies. No matter the size of your business or the volume of your transactions, we have the solution.
e-BUREAU objectives:
- Provide the simplest professional solution for all our clients.
- Submit safe clean date into the banking system.
- Manage transactions through all stages.
- Automate all processing.
- Provide a sound audit system.
e-BUREAU Additional Services:
- Sponsored Bank
A Sponsored Bank is a Bank that provides for the financial leg of a direct collection or payment facility. - Electronic Payment Linking (EPL)
Our systems cater for payments and collections, all volumes of transactions, whether you require a full solution or batch processing. - Validation Accounts
All account numbers and credit card numbers entered into the system are validated at the point of entry. - Securing your Data
Secure movement of all data is ensured using 128 bit encryption. - Bankserv
EFT transaction clients can make use of dated, one day, or same day services. - Nominated Banking Accounts
All qualifying organisations will have their own Relationship Managers allocated, who will, in conjunction with our client, agree on the item limit, an aggregate limit and the type of sub services required. - Unpaids
All unpaid transactions will reflect with full reference details and reason codes. Unpaid transactions reflect as a single entry on the Mercantile Bank statement. A full report of all unpaid transactions is provided electronically.
Key Features and Benefits:
- Secure systems with fully electronic data transfer.
- Market leading systems from web hosted to local installs.
- Fully automated and thus reduces workload.
- Available nationwide.
- Competitive pricing.
- Full time development team ensuring systems are always up to date.
- SMS and email and confirmations, unpaid notifications and reminders.
Foreign Exchange
We offer full Foreign Exchange facilities. Whether you need Foreign Currency, Traveller's Cheques, Letters of Credit, Forward Exchange Contracts or Drafts, we ensure that your Foreign Exchange requirements are handled quickly and efficiently.
Drafts
The following should be taken into consideration when considering Drafts:
- Drafts are not drawn on the issuing bank, but on the issuing bank's foreign correspondent.
- Drafts are not a substitute for Traveller's Cheques.
- Drafts are cheques and will be treated as such - some companies might want to ensure that the Draft is cleared and paid before they will release goods or perform services against it.
- Electronic payments are more secure and reliable and can be used in lieu of drafts.
- Mercantile Bank branches will usually need advance notice to prepare a Draft and we recommend using registered mail services to send your cheque to the beneficiary.
Key Benefits:
- Pre-pay your hotel.
- Pre-pay your car hire.
- Pre-pay your sightseeing tours.
- Pay your foreign subscriptions.
- Send a Draft as a gift or as a student allowance.
Exchange Control Services
Our International Banking/Group Settlement Division also offers the following products and services;
- Open Account Foreign Payments (Payment Orders or Telegraphic Transfers Inward and Outward)
- CFC (Customer Foreign Currency) Accounts
- Currency Investment Accounts – Foreign Currency Accounts (FCAs)
- Offshore Trade Finance
Visit any one of our branches for assistance with your export/import documentation.
Foreign Cash
If you intend travelling abroad you benefit from having some foreign currency available to pay for taxis, food, tips and other small items.
You can buy foreign notes from a Mercantile Bank branch.
- For your convenience it is advisable to order your foreign notes at least 48 hours before your trip.
- For charges, visit our Pricing Schedule.
Imports and Exports
Businesses all around the world are increasingly depending on buying and selling from other countries. Although the international trade environment has changed substantially over the last 100 years, the risks have essentially remained the same.
Mercantile Bank is ready to assist you with your trade documentation and adherence to exchange control regulations.
SWIFT
Electronic payments are the most commonly used method of transferring any currency. These payments are most commonly used for imports and exports, but holidaymakers may also use them. They are done using SWIFT, a worldwide electronic payment and receipts network.
Key Features and Benefits:
- SWIFT transfers are secure and fast.
- Pre-pay hotels, car hire and sightseeing tours.
- Use to transfer student allowance.
- Payments can be made in 25 different foreign currencies.
- Due to time zones, payments should be made two days before the due date.
Traveller's Cheques
If you are travelling out of the country either for business or holiday, you can buy Traveller's Cheques directly from us.
Using your Traveller's Cheques
Safeguarding your Traveller's Cheques:
- Immediately sign each Traveller's Cheque in the top left corner to protect yourself in case of loss or theft.
- Keep the serial numbers of your Traveller's Cheques separate from the Cheques.
- Safeguard your Traveller's Cheques, as you would cash.
Spending Your Traveller's Cheques:
- Use them directly at hotels, shops, restaurants and services.
- If your Traveller's Cheques are in the local currency, they can be spent directly for goods or services - acceptors need only watch you sign your Traveller's Cheques, compare the signatures, and give appropriate change.
