Millions of South Africans don’t have a bank account, mostly because they are dissuaded by high fees and the inability to access their money, particularly in remote areas. But banks are trying to change this.
Category - Banking
There is a misconception that deposits in bank accounts are guaranteed by government should the bank fail. The reality is that in South Africa there is no deposit insurance, although this is currently being reviewed by the South African Reserve...
With my son starting his first student job, he needs to upgrade from his kid’s bank account to one that provides a few more transactions. Part of this exercise was to identify what a student, or any young person, needs from a bank account and...
Last week FNB released its price review for the next year (effective July 1st), with a few tweaks and changes, and two new product offerings.
As access to banking services through digital channels continues to grow, so does the need to protect consumers against the prevalence of online banking fraud.
Digital currencies – also known as cryptocurrencies – are a form of electronic money, that are as liquid as normal fiat currencies
Consumers can now easily dispute debit orders online and via banking apps, resulting in a significant increase in the number of disputed debit orders.
You don’t have to be a high flier to have a foreign currency account or even an offshore bank account, which have now become an easily available and relatively affordable option for South Africans who would like to hold some funds offshore.
Paypal is a great tool to improve safety and security when making payments to online retailers.
Absa is the first bank to allow customers to reverse unauthorised debit orders online.