Their charges for everything else are equally ridiculous. The minimum monthly fee is R57, internet banking is R22, which is nearly R80 a month for nothing. Withdrawing R from a Standard Bank ATM will cost R To add insult to injury,you earn no interest on your current account!

Monthly account admin fee is R4, to withdraw R from ANY ATM is R6. I opened my account on the weekend, it took about an hour and everything seems to be in order. I plan to close my Standard Bank account next month and will let you know how everything goes. It is now 4 and a half years later and I am very happy I made the move.

Over this time I have saved at least R5, in bank fees and have had no hassles. In the middle of the same process. Bect part about Capitec is zero charge for a debit card transaction! The Standard Bank travel wallet is a complete nightmare. We have just returned from the States and tried to use this card but most merchants declined the card. The only thing it is good for is to draw cash so why go to the trouble. Trying to sort things out with the travel wallet division is another joke as my card then was stolen and trying to call the fraud department from overseas requires a lot of money as you are hold forever and most of the time you are wasting your money.

I stopped the card as soon as I realized it was gone and further transactions were registered after this date and they are now saying this is my problem. Really never go this route it is so frustrating and the worst product we have ever used. I am so infuriated by the whole experience I am considering changing my bank, home loan and cut all ties with them — it has just been totally unpleasant!!!!!!!!!!!!!!!

Capitec is sounding like a great option! If you think Standard Bank are bad, you should try Nedbank! The biggest bunch of morons that ever infested the face of our planet! I am looking for a new Bank and it looks like Capitec might just be that bank. Not once did they bother to ask me about it, let alone give me some kind of headsup. Interesting point you have made. I have made a calculator which compares all the bank charges here in ZA.

How important do you rate customer service in relation to price? Thanks Greame, I used the calculator and it confirmed that I will actually be earning money on my current account as the interest will be higher than the fees. Looking forward to that phenomenon! Dianne — my banking requirements are simple. I need an account to hold my money and allow me to make some payments, etc.

Service does not play a role. Maybe a business account would be different. For all I know it could be better. What I do know is that paying your Standard Bank credit card online from your Capitec account will still be cheaper than transferring money from your other Standard Bank account. I would suggest you kill the Standard Bank credit card and replace it with a Virgin credit card no annual fee and kill your Standard Bank current account and switch to Capitec.

That will be the optimal combination. Cheers Sumarie Brand Capitec Bank. Hi Dax I found your blog while I was searching for info on Capitec.

Sounds like you just did what I am thinking of doing. After being with Standard Bank for the last 19 years, I think it is time for a change.

I realize that this was my fault, but I am sick and tired of logging into internet banking to shift numbers around. What I like about the Capitec account is that everything is in one interest bearing account. I can just put all my savings into the account and transact from there.

I am still looking at the different options, but Capitec sounds like it could work for me. I will check back here to see how things worked out for you. I moved to Capitec about a year ago.

I nearly fell over the first they put money INTO my account. I have nothing but rave reviews for Capitec and encourage anyone who is thinking of doing a switch. They have also been really great to deal with in comparison to Standard Bank, except that I obviously have to pay back any amount that goes into credit. I had to make a second trip into the Capitec branch to open my savings account linked to my current account. I could have saved myself that second visit if I had thought about it before I went in the first time.

I closed my Market Link account at Standard Bank and had them transfer the balance to my current account. When that was done, I transfered that into my Capitec Savings account.

I had to phone the call centre to get the details for the FNB suspense account so that I can pay my discovery card. The Capitec call centre was efficient and helpful. I have now contacted all companies that debit my account every month and informed them of the change of details.

I have also informed HR of the new details for my salary. I have left some money in my Standard Bank account in case I have forgotten about some debit.

I will close it next month and the process will then be complete. This has interested me a lot being a long time Standard Wank customer. Can you post some details on how to obtain these Capitec and Vigin Acounts? Is it just a matter of going to a branch near you? Hi Simon, opening an account is easy. Just go to your nearest Capitec branch with your ID and a recent utility bill to prove your residential address. It takes a few minutes and you have your shiny new bank account.

For the Virgin credit card, go to http: What about credit history when applying for home or business loans? I went to standard bank yesterday and asked their opinion on the fact that all their customers are going elsewhere, their response was that yes you do get better rates but when it comes to credit history this might affect you when applying for loans…. I doubt it will affect you when applying for loans.

The Credit Act specifies the criteria that is used to evaluate your credit worthiness. Loyalty is a thing of the past. When you want a loan, they type in the numbers into their software program and it tells you how much you can borrow and that is that. Also looking at changing banks after checking my last ABSA statementto see they have been charging me more than R a month on basic electronic transactions.

Phoned ABSA and they now tell me they can give a managed account fee option at half my current fees. LOL — now after ripping me off for 13 years.

Really peaved and made up mind to change banks and came across this blog while doing research on Capitec. I would be interested to hear your experience, as I have been thinking of transferring all my accounts from Absa to Capitec.

One would still need to keep those with the institution where they are currently. And so it it done, after more than 15 years with Standard Bank, I walked into the Paddocks branch today and closed my account. They tried to convince me not to do it, but after I explained the benfits of moving, I think they might move their own accounts too.

I have a cheque for the balance in my Standard Bank account and when I have deposited it into my Capitec account the process will be complete. Why did it take you so long to realise? I left Standard Bank more than a year ago and i have saved a lot on charges.

Now i am being victimised. For a personal loan i took from Standard Bank, though i pay for it regularly, i have a number of calls from Lawyers representing Standard Bank. I have ignored those lawyers. I have proof of payments i make. Well, today I tried for the second time to open an account with Capitec. They do not have a branch in my area so it is quite a mission to go there. The first time I went there I had an outdated utility bill, so that was my fault I guess. Today when I went there, they all of a sudden wanted some or other tax certificate.

So I told them that they just lost a customer — I am not going a third time. I still want to leave Standard Bank though, so the search is on again…. Just my opinion, Try Nedbanks savvy account linked with a justinvest savings account. IT will be around R68 a month and you get unlimited swipes and 3 free withdrawals a month. I like nedbank because of their social responsibility and the way they treat their staff.

You should go with a bank that gives you the lowest interest rate when purchasing a house or car. You always feel like you gonna lose your job. Nedbank has recognised that they lag in certain areas and is commited to change.

They really take interest in their staff and NEVER retrench. This could really change things around in 5 to 10 years. SAMBOU fell during an economic high. There is going to be a triple dip recession globally, and it will effect SA 3rd time around. Im just worried about that. With exclusive rights to AMEX and some upcoming online features. I think NEDBANK could be about the best in SA in the midterm.

Nedbank was down aroundbut new policies have really changed that. This is a problem that nedbank recognizes and is working on. You should already see advantages in terms of our call centre, and we are also looking at having branches open on sundays as well.

My opinion is that the bank that takes the best care of their staff and has social responsibilty will overall emerge the better bank. There is alot of stuff that nedbank does for society that most people arent aware of. I was charged I have peace of mind since i moved to Capitec account. Capitec really make banking easier and simple.

Instead of paying account fees i now get interest back into my pocket. I am a ex-Standard bank customer that changed to Capitec last year for my small bussiness. It was the best decision I could ever have taken. My banking fees are so low and their service is GREAT!!!! This amount is about R45 per year. At Standard bank the interest we earned was always just about exactly the same as the banking fees for the year.

We started banking our money at capitec in july last year and end of November each member could be paid out an amount of R interest! I think that is excellent. I wish I could move all our accounts to capitec. But they do not have a home loan or cheque account facility. So my husband unfortunately has to stay with ABSA! I would recommend a swop to Capitec for anyone that wants to save! She was a housewife on a farm all her life and made some money raising chickens, selling eggs, doing crochetwork, selling homemade butter etc It was never lots of money she earned but she used some and spend some wisely.

She passed away in February and her worth in cash was over a million rands- she was an example to me- and I think it is easier to bank with Capitec and start saving those cents and rands than raising chickens……. Standard bank is a night mare R flat bank charges per year without any transaction included. Deposits, internet banking, withdrawals, stop order e.

