banking

  1. Hanno Labuschagne

    Absa's new portable bank brings staff closer to customers

    Absa's new portable bank brings staff closer to customers Traditional banks are bringing branches closer to their clients to better compete with innovative new digital players. Online shopping and food delivery apps have boomed in recent years by bringing products straight to customers'...
  2. U

    Best and most affordable way to send money from a ZA bank account into a UK bank account?

    Hello! I'm traveling to the UK quite soon for a few months and was wondering what would be the best method to send Rand (ZAR) from my ABSA bank account into a UK account into Pounds (GBP)? I will be receiving funds during my stay there each month, so a it will be a regular thing to transfer...
  3. Jp Van Eeden

    International Salary into TymeBank account

    Hey all. I just got hired into an American-based company and am receiving a salary in dollars at the end of this month. I recently lost my ID and am unable to apply to get a new one because of lockdown regulations. Only first-time applicants can apply for an ID. If you've already had one you...
  4. C

    Investment Banking career in South Africa

    Would like to hear some opinions regarding investment banking as a career choice in South Africa. Plan to complete CA before starting to apply. Can you enter investment banking directly after qualifying as CA or should you gain experience elsewhere first (corporate banking etc)? Which SA bank...
  5. NeverBrokeAgain

    How long do EFTs take in SA?

    Recently started a business in SA supplying goods to municipalities, SOES etc. Fairly new to this country, and also not very educated so not sure how payment processes work with banks. If municipality or department pays me on Tuesday 13/07, and sends remittance advice same day, how long should...
  6. J

    Why South African banks limit your transaction history

    Why South African banks limit your transaction history Viewing historical transactions should be straightforward, although this is often not the case. For older transactions, it is particularly difficult to find records through online and app-based banking platforms.
  7. R

    Your Private Banking Experience

    Considering the number of 'private' banking options out there, I believe there is some value in seeing what experience MyBB users have had... As we all know there are a number of factors to consider as each offer has its own reward partners, travel benefits etc I personally tried FNB Private...
  8. J

    TymeBank vs Discovery Bank vs Bank Zero - Fees and accounts compared

    TymeBank vs Discovery Bank vs Bank Zero - Fees and accounts compared South Africa has seen the launch of a number of digital banks in recent years as consumers move more to online and cashless platforms. Aside from the traditional banks, each of which has an established customer base in South...
  9. R

    Not getting reaction from Discovery Bank regarding complaint

    My credit card has been migrated from FNB to Discovery Bank (Actioned by Discovery Bank). After the migration was done I was contacted by a Discovery Bank representative and instructed to download the Discovery Bank app on my mobile in order to request a new credit card. This step was required...
  10. J

    Big changes to banking trends during lockdown

    Big changes to banking trends during lockdown The COVID-19 lockdown implemented by the government is having a big effect on the South African economy. This includes the banking industry, as banks have confirmed to MyBroadband they have encountered significant behavioural changes during this...
  11. J

    FNB Foreign Currency Account (non-resident)

    Hello, I intend to open a Foreign Currency Account (FCA) for non-residents since I found out that I am not eligible for the Global Account. Does any one have any experience with this account? From what I see, there is no online banking for this account and any transactions would need to be...
  12. J

    Why South African banks still use SMS one-time PINs despite SIM-Swap fraud

    Why South African banks still use SMS one-time PINs despite SIM-Swap fraud Two-factor verification is an important security measure for online and app-based banking, but SMS is one of the least secure options available. This is not the fault of the banks or the messaging protocol, but rather...
  13. T

    NEDBANK

    Can anyone give me a review of Nedbank? The all-round experience, feel and customer service. I’m thinking about becoming a client as most of the other banks has screwed me over in one way or another. Any feedback would be greatly appreciated.
  14. T

    Standard Bank MyMo

    Has anyone tried Standard Bank MyMo? If yes, please tell me about your experience and all-round feel of the bank and offering. I am leaning towards giving Standard Bank a try as I’ve been disappointed by almost all the others. How does the MyMo offering compare to for example the TymeBank...
  15. T

    What bank?

    I am sick and tired of bad service from banks and having to put up with issue after issue that cannot be resolved easily due to incompetence. I’m almost convinced the one is as bad as the other. Therefore I want to find out what banks (according to you guys - the experts - on here) is the...
  16. J

    Look out for these popular banking scams in South Africa

    Look out for these popular banking scams in South Africa South African fraudsters are becoming increasingly sophisticated at using social engineering to target unsuspecting victims. This is according to Ulrich Janse van Rensburg, Head of Fraud Strategy for Everyday Banking at Absa Group.
  17. S

    Is Private Banking for a young professional worth it?

    Hi All So I'll be starting as a CA trainee next year and will qualify for the young professionals private banking packages. Is it really worth it given bank charges and other fees being 10 times higher than normal accounts? I know Investec will offer to bank me but are the private banking...
  18. J

    What to watch on Netflix, Showmax, and Video Play this weekend

    What to watch on Netflix, Showmax, and Video Play this weekend Here are the latest shows you can watch on Netflix, Showmax, and Video Play this weekend.
  19. J

    How South African banks are improving their products with technology

    How South African banks are improving their products with technology Technology has become a key part of modern banking, with developments like online banking greatly improving consumer experience and efficiency. Other solutions such as cardless payments are also gaining popularity - including...
  20. J

    South African banks vs Bitcoin and Ethereum - Transfer times and fees

    South African banks vs Bitcoin and Ethereum - Transfer times and fees We recently covered how bank transfers can take over a day for South African banks to process, and if you wanted the transaction to happen instantly you need to pay an additional fee. International bank transfers are even...
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