banking

  1. T

    Absa Credit Card Debit Order

    Hi all, I hope you are well and keeping safe amidst the COVID-19 pandemic. I have a question regarding an Absa credit card: Is it possible to set up a debit order with Absa which settles the full outstanding amount each month on the card? I do not use the card for debt and therefore I pay the...
  2. 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...
  3. Jamie McKane

    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...
  4. 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.
  5. 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...
  6. 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...
  7. KingAuthor

    Do South African banks allow customised/personalised debit card designs?

    As the title, is there a bank in South Africa that allows customer to create their own debit card design such as this?
  8. Jamie McKane

    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.
  9. 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...
  10. Jamie McKane

    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.
  11. Jamie McKane

    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...
  12. Jamie McKane

    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...
  13. A

    FNB vs Discover credit card

    With all the changes with ebucks etc. causing the earn to decrease I have started considering moving my credit card (which I use as a debit card for daily expenses) over to Discovery and rather use miles. I know there will be an additional cost to the discovery one... Has anyone done any sort...
  14. M

    SA Payments / merchant info

    I am trying to find out about the merchant services space in SA and the emergence of companies like YOCO? -do banks (FNB/ STD) provide their own merchant services or are they all outsourced with companies like fastnet? -do banks have smart pos functionality to offer -who processes the payments...
  15. RedViking

    Solution to high banking fees - sponsor a friend

    So a lot of people are complaining that Absa has high banking fees. Absa listened to its clients and brought a solution: You pay the banking fees for those who can't afford the high fees. I think it is just silly. Will you be willing to pay someone else's banking fees?
  16. Jamie McKane

    Do you prefer using Internet banking or a mobile banking app?

    Which do you prefer using - Internet banking or a mobile banking app?
  17. T

    Introduction to MyBroadband

    Hi, I have been a subscriber for many years and read posts daily. I don't as a rule post in blogs. I'm recently retired from banking-related product ownership in the interbank space and it is good to keep the mind active by keeping up to date on happenings affecting businesses, IT and the man...
  18. T

    Viewing standard bank personal loan

    So I noticed there is a button on the standard bank app that allows you to link your personal loan so it appears like your VFA and credit card balances. When I click it, it does not link me to anything. I then decided to call them and ask what is happening. The guy form standard bank tells me...
  19. S

    Tap and Go

    Hi My bank card was cloned recently. Luckily I stopped the card before they managed to get any money. After checking my bank statement and not noticing any places where I thought my card details might have been swiped. I started playing with tap and go and NFC using the blocked card and...
  20. Jamie McKane

    Why banks should be afraid of companies like Amazon

    Why banks should be afraid of companies like Amazon A new survey shows consumers are eager to see technology titans take on finance.
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