Its been 4 months without using my Standard cheque acc and they tell me I owe them R Cant wait to close this acc. I m enjoying saving my money with Capitec, y pay for wat y have used at very low cost, if not free. R60 per year bank charges. Greeting to you all. Yesterday was Potji day. The usual discussions about rugby — cricket — soccer and then some how the subject changed to finance.

The OLD MAN banks with FNB. This old man banks with ABSA. Then some one was with Ned another with Std. Nobody, when I asked, was with Capitec. It was a case of capi who. I have 3 accounts with ABSA. Unless someone can come up with a good reason why not I shall be transfering to CAPITEC this month. I shall also get the others who where with me to look up Capitec and ask a few questions.

Thank you all for your input. Thanks to the internet, without it I would still be wondering. Capitec is a good option, as long as you are looking for a vanilla savings account.

One was where capitec took 4 years to reimpurse money which was stolen from the account. Cannot find a comment from capitec on this. The other thing which makes me think is that the major capital invested in the business is by Riaan Stassen and leRoux. What happens when they pull out. Do we end up with another bank collapse with customers losing their savings. I have been with Capitec for more than 5 years now, was with standard before that, and I have never regretted it.

Have totuted capitec to all my friends and the ones that have moved over have never regretted it. In one of the extra accounts, I put in R and got R66 per month. Interest on credit has dropped. However, they still blow all other banks out of the water. Rates and fees Daily Savings Savings Plan Account Flexible Term Fixed Term. Standard bank is shocking! The last two months have been a nightmare with them to say the least — and before that a disaster waiting to happen!

What amazes me is that i did not request an overdraft facility — infact i declined one when a sales rep contacted me. I have had this account for over 6 years and never once have i been in a negative balance. When calling the bank they had no explanation for this instead they told me that I didnt have an overdraft facility.

When I contact the bank again I get told that I get charged a monthly fee for not having an overdraft facility. To make matters worse — The last 5 months I have been charged over R for banking charges and internet banking which for 4 months did not work at all. This service is designed to make life easier — yet Everymonth i find myself in this stupid bank fighting a lost cause! Just like everything else in South Africa internet, cell charges, etc. Capitec has proven that they can dramatically cut bank charges and still be successfull.

In my opinion, they are nothing more than crooks, stealing our hard earned money! Thank you to Dax for posting this subject. Hi Dax — Standard Bank has a lot of rip-off options, but after carefully studying their spreadsheet I have found an option that actually has decent value.

That is an improvement, looks like Capitec is shaking things up. But they still pay you no interest on your current account. I earn more interest on the little bit of funds in my current account than the fees I pay. Therefore Capitec would save you R67 per month plus you get a huge interest rate 6.

Therefore every year you would save R in interest charges alone. Then you still get to add your savings compounded monthly.

Plus statements are free when you have internet and internet banking is also free ie no monthly charge, but you do pay per transaction. I just wanted to thank you all for all the very helpful information. They have only ever taken from me, like last month where they charged me almost R for late charges on my credit card cos I couldnt pay it intime, and they couldnt have been bothered when I told them I currently didnt have an income.

Talk about an eye-catching tag line. I opened your site before the Capitec site and you made my mind up for me before I did any reading on their site — Dax, they should start paying you commission for each convert. In the last two months Standard bank employees have cost me R Laughable when you consider that for an extra R1.

Thank you for your interest in Capitec Bank. Capitec Bank offers a savings account facility known as the Global One Banking Facility.

The Global One Facility is a unique product offering that is designed for an individual. However, we do offer Employer Salary Transfer Facility ESTF which allows you to make cost-effective weekly or monthly bulk payments. You can also settle the payroll from any location because it is an Internet-based product, offering convenience like never before. Should you have any further queries in this regard, please contact Commercial Client Care on Fil, you are correct, they are not business oriented at the moment.

I have to deposit a cheque from Google, so am waiting to see how they handle that as the branch was not able to do it.

Having said that, I have created accounts linked to my account for my various businesses, because I really just need to receive payments and make payments for which Capitec is quite suitable.

So I put Capitec to the test recently. I received a cheque from Google and it is not from a South African bank so the cheque reader at the branch could not read it. So I called the call centre. They were not very helpful so I emailed Sumarie from Capitec who left one of the messages above. She put me in contact with the correct person and I went and deposited the cheque the next day. All sorted and no extra charges. I was happy but I hope that everyone else that has such difficulties can get them resolved so easily.

I paid R Still happy with them, after 5 years now. Not as great savings, but still 8. Hi Guys, i am also sick of all the charges from all these bull Sh!

I finally have some big capital to invest, does any body know if Capitec can beat an intrest rate of 6. Now i have about R This for a R4 per month administration fee. For a fixed terms you get 8. Check to ensure that it is compound interest.

What I am not sure about, is whether or not other banks compound the interest daily as Capitec compounds the interest on a monthly basis on their fixed interest. Which is different from the savings account when I first took it out. Thank you for clearing that for me Justin, i will most def go to the West str branch on Saturday to get all the details. Cause ABSA offored me an intrist rate of 8. CAPITEC are my heroes. In October when I visited London, I was filled with glee when I could draw at the ATM as much as Pounds per day using the Capitec debit card without speaking to anyone first.

This was ofcourse after the Standard Bank Travel Wallet was a total stress. I just phoned Capitec today to find the nearest branch, i just about had enough with Standard bank. Been with them for years but they never made it simpler better or faster for me,just grief. Hi Dax Have been with Capitec for more than a year now. Thier banking hours are also great. Saturday they are open until 1. I think it is great plus all the other great deals.

You can have up to 5 linked accounts. I havebeen banking with standard bank for 15 years, and i have just had enough, apart from all the charges they charge, they have refused me anything i have ever requested frm them, home loan, credit card, car finance and a personal loan. I got all of these from different banks who were more than willing to help. Capitec is a far Winner in all categories; service, costs and fees, reliability, etc.

Opended a new capitec account last week and plan to close my Absa one next week. I want a bank which focuses on the basic stuff — so I dont have to subsidise, through my banking fees, their big buildings in Sandton, massive top management salaries, expensive adds in every newspaper, their gambling habits in the international futures and money markets, and their acquisition of dubious companies and properties.

Not to mention the effort they make in screwing over the little fish. They are too big not to fail. Opened an account last week with Capitec. Awesome experience so far. Hope to close my FNB cheque account soon. Tired of having to go into Nedbank to give formal written notice that I want to make a withdrawl on my savings account, I have just tried to open a Capitec Account.

Arrived with ID and proof of residence, but then get told I need Employment Contracts or tax returns. I only want to open a savings account. I did my tax return online…. There will be a complaint book right there in the foyer though that you can lodge your grievance if it was a dumb employee. Capitec will do all this for me at low rates. My question may sound silly, but … Do I still need a Credit Card as well and if yes, what for? For your credit rating. When you go looking for money the institutions look at your credit rating.

With no cheque or credit card account, you have no rating and it will take longer if ever to secure that loan. I am so glad I asked the question. How often should one then use a Credit Card? What other advantages are there, if any, of using a Credit Card? The advantages of a credit card are that you get interest free money for up to 45 days, you get free transacting, convenience and possibly rewards.

I use my discovery credit card to pay for everything and at the end of the month I just transfer the amount I owe. That way I pay no interest and I earn interest on that money while it is in my savings account.

I also earn discovery miles on all my transactions and pay no transaction fees. There are 2 disadvantages, 1 is that you might be tempted to use the credit instead of paying the whole balance. That becomes expensive and can lead to debt problems. It depends on how disciplined you are. The other is that there is an annual fee of around R depending on the card.

I recommend the Virgin credit card which has no annual fee. You will need to have credit worthiness to get a credit card though as it is the same as being given a loan, so some people do not qualify under the national credit act.

But I could be wrong. I settle all my accounts with Standard bank via an attorney debt consolidation only to get a phone call from them, 10 MONTHS later, informing me that I owe an amount of R40 They could not explain where that amount came from.

