South African consumers pay some of the highest bank charges in the world. While local banks are often lauded for their quality financial services, a common complaint about the banks is that their banking costs are exorbitant.
According to a recent Solidarity Bank Charges Report, Capitec Bank clients pay the best fees on bank transactions.
In fact, five million Capitec Bank clients pay less than R50 a month for all their banking.
Founded in 2001, Capitec Bank has grown steadily to become one of the biggest banks in South Africa, with over 7 million active clients.
The bank operates on the premise to provide simplified banking solutions and continues to successfully gain more clients who want to benefit from lower transaction costs and banking costs in general.
In addition to normal branch banking, Capitec Bank offers simplified digital banking solutions through the Capitec App.
Here’s how you can save 50% on banking costs with the Capitec App:
By choosing the Capitec App you get to benefit from lower transaction costs. There are also zero data charges when you use it to do your banking.
The app is secure, easy to use and available on a range of supported smartphones.
It’s also free to download and there are no monthly subscriptions. The service is free to use for MTN, Vodacom and Cell C users.
Every transaction is protected by your remote PIN, so you are assured of secure banking.
By using the Capitec App you can pay beneficiaries at half the cost.
It also makes it easier to track your spending and to manage your budget.
What else you can do with the Capitec App:
- Make payments
- Buy airtime, data and SMS bundles
- Buy electricity
- Add beneficiaries
- Add future-dated payments
- Do credit facility transfers
- Pay a Capitec Bank client using their verified cellphone number
- Stop and/or dispute debit orders
Visit www.capitecbank.co.za to find out how you can save 50% on banking costs with the Capitec App.