capitec

  1. Jan

    Credit card account fee, interest rate, and currency conversion comparison

    Credit card fee comparison for traditional and digital bank accounts South Africa's major traditional and digital banks offer credit card accounts for various budgets and incomes, with stand-alone options starting from R30 a month. Four of South Africa's traditional banks offer credit cards...
  2. Jan

    5 out of 9 South African banks don't charge extra for rand payments to Netflix and Spotify

    These banks charge extra fees for rand payments to Netflix, Spotify and other online services Most South African banks don't charge additional transaction fees for rand-based payments to international merchants, despite charges levied by payment provider schemes like Visa and Mastercard. FNB...
  3. Jan

    Major outage at Capitec

    Big Capitec outage Capitec was hit by a significant service outage on Thursday — with online banking, mobile banking, card payments, and ATMs offline. Several customers vented their frustration at the issues on Twitter and Downdetector.
  4. T

    Capitec supports Samsung pay

    I got a notification this afternoon from my Capitec banking app saying their debit and credit cards are now supported by Samsung Pay. Samsung's website also confirms they are now a partnered bank! I managed to add my card, I'm going to try and make a payment with the card later this afternoon...
  5. Jan

    Entry-level Internet banking fees comparison

    Cheapest Internet banking fees in South Africa FNB's Easy PayU account offers the most affordable online banking transaction fees, while Absa's Transact account was the most expensive, a MyBroadband analysis of entry-level bank accounts showed. Online banking services became essential as the...
  6. Jan

    App-based banking fees comparison

    App-based banking in South Africa — how fees differ between banks All of South Africa's prominent banks offer app-based banking with varying fee structures, charging different amounts for basic payments, prepaid purchases, debit order disputes, and instant transfers. MyBroadband compared the...
  7. 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)...
  8. 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...
  9. 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...
  10. 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...
  11. 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.
  12. 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.
  13. marco79

    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
  14. 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...
  15. 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...
  16. S

    Financial crime costs the economy billions and criminals are always finding new ways to syphon money

    https://www.enca.com/shows/devi-23-february-2021 Nischal Mewalall, CEO of SABRIC:
  17. 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...
  18. 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...
  19. 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.
  20. marco79

    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?
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