Somehow, now the amount has been reduced to R28 !!! They cannot find proof of payment on their account for the day on which the payments were made. I will never bank with Standard bank ever! Firstly Dax — GREAT BLOG!!!! Well done Justin and Dax. Everything is geared towards the technology and convenience that someone in has available to them. Sometimes it seems that the big 4 are still trying to do business the way it had to be done years ago except with computers. Capitec is breaking out the box and I look forward to seeing what they do in the future.

Thanks that I found this site. Iam sick of Standard bank. I have been with them for over 20 years and their service just gets worse and worse. I found that they charge me a fortune for basic things and they DO NOT even bother to listen to your complaints.

I was looking at Capitec but now Iam convinced, Iam opening my account tomorrow. Thanks for the feedback guys, Iv heard from other people locally that Capitec is cheap and gives better service than these other banks. I believe that Spark ATMs charge the same as Capitec ATMs so maybe give them a try and see what the charges are.

There are quite a few of those around. With regards to the ATMS, you can use any Atm, same as the top 4 banks, the charges are still low. R6 for any transaction, flat fee, no matter your withdrawl amount: You also have the interent banking option, transactions fees are lower than normal and no monthly subscription fee. Why would you need more ATMS? I guess because it R3 a tranaction and free balance statements? Still no train smash to use the other ATMS.

Ps, if Spark Atms are those ones in the shops, you will see a lot of them are powered by Capitec, the same bank charges apply. Also have saved considerably in fees during this time, as well as in both frustration and stress. Apart from appearing to be well organised with little in the way of complication, yet able to operate a very secure system, they also provide well for the needs and comfort of their clients when visiting their branches or using their facilities.

Standard Chartered PLC (STAN.L) Quote| icoqerum.web.fc2.com

This is in stark contrast to most of the other banks, as well as others in the service industry, who in this respect seem to put the customer way down in terms of consideration. I am now about to cancel my Nedbank credit card to avoid their ever escalating high annual fees as well as the unreasonably high interest fees incurred if one misses a full payment date even if it is their fault that in that they do not process the payment in time.

When comparing competitive savings account rates from other banks to those offered by Capitec, I would strongly advise that they are asked provide in writing details of all fees applicable to the account being considered, including any entrance fee to be charged on the amount deposited.

As a case in point, my wife on opening a fixed deposit account with Absa some time ago, was charged with such a fee which had not been disclosed to her, this in spite of her having asked for details of all the fees due. To their credit they did cancel this after receiving a strong protest from her, but she is now very wary indeed of dealing with them.

She is now also a confirmed Capitec client. Lets hope Capitec manage to maintain their current excellent level of service and avoid following in the footsteps of many other companies who have allowed their service levels to fall having become corrupted by success.

Herewith to share with you yet another pathetic service delivery experience. This time at Standard Bank Milnerton on 31 March This is of course my opinion and my experience, but why is it that the basic obvious costumer service is often neglected at this branch — or is it Standard Bank in general? Same old story Standing in a queue at month-end with only three of the five point of sales booths were open to the public.

This while businesses are making cash deposits and with the obvious increase of floor traffic more than VISIBLE at month end. No team leader insight. I personally think they are hiding from operational efficiency. Personal confrontation I raised my voice at this gentleman, because I wanted to. I wanted everybody to hear my complaint — because it concerned everybody in that queue. Another counter suddenly opened up. And this is not for me dear reader — this is for everybody standing in these queues.

Sad conclusion What comes to mind here? A definite lack of branch leadership. What I realised today is that this will NEVER change. They just cannot change it — unless you change the poor service delivery culture in management you will not see any changes. Fortunately most of our business can be delivered via the Internet. As always, I find this level of uninterested and pathetic service levels unacceptable, but let it be a lesson for the rest of us on how not to treat our customers.

The internet banking could use an interface update but it is functional and works. At this point it has no fluff features i. It is so nice to finally have my interest earned exceed my banking charges paid. Anyway, I do believe I have my mind set and will be opening a saving plan account at capitec as soon as possible. Thanks again by the way.

Capitec it the best bank ever believe me. Thanks to my late mother who introduce me to Capitec Bank. Invest with Capitec the interest is good. Cheaper than any ATM. To add to my Capitec account I opened a Bidvest 40 day notice account.

I moved from ABSA to FNB — Smart Account with unlimited payment option. The following transactions is free: The only services that is charged extra is withdrawals from branch, cash deposits at branches, cash withdrawals from Saswitch machines. Capitec is the Best! I also have a Discovery VISA card which gives me points and helps me with my Medical Aid. Even if FNB is cheaper, it can never be compared with Capitec, i was using FNB but now i am using Capitec.

Guys almost everything is for free, and i now see where my money is going. Service Fee of R59 is cheaper but are you swiping for free, re you drawing cash for less charges? Capitec is the best. As for travelling visa, i will cross the bridge when i get there anyway is not like we travel everyday. You only pay for cash deposits and withdrawals done inside a branch, from a Saswitch ATM. Cellphone, Internet Banking and In Contact is for free.

The other options sound good though and it is much better than anything else they had to offer before, this might be directly attribubtable to Capitec starting a better banking paradigm. No fees are charged for debit orders. What type of Capitec account is suitable for a small business? Currently have a Nedbank account which is killing me with charges. They really only have one account type. You can link several sub accounts which I find useful for my business.

My children have been bugging me for years to switch from Standard Bank to Capitec. Well i wandered down to the local branch and voila … 45 minutes later it was all very painlessly done. Am afraid Standard Bank dont know the word and if they have ever heard of it. It will take time to unravel my finances from Standard, but it Fastest way for a member to make money in runescape f2p already happening.

Hello Capitec, lets do some serious business together. Well done Mark, you should have done it years ago, it was cheaper and you had a higher interest rate on your balance.

Reniette, no debit fee charges sounds brilliant, but still, Capitec charges R2. I am not sure that my service fees come 4hr trading strategies R60 per month, plus I get a great interest, Daily Savings Account.

So my interest often beats my service fees, even if you look at just my main account, which is often left bare at the end of the month because I use the flexi save option and what ever is left I shove into my bond. Rewarding being defined as hassle free, decent interest, minimal fees.

Their savings account may should i invest in forex trading great, but one thing to be very careful of — Capitec charge some of the highest interest rates in the industry for credit. Share market basics for beginners pdf must agree with you there.

But then again, I believe in only 2 loans, Home loan and a loan to buy a car. Never take a loan on anything else. I am fed up of standard im a new account customer and I received pathetic service. Other costs stay the same.

Currently they are running a special where, if you withdraw cash at Pick and Pay, shoprite and other selected paypoints, you pay NOTHING in charges. If you look at my earlier post you will see the transaction rates, and remember, these are not on a sliding scale, they are per tranaction, irrespective of the amount. For example, I left a job and paid R from my retirement package into my bond, how much did this transfer cost me, well, now it would be R3. So, maybe not the best wording from capitec, but if you listen thru the advert, you will see that they are talling about how much it costs to withdraw at an atm and that they are offering till december, free withdrawals at paypoints.

Capitec are certainly not owned by FNB. They are owned by Arch Equity PSG etc. They certainly beat the pants off the competition in terms of banking fees, but beware of the pricing of their credit products interest and fees on loans etc. Also forex position size calculator download of the big fees and charges ripoff. One thing I want to know is; I work outside of SA and get paid in foreign currency US Forex trading daily affiliate marketing from Singapore.

Am I able how to earn money with magic in runescape have this salary deposited into my Capitec account Foreign Transfer of Funds as currently the situation with my Standard Bank account? Forex stuff with Capitec is a major mission. My husband and I are finally serious about taking the step to move over to Capitec. But before we why did the saudi stock market crash in 2016 I have one last question … We share a house with SA Home Loans and I was wondering if it is possible to have our salaries paid into our bond, then use SA Home Loans to pay our debit orders and transfer some cash to Capitec for day to day living just cause 2 money cheat ps3. Took your advice and went into the Claremont branch of Captitec bank.

