Capitec Global One Account

It is a well established fact that South Africa’s banks still need to do more to ensure that all South Africa’s have access to fair and cost-effective banking services. Banking statistics reveal that services offered to middle and low income South Africans must be guided by simplicity,comparability,transparency, accessibility and competitive.One institution making all the difference and living up to these standards is Capitec.

Capitec is a commercial bank in the Republic of South Africa. Established in 2001,it is one of the locally controlled banks licensed banks licensed by the Reserve Bank of South Africa. Capitec has endeared itself to the banking industry and customers at large by ensuring that when it comes to banking,simplicity is the ultimate sophistication. One product living up to this business value is the Global One Account.

The Capitec Global One account is an affordable transaction account which offers the best banking value to customers of any age.The monthly fee for this account is R5 and you pay charges as you transact.You can link your savings accounts to your transactional account and on all accounts you earn at least 4.4 percent interest.The only condition regarding minimum balances is that you must have at least R25 in your Global One account.

Other benefits enjoyed through this account include a free debit card,you can also open savings accounts and transfer funds among all your accounts at no extra administration fee.There is also favourable interest rates even on your transaction account,which means that the interest you earn in a month could cover your bank charges.

Capitec Bank can be contacted on 0860102043.