Investec Private Banking Requirements

The South African banking sector is a growing and evolving one. Regarded as one of the most unequal societies in the world, the country still has a significant unbanked population. On the other side of the fence, a small percentage of the population has significant wealth. Every individual has their own unique needs in terms of finances.

The major banks in South Africa have tapped into the various opportunities presented by the South African market.

The wealthy portion of the population is offered specialised services in the form of private banking by many banks. This specialised service is driven by a mandate to provide clients with fast, efficient service. Clients have a range of products and services to choose from which are designed to help them meet their personal financial needs, such as insurance, wealth management, personal and business loans among others.

Ones such bank that has tapped into this market is Investec.

Tell me more about Investec?

Investec Private Banking is a specialist financial services provider that helps you to manage and preserve your wealth.

From transactional banking to wealth preservation, Investec has a range of services to offer its clients.

What are some of the benefits of private banking?

You have access to your own private banker

You receive lending rates

You get access to a dedicated call centre

Private bankers are considered a lower lending risk by most banks, as they are less likely to default on payments

You can benefit from personal relationship banking, which has tailored solutions for your needs

Investec Private Banking requirements:

There is a threshold entry level salary of R800 000

You must have a willingness to pay higher banking fees

According to Deon Katz, head of Banking SA at Investec:” We review each client on a case-by-case basis.”

If you are keen on finding a reliable, trusted financial institution that can cater to your unique private banking needs, Investec may be the ideal solution for you.