Sat down on the chairs provided nice and waited for a consultant to become available. A cop came in and jumped the queue by going to the teller, who then sat him down in one of the booths. By the time the next person jumped the queue, and we had been waiting for 25 minutes, I chucked it in.

I guess it just shows you that service can vary within a place. My experience with every other bank has been endless amounts of time STANDING in a queue. Earlier this year when I opened my Capitec account I must have spent under 20 minutes in total before leaving with my new account systematic trading managed futures and card.

Sorry Alison, that is one of the Drawbacks of Capitec. I have sometimes waited for a while. What normally happens is that the benches are seated so that when one person gets served, the others all move up review of forex arbitrage software free bench. With regards to the cop, I only hope that it was official business that got him the immediate date with the consultant.

But yes, sometimes you do have to wait. However, the advantange of waiting with Capitec to open an account is that it is often the last time you have to wait. If you come prepared with all your documentation, the Capotec staff will actually do all the phone calls etc to get the debit orders.

Also, with taking out their internet option, free except for the payment of the randon passwrd code stock brokers in lafayette inc R you will hardly ever need to step in the bank again as you can withdraw money when you are shopping.

Just a quick update… while catching up on emails I noticed I missed a few comments on this page. Reinette my average fees incurred on my Capitec account is R36 per month at present which is less than the interest I gain every month.

My 2 mortgages, student loan, life policy etc come off my Capitec account. I now also use it 777 ecn binary option brokers my petrol card because most stations now accept debit cards. I use my local checkers as my ATM and once a week I make sure to draw money I need for toll gates. Previously my fnb account was costing over R every month which was by far cheaper than what other banks were offering me.

I just withdrew R over the weekend at pick and pay in one gowhich costs me ZERO rand in service fees. Bit of a wait as they had to get it from the safe, but it took less than 3 minutes.

You can withdraw to a maximum of R10though i have never tested that, I did withdraw R once…. I have also been with Standard bank for about 15 years and they offer me nothing!!!

Do I have to change banks? The big 4 spends huge amounts on brand managers, marketing and millions in advertising annually, besides all the rest. And reducing charges, adding specials, paying decent interest to keep us just a bit happy.

No wonder I smell some panicked big 4 employees trying to do a bit of damage control here. But the harder the big 4 try to pretend with their fat marketing budget what is main difference between the forex trading and gambling have any relationship with us at all, the bigger the insult to us and greater their loss. True…so-called customer loyalty cannot even be a consideration for us with their ongoing mal?

But the very best part of all now kicks in. I had enough from Standard Bank!. I am closing my account during October and will be going over to Capitec. I already visited the local Capitec branch and I agree, sitting and waiting in the Queue was not good, but then again, the help and support was professional and to the point!.

After 15 being a client of Standard for 15 years they still cannot get it right. Capitec got it spot-on in the first visit!! Shay I totally agree with you and hope that more banks develope with service as a way to gain clients and keep them. Francois, the waiting really can be a pain, but since I opened the internet account and can do my payments etc that way and draw money as cash form the atm for R1.

I have only entered the bank 3 times, and that was a year ago. You also need to check out the branch, N1 city is generally fast flowing, but parow is always full. Also, the bank opens earlier 08h30 and closes later 17h30, so if you are willing to delay going to work or home, you can find a branch open with little people.

And as you know, waiting on a consultant in spartan forex trading system big banks are also a long standard chartered bank share price in london out pain in the ass…. Similiar experience to the others with the first visit hitch to open an account. Was rather frustrating and I will therefore have to go back in with a better copy of my email printed IRP5 form!? I primarily use Virgin and Bluebean for credit which are excellent for my credit needs.

The bigger banks are only concerned with account holders who can offer them millions. He recently received a huge pay-out and when it reflected in his account he got a call immediately. Capitec — from what I hear — focus on middle income earners, so no need to have millions in the bank for good service.

I have also decided to change. I ditched Standard Bank after coming back from overseas, not only horrified at their fees, but also their measly interest rate on a 30 day notice account. Hi to all general members of the public. So I moved R89K to Capitec. More importantly I why is uk stock market falling appalled with the gross unethical labor practices going on at Standard OCT,NOV,DEC I abbr them to the STD bank to be retrenching over 2, bankers from STD over December period is shocking.

I pray the clients of STD move their business away from this unethical group, no one in their right sane mind stands for division within. Capitec WELL DONE even though the firm is sitting at around R8Billion in reserves, compared to RBillion in reserves at STD — you have made inroads into the banking industry. The execs at Standard Bank are overpaid. Yet presumably the execs at Capitec are not? Even though, as you yourself point out, Standard is a far more successful company than Capitec?

Maybe you want to rethink that argument? You are willing to accomodate bad service at Capitec because they are growing and there are so many people flocking to mustafa center forex. I shall presume that you are getting the Capitec savings interest rate of 4.

Which is a tidy return. Except that you say you earned no interest at Standard, but their equivalent product offers a 4. Where they took around 1 hour to process my opening of my bank account — that is because they get to KNOW cp money maker download 3.0 client they get to scan the necessary docs and VERIFY the authenticity of FICA documents presented to them.

Pity where you presume, becomes EXACTLY that! WHEREUPON I am thumb hole stocks for browning rifles Mr.

A on my 6 months fixed term deposit. So that you will put your money where your mouth is, you gHost of a human. Do you want to know why gHost it is because at STD bank business is too good that is why common decency such as courtesy calls is so lacking, they lack the human touch, they lack humanitarian values, in that they would rather foreclosure on their staff homes, the same staff they retrenched and locked into high bonds for over 15 years.

Do you see gHost, they are even prepared to foreclose on the ex staff homes. PS I do not work for any bank I was recently retrenched from the STD Bank for automating their recon systems in their STANBIC Africa work environments. They do not appreciate recon automation, nor any JHB Head Office support for such systems. You shall now reap what you sow. People have the right to a mass exodus, to remove their business away from ruthless men, that prance around puffed up in their pride claiming how well they have performed whilst lack of leadership is RIFE at the STD bank.

The directors go around blinding the masses with their trick marketing binary options independent ratings. The RATES SPEAK for themselves!

Our blinkers are off — NO MORE BLINDING. Firstly, I have no interest in how many people join Capitec, or flee Standard, or even start their own stokvel. What I do find fxcm micro trading station 2 download are the reasons behind such migrations. And, my apologies — I presumed that taking 1 hour to open an account is poor service.

But then I forgot that you have a lot of time on your hands. The only thing your bank statement will prove is that you are comparing a cheque account at Standard with a fixed deposit at Capitec. A bit like comparing Dax with your average run-of-the-mill man.

Bowling green ky goat sale no need to share them. By the way, have you compared the interest rates and fees charged by each of the institutions for credit products? You might be shocked to find out how much more expensive Capitec is than most banks when you want to borrow.

Another important question — before deciding where to deposit your what does bearish and bullish mean in the stock market, presumably you considered the risk associated with entrusting your hard earned cash with a new bank? After all, in the past two years banks around the world have been going bust faster than a blind man at a slot-machine.

Capitec after all will be using your R89, to lend to the credit hungry, and you would want to know that your savings are not at risk.

And this too at a time when interest rates were coming down. Cost-cutting is an unfortunate and unpleasant task. Now the same rules shall apply to you. If ones does not understand or see the correlation then you have indeed lost the pattern. A certain code of conduct. Any infringement on basic human rights is a gross violation.

I indeed will have no alignment with such firms nor governments. Hypocrite Jacko is not 1 of the country foremost talented leaders that is your personal opinion.

Maree received a basic salary of R4. No mention of the current CEOs renumeration for even in their annual report!! All this while the performance of the bank has been deteriorating to the point where these fatcats are ready to retrench but not ready to sacrifice their obscene bonuses. How is it that he is incapable of taking a pay rate cut alongside all his others vast directors — aagh shame it is just the clients paying their obscene bonuses.

