1. Jan

    Internet Banking fraud dominated ombudsman complaints in 2021

    South African banks with the most fraud complaints Banking services ombudsman Reana Steyn says that her office received and investigated a record number of complaints in 2021 — with Internet banking fraud topping the list. The number of complaints the Ombudsman for Banking Services (OBS)...
  2. Jan

    Disabling tap-to-pay on bank cards - why FNB doesn't let you

    All but one of South Africa's major banks let customers disable tap-to-pay FNB is the only major bank in South Africa that doesn't let customers disable tap-to-pay on their payment cards. Although "Tap and Go" payment technology for bank cards was beneficial during the Covid-19 pandemic, many...
  3. Jan

    Home Affairs bank smart ID services expansion plans

    Home Affairs Smart ID services coming to more banks — if big problems can be solved The Department of Home Affairs (DHA) and South African banks plan to expand the availability of E-Home Affairs in the country, but it must first address several organisational issues. More importantly, Home...
  4. Jan

    2022 Bank Charges Report released

    Cheapest banks in South Africa The Solidarity Research Institute has released its 2022 Bank Charges Report, revealing that TymeBank is the cheapest bank in the country. Solidarity economic researcher, Theuns du Buisson, said the report revealed that digital banks TymeBank and Bank Zero offered...
  5. Jan

    Elon Musk has enough wealth to buy several of South Africa's biggest companies and get change

    Elon Musk is worth more than MTN, Vodacom, Checkers, and Absa — put together Elon Musk has so much money that he can buy MTN, Vodacom, Standard Bank, Capitec, Sasol, Absa, Checkers, Nedbank, and Woolworths — and have over R2 trillion left.
  6. Jan

    Scammer behind R100-million university BEC attack skips country after Hawks release him

    Hawks release scammer behind R100-million university hack — promptly flees country The mastermind behind the scam that almost stole R100 million from the University of Mpumalanga has fled the country after he was released by the Hawks.
  7. M

    Bank EFT clearance times

    How long does it take for EFTs to clear? ABSA to Investec? Payment made 15h00 Friday and Investec to Capitec? TIA
  8. A

    Best SA bank while temporarily overseas?

    Any suggestions on the best SA bank for if you need a SA bank account but are also going overseas for 3-6 months at a time? I will be heading overseas soon but still need to keep my SA bank account for salary payments to go into and out of. I'll be overseas for 3-6 months and will be getting a...
  9. Hanno Labuschagne

    Sign up for a Capitec account with virtual card via a face scan on its banking app

    Sign up for a Capitec account with virtual card via a face scan on its banking app Capitec has launched a new feature on its mobile banking app which makes it possible for South Africans to open an account using facial biometrics. The bank said the solution takes only a few minutes and employs...
  10. S

    Financial crime costs the economy billions and criminals are always finding new ways to syphon money Nischal Mewalall, CEO of SABRIC:
  11. I

    Trouble depositing into Trading212

    Hey everyone, Does anyone have troubles depositing into the Trading212 platform? I'm trying to deposit via the Mastercard/Visa payment using my Capitec card but I'm getting an error saying that my transaction is declined by my card issuer, and asks me to ask Capitec to authorize the payment...
  12. J

    Capitec launches QR code payments

    Capitec launches QR code payments Capitec has announced the launch of "Scan to Pay" QR code payment functionality in its new banking app. The bank said this is the only Scan to Pay offering from a South African bank that can be used across all major QR code-based payment providers, including...
  13. J

    Capitec clients hit by glitch

    Capitec clients hit by glitch Several Capitec clients awoke on Friday to find that money had been deducted from their accounts in the early hours of the morning. On social media, clients posted that they received SMS notifications for purchases and cash withdrawals at Shoprite stores.
  14. M

    Additional Capitec Savings Account (Add-on)

    How do I open a savings account linked to my main Capitec Account? Do I have to go into a store? Can I activate/apply online? Does this account have a different account number?
  15. M

    Capitec Mobile App offline?

    Is the Capitec Mobile App offline for anyone else? I couldn't log on since 15h30 this afternoon.
  16. D

    Capitec Account Question

    Hi Can anyone confirm if a Capitec Debit account/card can do the following: 1. Purchase from 2. Purchase from Gearbest. 3. Linked with Paypal just in case I want to use it as a payment method. 4. Purchase from Steam.
  17. A

    International forex advice

    What's the best and most cost effective payment method during overseas travel? The capitec card seems to be the cheapest when it comes to exchange rates and extra fees on foreign purchases. Would a capitec credit/debit card be a better option than taking a prepaid forex card? Will there be...
  18. Solarion

    Capitec to refund 25,000 customers after R99 debit fraud hits South Africa’s banks

    Full Article
  19. J

    Why Capitec won’t get Smart ID services in its branches

    Why Capitec won’t get Smart ID services in its branches Capitec can’t accommodate Home Affairs service desks for Smart ID and passports in its branches, a spokesperson for the bank has told MyBroadband. “Capitec strives to give our customers the most affordable banking solution – that means...
  20. D

    Capitec Global One card

    Can I use my Global One card on