Capitec Bank is situated in South Africa. It provides support 24 hours via internet banking service to its clients. It is one of the internet banking suppliers which is most popularly used.
Capitec provides the most reasonable banking charges for individual transaction accounts and for middle class customers.
Overdraft services and credit cards are not available, but other ordinary banking services are offered.
Capitec Bank’s Charges
Capitec Bank is the only one that provides interest on positive balances. Therefore, a customer with a balance of R 230 who makes 12 transactions each month is charged R22.94 every month. Capitec provides just one account to customers of every income group.
Capitec Internet Banking
Capitec internet banking is a service which is completely free and gives its clients a secure and compact environment for internet banking. It provides products which are cheap and simple.
Benefits of Banking with Capitec Bank
Capitec Bank’s main attraction is its provision of only one kind of transaction account called the Global One Account. It does not matter what income the customer generates.
The Annual Percentage Yield (APY) is very impressive as well and 1 year produces yields of about 6.15%. No extra charges are required for this service.
It is easy to connect your various internet bank accounts and therefore move your money to and fro in a simple manner. The only thing you are required to do is access your Capitec bank account and select the transfer you want. This is entirely free on the side of Capitec Internet Banking.
At a small fee, you are able to pay all the bank bills you have via the internet banking service. Apart from providing easy plans for saving income, Capitec Bank has its own CD’s.
This means you can invest your extra money in this product. The rate of return is higher compared to other common banks.
The loan facilities they offer are convenient and you are allowed to select from their many loan options, with repayment terms which are solid.
The Customer service at Capitec Bank provides you with instant response for any questions made online via their website’s communication service.
You can completely depend on Capitec’s Internet Banking service as it is insured 100% by FDIC therefore you have no reason to worry about losing your money.
Capitec Bank Loans
Being among the leaders in retail banks of South Africa, Capitec Bank provides various financial products to simplify life and banking for their customers.
The Capitec Bank Multi Loan is monthly and approval is given in-branch. It undergoes review after every 12 months. Loans of up to R100 000 are provided and various kinds of repayment periods are available to select from.
It is possible for you to conveniently transfer part of your Multi Loan Funds to your Daily Savings Account any time from any location through sms, so long as your bank has approved. You can also utilize their secure internet Banking and ATMs to transfer money.
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