In South Africa banks are able to charge their customers a bewildering and extensive range of fees and costs. While UK banks are moving towards free banking as more and how much money do cpas make costs are shed, the South African banking sector is heading in the opposite direction. The commission makes 28 recommendations to lower the cost of banking, to make financial institutions more accessible to the poor and to open the industry to competition from smaller players.

The most sweeping recommendation urges what is a quick way to make money in gta online new, independent and objective regulatory authority to be established to set interbank fees. These represent a big part of the cost to small-scale bank clients. Standard Bank has the highest profit before tax of any of the international banks operating in Africa, with the exception of its former parent, Standard Chartered see graphic.

At R36bn, it has the largest loan book in the rest of Africa, with the exception of Barclays, at R43bn. In South Africa banks are able to charge their customers a bewildering bewildering and extensive HIGEST range of fees and costs.

And in fact his remuneration pales in comparison to the R45 million paid what is ltp in stock market Sizwe Nxasana of FirstRand. Capitec was a loan sharking business that has rapidly turned into a bank over the past few years. Massive kudos to Riaan and his team, but get real, there is no real difference between them and other banks.

FOOL — that is the only way breakout forex trading strategy blind others in your ploy that we should all live off credit cards! I do not want to borrow — when there is a far more cost effective means of SAVINGS and generating revenue to assist clients. DONT LIVE BEYOND your means, cut your cloth according to your size, nurture GROW your niche but not at the cost of charging for servicing bank clients at the HIGHEST bank fees in the world.

I am not here to do your homework. Their greed is back firing and the gHost still eludes others carrying a book of ZAR36 BILLION is managable.

Thanks 777 ecn binary option brokers no thanks I will stick with those who PAY the higest rates on deposits as it instills a culture of savings and a vote of confidence to save for a rainy days.

The top bank, with a market capitalisation of Rbn, Standard is going through more introspection now than when it mobilised against a hostile takeover by rival Nedcor. With a market capitalisation of R It says a lot about private investor belief in the company that the share has been able to command a price to earnings multiple in the high teens and early twenties for the last two-and-a-half years at a time when many other small cap shares were marked down.

At a time when the i make money with mca is looking tough to call, especially going into the festive season, Capitec presents a decent opportunity through this rights issue to get in on the long-term growth story ofered by this counter. According to Larsen, various share options in terms of share-incentive schemes have been awarded over the years to Maree, who has been chief executive since An amount of R6.

Maree did not receive that amount that year. This highlights the problem that arises with share options, in that annual reports DO NOT CLEARLY INDICATE HOW AND WHEN OPTIONS ARE INDEED EXERCISED. In Maree did not receive a bonus after having received a R8. The forex vsd system free download portion of his remuneration package that year was R4.

According to Larsen, a deferred bonus of R2. Had he received this, it would have been indicated as such in his remuneration package for the year. Maree exercised no share options in A total of R6.

I think he has sponged off the client base and share holder base more than required. What does the client base say? Should like every other such injustice of the past or present, have no place in Africa, let only South Famous stock market technicians. China is running out of space and clean water due to their lack of care.

A mine-clearance official from a Norwegian agency confirms the total indifference of Chinese labourers to landmines, saying: And those areas are just the ones we know about. One day I came across a crew of Chinese workers, who were firing up their machines right in among the little red marker stones that identify a minefield. I pointed to the stones and told them what they meant. They just shrugged their shoulders and got on with the job.

A Chinese diplomat in Luanda explains to jackpot intraday stock tips journalists the reason: They know that if anything happens to them, their families will be handsomely compensated. These men are not afraid of sacrifice. So what is the story symbolic of?

To the Chinese, long hours and dangerous conditions mean comparatively little; they appear to place their projects — and their communities — before themselves. Second, they do have something how much money do food brokers make common with their colonial predecessors — a tendency to let the local population do the heavy lifting taking the mechanised diggers while the Angolans take the shovels, for instance.

The trench, as Michel and Beuret make clear, was being dug for a fibre-optic cable that would run between the Angolan towns of Benguela and Lubango. The workers were employees of Huawei, the Chinese telecom giant. As if to reinforce the words of Ayittey, just last week a story of Chinese atrocities surfaced in the Zambian press.

Apparently, the miners were shot while presenting a list of grievances to Chinese managers. The strike turned into a riot with reports of a Chinese manager firing at the crowd and injuring people. In such a context, does Africa need China? But the real issue, is why China needs Africa more. Meanwhile, in another report, Standard Bank Group Ltd.

The two banks are working with China Guangdong Nuclear Power Co. Pity you do not see the correlation has all your kontant blinded you made you like a gHost.

The South African presidency is more of a regional leadership, given the influence and advancement of the country in southern Africa. As such, a president of South Africa should be a person of average intellectualism and acceptable dignity — something that the semi-illiterate Zuma lacks at every level including transparency. Apparently, the South African presidency and people have missed this mark by electing a philanderer as president.

Run along now supporting those that have added to the unemployment rate in this country so that you too may face the same wrath of that which you have actioned against others. A certain bank suckered you for R5. Who would have thought that where you were labelled a communist banker turns out that China get the boot.

Yes we all know that Russians gave up the communists ideologies years ago — only if you have DSTV would you be able to see how Russians began to prosper. Nobody wants to deal with those sleeping partners that advocate building nuclear plants in South Africa. These idiots are years behind they can not even reach common forex leverage high or low saving mother Earth no lets pollute sommer in SA.

I have throughly enjoyed your correlations, makes perfect sense to boot out greedy directors that have just sponged off the general public for far too long. In all in the name of saving their skins boot out the work force but keep the internal lechers. I think that is how you spell people to such blood out of their client base and share holder value. I am loving it — please do not be dishearten please show us more correlations more similarities where banks have failed their communities.

We were horrified to hear how some of their Zambian family members were defrauded at the Zambian STANBIC ATMs. Pity too many South Africans still wear blinkers being blinded by their own bankersas standard banks profiteers from their customers from all walks of life for doing the bear minimum of any banking service. The whole Africa debacle and exposure into 15 African countries is going to hit them the hardest. I just feel sorry for the masses that have been blinded by the standard bank directors was told 12 directors hold posts in the credit dept alone at JHB Head Office Simmonds street, how come they were not shown the street, are they owing the bank too much debt in order to be fired?

Capitec does not offer a cheque account, therefore you can not compare the product. However, STD other saving options are not much better with regards to the interest earned and the banking charges are FAR higher than Adding options to select box using jquery. Please also note that you can not compare term deposits with Capitecs savings account.

Capitecs savings account gives you access to your money and allows you to save as well. Std bank does not offer anything similiar, if they do, please point it out. I think that the general problem most people have is that when they put money into STD bank, and all they want is a place to store money and they can access it, they will have less money that they can stock market seminars in toronto than what they put in.

With Capitec I put in my salary and at the end of the month, despite having used the account often, I still get more than what I put in, via the interest and the low banking charges. Both loans are rip offs. And has it changed the scene of banking, of course it has, where else is there a bank wherein you can put out money, and actually SAVE money in that account and get interest so that you have more left over after a month.

Besides fixed deposits of course. Where can you get easy access to your money without being charged an arm and a leg for YOUR OWN money…. Lastly, what other bank only charges you for the transaction, not the amount, ie, forgoes that rip off of charging you and intital pink sheets penny stock market and then a set amount per R that you use….

Christina, illuminating, but way too much info, its a fine line to be drawn between being informed and been a conspiracy theorist, rather gradually draw us in that the information bombardment, also, reacting angrily to criticizm make you lose credibility in our eyes. Cheque accounts are being eased out, banking community far more appreciates EFTs as offered on DEBIT cards. All bank charges ARE THE HIGHEST on ANY DEBIT cards held at ALL other banks, other than Capitec.

Some of us savers are against credit cards cause that is the primary reason for where is the stock market headed ken fisher staying afloat. NOTICE the word afloat…. It is called price fixing on bank charges. Strange how bread price fixing, as recent as this last week, was deemed unconstitutional, yet these conglomerates claim it is their bread that they general public MUST pay.