Key Features and Benefits:
Traveller's Cheques are welcomed throughout the world as a means of payment.
- A wide range of currencies and denominations are available, offering you the flexibility you need.
- Safer than cash - if lost or stolen they can be replaced virtually anywhere in the world, usually within 24 hours.
- No wastage - we'll buy back your leftover Traveller's Cheques on your return.
Insurance
Mercantile Insurance Brokers (Pty) Ltd (MIB), a subsidiary of Mercantile Bank Holding Ltd, has over 25 years experience in providing insurance solutions to people and businesses.
MIB employs a team of highly experienced individuals to provide professional financial services that are tailored to meet our clients’ specific circumstances.
We deal only with reputable insurance companies and, thanks to the state-of-the-art technology, are able to respond quickly to our client’s needs.
MIB is a member of the South African Financial Services Intermediaries Association and is also an Authorised Financial Services Provider.
Life Assurance
MIB offers a comprehensive solution for your life assurance needs, taking into account the following:
- Estate Planning
- Health Planning and Medical Aids
- Investment Planning and Products
- Retirement Planning
Short-Term Products
We offer personal insurance for your home, car and other belongings, as well as insurance for your business and other commercial needs.
Benefits of dealing with MIB:
- MIB offers personalised service.
- MIB offers a fully comprehensive insurance package.
- MIB offers prompt processing of claims.
- MIB has national representation through Mercantile Bank branch network and associated brokers.
Investment Solutions
Our investment products aim to reward you with the best return on your money. Mercantile Bank will cater for all your investment and Foreign Exchange needs.
Call Account
To ensure that you transact and save at the same time, our Call Account will give you peace of mind and financial security.
Key Features and Benefits:
- Minimum balance is R1 000.
- Statements are available on request.
- Short-term investment solution for you.
Fixed Deposit
- A Fixed Deposit is an interest bearing account where funds are deposited for a fixed period or specific term.
- Interest on a Fixed Deposit is calculated at a fixed rate of interest and is payable on the maturity date of the deposit or on a monthly basis.
Key Features and Benefits:
- A Fixed Deposit is a secure investment suited to investors who require a fixed rate of return for a specific investment period.
- The term of the investment is tailored according to the particular requirements of the investor.
- The interest rate earned on the Fixed Deposit is determined at the start of the investment period and does not change over the life of the Fixed Deposit.
- A minimum balance of R1 000 is required to open a Fixed Deposit account. Transactions for lesser amounts are possible and can be arranged and concluded through Mercantile Bank’s branch network.
- The minimum period for a Fixed Deposit transaction is seven days, although these deposits are generally transacted for periods of three, six, nine and twelve months.
- Once transacted, the funds are only available to the depositor on the maturity date of the deposit.
- The interest rate payable on the deposit is fixed for the entire duration of the transaction and is not subject to change due to changes in money market interest rates.
- Interest payments can be capitalised to the deposit amount on the maturity date of the transaction, paid out on the maturity date of the deposit, or paid on a monthly basis.
Lisagrow
A fixed amount of money is deposited, for a fixed period.
Key Features and Benefits:
- The rate of interest applied, can, however, be adjusted from time to time in accordance with market trends, but will not fall below the initial rate given.
- Interest ceases to accrue upon maturity and no further interest is due or payable unless the Bank has received instructions in writing for the renewal of the unfixed fixed deposit.
- A minimum balance of R5 000.
- A minimum period of 12 months is required.
Negotiable Certificates of Deposit (NCD)
- A Negotiable Certificate of Deposit (NCD) is a fixed deposit with a bank, which is tradable and can be sold in the secondary money markets.
- These instruments can be issued for terms ranging from 3 to 12 months.
- The most frequently issued tenures range between three and six months.
- Although it is possible to dispose of our NCD before the maturity date, the price at which the NCD will be sold is not guaranteed.
- This means that the price is dependent on interest rate levels in the market at the point of sale, and therefore the investor wishing to sell our NCD in the secondary market will be taking a price risk on the investment.
- When Mercantile Bank issues a NCD, the Bank undertakes to pay the amount of the deposit plus interest, calculated at a fixed rate of interest, to the holder of the certificate (bearer) on the maturity date of the instrument.
- Most NCDs issued are for tenures less than one year, with interest payable at maturity, i.e., on a coupon-bearing basis. In the case of NCDs issued for periods exceeding one year, interest may be payable, either at the end of the deposit's term, or half-yearly in arrears.
Key Features and Benefits:
- NCDs are tradable and negotiable in the secondary markets. Investors are therefore able to liquidate their investments before the maturity date, if so required.
