banking

  1. S

    International Bitcoin regulations with SA

    Does anyone who has a keen eye on international crypto (Bitcoin) regulations know if anything has changed in the last few months with regards to South African residents holding BTC with UK companies? I'm not too savvy with this, have some BTC, but it's just sitting in a wallet, I don't trade or...
  3. Hanno Labuschagne

    Cyberattack forces major banking business on Wall Street to record transactions in spreadsheets

    Cyberattack forces major banking business on Wall Street to record transactions in spreadsheets Another cyberattack against the unglamorous platforms underpinning Wall Street left one of global banks’ biggest businesses falling back on an old-fashioned method of doing business...
  4. Ruan @ Webluno

    Business Debit Order Collections

    Does anyone know/have any recommendations on what companies or banks to use when it comes to business debit order collections? I have tried Standard Bank - sent them a bunch of emails, sent a business relationship manager a bunch of emails and eventually tried their call centre. The lady we...
  5. Anthro

    FNB: Revolving Loan to Revolving Facility Migration

    Interesting eMail I received this morning from First National Bank regarding my revolving loan agreement being changed unilaterally - I never agreed to this happening, and I am not even sure why this is necessary. Bank being nice, saving me from 15% ? Nah fam.. Opinions welcome..anyone else get...
  6. Hanno Labuschagne

    FNB announces new eBucks rules from August 2023

    FNB announces new eBucks rules from August 2023 FNB has announced a raft of changes to its eBucks Rewards programme, including a new way to increase fuel earn, additional incentives for using virtual cards, and higher-value grocery vouchers and travel discounts. eBucks Rewards CEO Johan...
  7. Hanno Labuschagne

    How Standard Bank fixed its big downtime problems

    How Standard Bank fixed its big downtime problems Standard Bank has radically reduced the number and length of outages of its digital channels, a feat it has ascribed to increased transparency, accountability, and discipline among its engineering teams. South Africa's biggest bank by revenue...
  8. G

    Is it worth switching to Discovery Bank?

    I am currently banking with Standard Bank. Saw couple of discovery bank ads and the Dmiles reward system seems pretty good. Is it worth switching?
  9. 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'...
  10. 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...
  11. 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...
  12. 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...
  13. 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...
  14. 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.
  15. 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...
  16. 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...
  17. 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...
  18. 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...
  19. 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...
  20. 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...
  21. 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.
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