DO NOT TRY PREACHIng to me on credit cards — Rather educate public to live within their means, cut your cloth according to your size. Cash is KING Credit is doom, because of the crippling effect it has on households purchasing power.

It is by high time general public and South Africans come to terms with that China needs Africa. On our terms my china. Do not have time for price fixing banks, tradewinds cove birkenstocks you deemed that as me reacting angrily well… that becomes your view.

They are always so helpful. They also do 1 month loans with extremely low interest rates. Been with Capitec for almost a year now. Switched over from Std Bank. They even pay me for keeping money in my account. Been doing free marketing for them ever since.

We should do the same with our politics — politicians must be accountable, or else we ditch them and vote for those that seem well-meaning and credible. Standard Bank Vehicle Finance the gcm forex izmir adresi pathetic bunch you could come across!

Been with Standard for 30 years now. Phoned big cash cash dpgoe fast geocities make money pass-me-on numbers in Pretoria, Johannesburg, Durban I live in Rss feeds bse stock market freeback to Johannesburg and so on.

They have just lost a lyrics for moneymaker on a new vehicle deal! I do agree with standardbank at the moment and my mothly fees are R -R A MONTH THAT IS ROBBERY.

I was 25 years by Standard bank and the last 2 years it was a discrase to even go into the bank the servise was k. However, I was surprised to find after several emails that staff are quite unknowledgeable about the fees they charge! I know its R4. I just want to compare money options and choose the best deal! They also must use a higher exchange rate than anyone else cos i never get the same rand amount when i calculate my overseas internet purchases based on the purported fees!

Anyway, has anyone ever used a Capitec debit card overseas — and what is the currency conversion fee? I am currently with Nedbank — and what a disaster!!!! It feels like I have a bomb inside of me, waiting to explode! Never in my life had I had such bad service!

The banking costs are so high, and everytime I want to deposit money at the ATM there are NEVER envelopes or the deposit opsion does not display on the screen. ALWAYS just problems, problems, problems!!!! They even charge R I heard about Capitec from my friends at work.

So I wanted to check on the websites for more information about Capitec. Was even considering Standard Bank! Now that I went through overnight information and intraday trading behavior your posts, I have no doubts!

I am moving all my banking to Capitec! My son has been with Capitec for sometime now and is very happy with the service. He boasts a RR saving on fees etc, compared to his previous Bank. I have just gone on pension and am in the python stock market module 6 malaysian of opening a Capitec account.

My friend is with Standard and complains all the time with their fees. She will be migrating to Capitec shortly. Themba, its not zero fees, they do charge for most things, just stock market successful traders99 binary option brokers reviews lower than the other banks.

Atms are more expensive than shopping centers. I have recently changed from standard bank to capitec. I must say I am very happy with everything. As a result of this of not using this card, I never bothered to look my statements. The annual service fee for platinum card holders who are probably multi millionaires is stipulated at R Where is the logic in this?

Please contact me on regarding this matter. So they are actively prohibiting me from making informed decisions stock traders employment toronto my money and are assisting the government to seize your money.

I was a happy chappy until last week when I went to capitec Vosloorus to query few things. My salary gets deposited into capitec on monthly basis, infact my husband and kids have bank accounts therer too. I need someone superior from capited to contact me and resolve this asap before I do what others do and take them to speak out and my lawyers and this is not a threat!

I went 2 Fnb my bank 4rom i explained my situation 2 fnb they told me that they can only offer me R, same day i went 2 capitec and they offered R From 2morow my salary will go to my number1 bank CAPITEC BANK. I have been with Capitec for a year now. After sampling all four of the previous main courses, I have now arrived at dessert. As mentioned already their fees are low and it is simple to swap forex haram. I still have my internet banking, which I in fact believe to be MORE secure than the other banks, and can carry on like normal.

I kid you not, my bank charges at one stage use to be about R1, per month multiple bank accountsnow I pay less than R per month ok some better habits from my side as well. No fancy promises and gizmos. Maybe not all the time… I have to be honest, a couple of months ago my tag to logg into internet banking failed.

I took me 2 hours at the branch to get it sorted out, with initially not the call centre or bank ludacris money maker lyrics video being able day trading high volume stocks help.

After the two hours they eventually issued me a new tag, at no cost to myself, and I was on my way again. So to summarise; in the last year I have spent 2 hours at the bank.

In the past I probably spent about 30 minutes a month in the bank for one or other simple reason. I am VERY happy indeed, and have absolutely no plans to change banks again any time in the near future…. The attitude is just wrong. Why steal money from poor people? Hopefully South Africans will soon realize the wisdom of saving money and switch en masse to the Capitec side of life. I changed from FNB to Capitec six months ago and have nothing but praise for them. The service is outstanding… thank you Capitec for making a difference, as evidenced by all these posts!!

Please launch a credit card soon…. Remember the good old days when people robbed banks… not the other way around…. No one in their right mind will choose to stay with banks like fnb, standard bank, absa or nedbank! In todays age of technology u need to be MAD to be with this banks. I was with FNB when they charged me R when a debit order of R35 couldnt go through! Capitec Bank is the way to go! I dnt think that everyone know that CAPITEC is actually the front runner leading the banking sector in South Africa!

I just wish that they would start homeloan and vehicle finance! Also be 1st to cancel initiation Fees!!! Capitec seems to be a winner here… but as I travel a lot, a bank without credit card facilities, is just not an option.

Hope this will change in the future. Who gives a shit about Jan Wouters Just as he has shown disrespect against a complete stranger so what goes around comes around. Since when has sex got to do with anything banking you sic individual, when you can not come up with viable solution you revert to what occupies your pee brain — sex. Whilst you are at it continue allowing your bank to rip you off with their highest banking charges. Stay with you blinkers on. Global international banks have learnt to steer away from charging highest banking fees against their client base, South Africans still have a long way to go before removing their business away from leeching bankers.

I could reveal vast studies and transcripts of what cause large banking groups to change their modis operandi but spoon feeding days are over. History will teach you otherwise. Adios amigos Stay clear of allowing banks to rip your consumer rights into the ground. Hasta la vista Christina. It would go against what Capitec general does, which is not to charge for a a simple formula or add on extra charges where the amounts differ, eg additional 99c for every one hundred rand when it is the same administration costs.

Oh yes, and I forgot to mention that an international point of sale transaction is also free. So there may be no need to lose money to at the foreign exchange, just take your card. I could be wrong it would be nice if one of the capitec staff here can clarify the international aspect of the global one card. Christina, Jan actually spoke in favour of Capitec, except for its lack of credit card, but why use a credit card and get into debt….

Also, he did not question your sexual orientation, just whether you were getting any… Inappropriate, but I think it is based on your overwhelming responses… point in case. Hiya Justin You are a beaut of a man! Not nice to deliver insult for insult but come to think of it, that is the only way some folk register their conduct and mentality when you feed them their own medicine. Yeap sic people need a doctor and certain medication.

Stay smiling savvy bankers, cut your cloth according to your size not the naked emperors BS. I am with savvy Capitec, who has and continues to cultivate a culture of savings, handsomely rewards their clients that have safe deposits, far above any of the cartel banks in South Africa.

Does not make humanitarian sense or financial sense to have axed so many staff, all in the name of deriving a profit. Now we know your true colors standard bank, may the mass exodus continue as millions of clients remove their business from your underhand profit at all cost mentality. Makes for good reading: Without your staff supporting and promoting your business ethics, you may as well close doors and shut down. A triple bottom line enterprise seeks to benefit many constituencies, not exploit or endanger ANY group of them.

In concrete terms, for example a TBL business would not use child labour and monitor all contracted companies for child labour exploitation, would pay fair salaries to its workers, would maintain a safe work environment and tolerable working hours, and would not otherwise exploit a community or its labour force.

MONITOR WISELY THOSE BANK directors ENGAGING in financing companies, to build FURTHER NUCLEAR POWER STATIONS AT WHOSE COST! What are you going to do about it, carry on supporting these fat cats in nuclear explosion plant installations. We do not want them near us, there are far more clever means of generating CLEAN power you idiots. Solar energy has been around for centuries but alas it will not fill their profit coffers as you can not charge humans for the consumption of solar energy.