- The NCD market in SA is fairly liquid, which improves the availability of the investor to sell the instrument before its stated maturity date. Since the NCD can be sold before the maturity date of the instrument is reached, it is of great benefit to the investor, who does not have to wait for the maturity of the NCD to receive the invested funds.
- A minimum balance of R50 000 is required for this type of investment.
- When initially issued, the interest rate on the NCD is fixed.
- A fixed rate of interest-called a coupon - is payable on the maturity date of the NCD.
- The amount originally invested represents the face value or nominal value of the security. In the case of Short-term NCDs, where interest is paid at maturity, the simple interest earned for the full period is added to the nominal value and paid to the investor at maturity.
- Long-term NCDs may be issued for periods up to 60 months.
Datum Account
Datum Account offers notice deposits functionality to enable you to invest your money for specific periods and rates.
Key Features and Benefits:
- The money is invested for an indefinite period but with an agreed period of “advice of notice” to withdraw.
- Notice can be 32 days, 60 days or 88 days.
- Rate of interest applied depends on amount invested and period of notice.
- Increases or decreases in the rate are effective immediately.
- A minimum of R5 000 is required for all notice accounts.
Primegrow Investment
A Primegrow Investment is a fixed 24-month investment product.
Key Benefits:
- It is linked to the prime rate.
- At the opening of a Primegrow Investment, the rate applied to the investment is linked to Mercantile Bank’s Prime Rate in which case it will fluctuate accordingly.
- Your rate will fluctuate up and down in line with the prime rate.
- Risk free, your capital is secure during the 24-month investment period.
Transacting Solutions
Discover Current Account
Mercantile Bank’s Discover Current Account offers you greater flexibility and freedom. If you receive an income of at least R300 000 per year, this is the account for you.
Who qualifies for the account?
- Customer with a good credit record.
- Customer with a regular annual income in excess of R300 000.
Key Features and Benefits:
- Guaranteed cheques up to R3 000.
- You may qualify for personal unsecured overdraft facilities of up to R50 000 at preferential rates.
- You qualify for a Mercantile Bank Gold VISA Credit Card with a minimum limit of R10 000 and budget account facilities.
- You may qualify for a preferential home loan interest rate, access to revolving credit facilities and other value adds that the Bank may launch in future.
- Flexible ATM cash withdrawal limit per day via ATMs.
- First chequebook of 40 cheques free.
- First ATM card free.
- Statements - monthly statements list all transactions and your current available balance.
- Online Banking; manage your money 24 hours a day, 365 days a year with our Telephone and Internet Banking service (access to BANK@bility).
Pensioner's Package
A package especially designed for our pensioners.
Who qualifies for the account?
- The qualifying age for a pensioner’s package is 60 years old.
- In addition to this, you will have to hold a minimum of R20 000 in a branch investment account.
Key Features and Benefits:
- No process fees paid.
- Receive a 0,25% higher interest rate on our quoted investment rate.
- Receive free estate and will planning if so required. (This will only apply to customers with a minimum net worth of R1 million). The Bank should be nominated as the executors of the will and therefore levy a fee of 3,5% of total value of the estate.
Personal Current Account
The basic current account gives you easy access to our comprehensive range of financial products and services.
Who qualifies for the account?
- Customer with a good credit record.
- Customer must be employed or be an owner/shareholder of a business with a regular monthly income of at least R3 500 per month.
Key Features and Benefits:
- Mercantile Bank chequebook.
- ATM card for access to all ATMs in SA through the Saswitch facility.
- Unlimited access to BANK@bility, Mercantile Bank’s Internet banking solution.
- Your first ATM card is free of charge.
Professional Cheque Account
The Professional Cheque Account package is the package tailored to accommodate the specific needs of professionals and high net-worth individuals. The Professional Banking offerings include various types of finance packages suited to the specific needs.
Key Features and Benefits:
Upon opening a Professional Cheque account, the customer will qualify for:
- Cheques guaranteed up to R3 000.
- Debit order switching facility.
- Gold card with limit of R10 000.
- Preferential home loan interest rates.
- Access to BANK@bility and various loan facilities.
Savings Account
To enable you to save and earn interest while allowing you access to your money at all times.
Key Features and Benefits:
- Card based account giving you full electronic functionality to conduct all types of electronic payments.
- Minimum opening balance of R100 is required.
- R50 minimum balance at all times.
- Tiered interest rate.
- Interest is calculated daily and capitalised monthly.
- Funds accessible anytime at any ATM in South Africa.
- Save and transact with one account.
 |
|
Last Update: 06/04/2011