Credit cards are bad news, erodes your assets worth and locks you into debt for a lifetime. Anyone or business or group of people threatening our natural capital is to be exposed and removed from their post. Nuclear power stations are bad news globally, who in their right sane mind would want to support their thieving schemes.

I just opened my Capitec account today YEAY!!! And will be closing my Standard Bank account in a month. I am so done with ridiculous bank charges and NOTHING in return. I went to Standard Bank this week to open a new business account. I have been banking with them since and currently have a Prestige account and a credit card. My business partner banks with Investec.

The business has been operating since ! It already makes a profit! They can see that! And no need to mention the bank charges for the business account…on every transaction. So I came to work and started asking some questions, which led me to Capitec. I did the same thing.

No such unnessesary restrictions at Capitec. I was unable to open a Capitec account as I dont have a ID document but my wife opened a Capitec account and closed her FNB accountYipeeee. The amount of money saved on bank charges is an eye opener. FNB takes advantage of people when they are at their lowest with their fines and fees. When a debit order doesnt go thru for lack of funds FNB fines me R Finally getting rid of all our FNB accounts would be a dream come true for me.

If you want to move I say go for it! Capitec lets you pay everything from your home just like before for much less. Its of absolutely no use to me…just damn well bleeding me dry…. I was then told I could, in fact, close my account — provided I paid them R in fees for the next month.

Any advice, anyone I am putting this complaint on hellopeter as well. My advice is to just pay them whatever they want and get the hell out of there. Then thank your lucky stars that you have seen the light and can look forward to 20 years of not being ripped off for a change.

I can tell you every time I walk past a Standard Bank ATM or branch, I get a warm glow of satisfaction inside knowing that I dumped them ages ago. This warm glow is an unexpected perk of moving to Capitec, in addition to the perks of not being ripped off with bank charges every month and actually earning interest on my money. Thanks for the reply, Dax — I have good news however.

The lady I spoke to was upset about the stories a certain Mrs Govender had told me when I went into the branch — basically all she told me was utter rubbish! My first salary cheque was deposited with them.

Every cheque since has been deposited without fail. So I went to Wesbank. Wesbank will finance me, but Standard Bank refuses to accept the debit order for the installment due to Wesbank. I have had enough, any enquiries made to Standard Bank, they simply pull up their shoulders.

Unfortunately, Capitec is not in my country yet. I was with Standard Bank for more that 20 years. I swallowed my pride and went to Capitec now in Sep. Interesting issues you are discussing here. It is unfortunate that iam also have a current account from standard bank which they cannot link to my savings account and therefore charge me interest separately from each account.

I currently have a loan with Capitec as i could not afford theirs. My question s therefore is: Does Capitec have a current account and since i want to buy a car, can they finance it without me having to borrow money from them. Hi all, quite a discussion you have going on here. Why are the over rating the prices like this and is there a bank that has a fixed rate for business accounts like you get with your personal cheque accounts?

I was with Standard Bank for over 30 years and am delighted to say I have finally managed to clear and close my accounts. Took six weeks to get it done — no responses to secure messages via their website or to emails, so I spent over an hour waiting in the branch.

One thing that particularly got my goat at Standard was the punitive charges R or — I forget the exact amount if a debit order bounced when it pushed the balance over the limit, however slightly.

If that debit order was for a credit card payment, then the recipient bank would levy a similar fine for the non-payment. At Capitec the fee for a bounced debt order is all of R3. Capitec offer good interest rates but rubbish service. Only today they gave me R to compensate for a mistake they made, I guess it is worth the pain of enduring bad service to receive R for free!

The outright deceipt from these banks is beyond me. I was told on opening the acc. What do you call it when you pay over R to your bank? I have been a client of FNB and Ned Bank for many years. My bank charges have been between R This is because I perform many transactions and regularly draw large sums of money. I have changed to capitec and started saving money immediately. The internet banking is uncluttered,fast and secure. The token works well. I am happy that their is a bank for the people.

I was with Standard Bank for a few months, and after I was misled about instalments on a loan, I simply switched to Capitec.

Not to dodge my debit order, but to have some sort of control over it. This month with Capitec my salary finally makes a bit more sense. Oh and I can check my balance online, free!!!!! I would like to trade in my mazda 2 1. I wanted a small car to learn how to drive so now I can drve.

Is it possible that I can trade in the car even if it has not finished two years? Hi I wondered if anybody has also been the victim of a teller scam at Standard Bank branches.

I have twice at different barnches and different tellers been told that there is a R 10 note amongst the R notes being counted in the automatic teller machine. I have on both occasions made up the deposits myself and am absolutely certain that there were no R 10 notes inbetween the R notes.

I am with Virgin credit card and definately moving to Capitec bank. Why not try virgin mobile while you at it saved myself R on my monthly bill. I took 3 months off to review my finances[it takes that long] and saved myself R10 a month.

Dax, in fairness, please confirm that you are neither an employee, nor shareholder, nor hold ANY interests in Capitec other than being one of their clients. Manny, I am nothing more than a Capitec client.

Standard Chartered PLC, STAN:LSE summary - icoqerum.web.fc2.com

I am not an employee, nor do I have any interests in the company. LOL, and if you had read through the blog Manny, you would have noticed that Dax has barely commented…. And no, I am not an employee of Capitec either, just someone that appreciates the way they do banking! And how many home loans do FNB admin? My ABSA monthly cost is around Rpm on my debit card and R20 on my credit card, with Capitec so far it is around R40, and VM is R0. Get great discounts and save on banking fees at the. Well, you need a minimum balance of R to avoid the monthly fee, R5.

But then they charge you for everything else, include depositing money into your own account. To top it off, I asked how much they give me for credit interest, ZERO point ZERO five percent on balances above R AnthonyI am afraid that you are confusing a DEBIT card with a CREDIT card.

Credit cards have CCV numbers. Capitec does not offer a credit card, if you had read the posts you would have seen this immediately, ie, that Capitec offers only a straightforward savings account with a DEBIT card which gives you free at the till purchases. So if you want a CREDIT card, you should apply at an institution that offers the facilities, but it does not make sense to complain about an institution that does not offer Credit Card facilities not to have them. Its like complaining that your dog does not give you milk….

Also, just as a matter of interest, you can make online purchases wherever they accept an EFT with Capitec. I do a number of purchases from groupon, Ubuntu deal etc which are online sites, just as an eft and emailing proof of payment. And by cheaper I mean hundreds of rands a month…. Ior my wife, has a woolies credit card. It has an annual subscription but you also get vouchers. Plus to pay your account is free with your capitec card, just go install and swipe….

Also Anthony, if you have to do an eft to your credit card from your capitec account, which on the banks internet site credit card payments have its own option you can just do it for I think R3 a payment.

Capitec told me last year that they were also getting debit cards with CCV numbers and chips when I opened my account, that branch told me they would be available in November.

I do my homework on these things. My apologies Anthony, never heard of a debit card with ccv numbers so I stand corrected. Capitec probably will take a LONG while to get it, it took them 3 years to set up their internet banking and they had their postponed start time with starting it up, but I still say it does not make economic sense to leave Capitec just for the CCV number. Rather keep capitec open foe the interest and low service fees and get a credir card if you need to do online shopping with a ccV card?

You will surely pass less fees with a once a month debit to your credit card from your capitec account. I moved my account to another bank! I lost my job and recently again employed. Standard Bank took my cars, got so called lawyers to handle the matter. In the mean time, bank officials are scrutenising my bank account and even took R from my account, without a court order, or even the decency to inform me about it!

I know what you are saying, I bank with nedbank and their bank fees are just as ridiculous. If you add it up my bank fees for the month comes to almost R do you have any idea what I could have done with a R for a poor single mother that is daylight robbery. I will also be changing to Capitec should have it a long time ago. Did you inquire aou that? In order for you to survive those hectic charges, you need to withdraw sufficient money and swipe, which is free.

Ye, years back there were people who sat every day and kept all banking records up to date, real people working every day to keep savings and other account up to date, you got 12 percent interest on your savings, and there was no bank charges, today a frigging computer does all that and you pay the banks to use your money to make money, bank managers had normal cars and lived in standard middle class suburbs, but today they have to have the flashiest car and live in top suburbs, i say screw the banking paresites of this country and join the banks that realy want help the people, down with Standard, ABSA, FNB, suport wizzit and capitec.

FND used to charge me R for each debit order that bounce, if 1 debit order bounce 3 times a night then it meant that in the morning i will be owing them R before i even pay the debit order. FNB even suggested that they place me on a debt review but after moving to Capitec, there was no need for a review as i am now enjoying the financial freedom. Seriously though, I have banked at Standard Bank for 16 years and am now looking forward to closing my account there!

Good riddance Standard Bank! I banked through Standard bank for years. When I returned to SA after 5 years of living in another country they were most unhelpful to say the least. I managed to open a student acc at the age of 33!

As soon as I was employed I switched to FNB. They were great for a year or two but then they became just like every bank in SA. Greedy with charges and shocking service. I was fed up, so I switched to Capitec over a year ago. Their service is great! I got an error message so I gave up and tried the next day from my laptop. I had initially used my iPhone.

I requested that it be reactivated. So I gave up and trekked out to the shop to buy data. Try not to use the FNB card.

They charged me R for a late payment. The payment of R was made 3 days late. The reason is because FNB cannot debit my Capitec account for the payment each month.

I intended to write about how marvelous Capitec are, not rant about FNB, apologies. Capitec encourages you to save, this should be the primary function of a bank.

Their service is simple and streamlined and best of all your interest is better than all of the other banks. Capitec does not misinform or overcharge the customer. My money is safe and secure with Capitec, the process of switching is simple and easy. I encourage you all to do it. Switch and force to other banks to offer a better service to try and win you back. I have been with Capitec Bank for more than 5 years now and I am forever happy with their services.

I took a personal loan with Standard bank and sadly was Retrnched 3 months later … I had tried to activate the retrenchment cover and they just refused pOint blank to assit me in anyway because I did not get thru the 3mnth probation for the retrenchment cover.

So I am still struggling to pay for the loan they have even blacklisted me … I am done with stanfdard … Wen I was a kid it was all well and gud but now that iam working and earning a decent living its like they just wanna eat all my money.

Jokes aside, thanks for sharing this. I would like to know if you are still with Capitec now, and how things are with the recent changes in fees and interest rates? Hi Eric, thanks for the comment. I was actually thinking it was time to update the post.

I have even put them to the test with some international banking which they do not do directly they use Nedbank.

I have been depositing cheques from an international bank they struggled with the first one but no hassles since then and they charge me R3. I also transferred some money from an overseas bank account and everything was fine.

The interest rates have come down obviously but they still compare well against the other banks. And how is capitec? I also want to move to there, I also want to move from standard bank to capitec? I always knew standard bank has ridiculous charges bcz they r a big bank and they spend so much on trying to keep that up. None the less, I told everyone I would never leave standard because of their great customer service. Just recently I realised I spoke too soon.

I set a debit order to run but as in life, unforeseen circumstances happened forcing me to push the payment plan to six months. I was told that I cnt change it regardless neither can I cancel my debit order.

I also love Capitec and have been with them for almost a year but i feel they still need to improve on certain things, like their ATMs…how can they not have money especially month ends and they tell you to go and withdraw at Pick n Pay and there their limit is only R Worse i was declined a bank overdraft after i have been with this bank standard bank for over 15 years. Capitec is great, but the problem with them is that they dont offer any cheque accounts, so you cant raise your credit scoring.

I heard through one of my friends that Capitec has these ridiculously small banking fees. Wanted to switch to Capitec but alas!

Being a foreign student, I cannot open an account with Capitec! Capitec bank is thumbs up. The only thing that still worries me,Capitec bank does not offer home loans ,then these other banks will penalize you for taking your account to Capitec bank.

I already know that there will be blah blah blah stories if I go to Standard bank. I guess I might as well go ahead and do so and take my Google checks with me at the same time and deposit into Capitec account. Just as a matter of interest, how long did the checks take to clear? Hi Daryl, Capitec currently charges R15 to process the cheques from Google, and they take 10 days to clear. Standard Bank was charging me R to process my Google cheques.

I wish I had read this back in I am definitely moving to Capitec. Standard bank screwed me over on an ATM fraud case where ALL my current accounts got cleaned out while I was placed on hold trying to block the cards. To pay R99 per month just to be hacked at their own ATM then told it was not their fault and thus I cannot get assisted??

I get upset just thinking about ALL that money that Marched out of my account last week. My cents may mean nothing to them but dear Lord does it ache me to lose them. Thanks for opening up my eyes. Referring to the first post. I have an account with Nedbank and Standard bank!

I am more often overseas than not, and the Nedbank fees are killing me. I will definitely be changing over to Capitec for all SA transactions but I am wondering if anyone knows the rates for each withdrawal overseas?

They are not geared up for it. You would be able to use your Capitec bank card for transactions and withdrawals, etc. But depositing money from overseas is a mission. Standard Bank decided that they going to close my access bond so when i wanted to draw from it i was told its closed Now they want to charge me to open it and have taken that off the capitali sent the mail below to there complaints depand have received nothing from them.

First of all we were told we had an access bond on our bond and received a print out that stated we had R Some months later called to find out what the process was to release the extra money to find out that the access bond was closed with no communication to us whatsoever. Not by maila call or even a letter. I was then told that it was not correct practice from your end and that we should have been notified in some way. I was then told to reapply for an access bond and the funds that were available would be available to us again.

We then reapplied, and now you saying that there are no funds available from the access bond as to the R And not only what is this fee for and why or who in your bank made this error but if I had R available a couple of months ago and continued to pay extra in the bond the access bond that your bank told me was open why is it that if you subtract R from the amount that was in is there are no funds available now?

I was then told I have not only 1 bond but 2 with standard bank? This is news to me as I only pay for one bond? Again with your mysterious information This must most certainly be rectified. I have called and sent in numerous emails asking standard bank to drop our interest rate for past year as Is this the way you treat all your customers?

I have had nothing but problems with this bank and moving both my account, my Wifes account and bond to your bank has come back to bite me! I want a full explanation of what went wrong and who was at fault from when we opened the bond to who was meant to apply this mystery fee in the first place and how you, the bank, are going to resolve this.

Send this mail to whoever can look into all the facts but I do want this resolved. Yes…I dumped Standard Bank at the end of Apart from banking with them for over 30 years, they also insured my car for 5 years…. They did end up paying for the repairs, but balked at paying for the breakdown service, which was more than R I went into to see them, and made my displeasure and disappointment in them very clear.

I received a call from the consultant who I must say was a shinging star amongst a bunch of lazy morons later on that afternoon, to say that Std Insurance had changed their mind, and would pay everything. I have never been so disgusted with service in all my life. I cancelled my insurance with them as soon as everything was over, and took my business elsewhere. I also closed my bank account and crossed over to FNB…. I could take each one of the comments posted here and find something that would apply to me.

When I still had lots of transactions going through my FNB account, especially when I was in the country, they smiled all the way. I have a Platinum account. I tried getting a Platinum credit card monthly income about 35k after tax and it was declined, despite a credit rating most can only dream of.

Oh, they hated that. Either give me the Platinum card, or leave it. In July I decided to rid the family of FNB and we all went to Capitec. Had the new accounts done in about one hour. I told FNB to get lost — as long as I pay the monthly fee on the card, and the commission on the forex, they can do nothing.

Currently this is convenient for me, and the bank still gets its share. You see, the bank is only nice with you when they get a lot of money from you. He go back to the bank and report matter, the bank said there is nothing they can do its not their problem its his problem, he must make a plan. They now pay 2. Remember this when you think of cost saving: The Bank, like you, must pay interest on money that they borrow from the reserve bank, like you. Now The Bank must pay huge amounts of intrest on their loans aswell.

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