So I went to Capitec

Ockie said:
Tsek! :mad:



:p
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Using VMCC very cleverly at the moment. Don't spend a cent on it until I see that the next payment due date is added to the online banking (even before statement arrives) then I pay all accounts etc and get the full 50 odd days for the equivalent money to lie in my Capitec account and earn maximum interest
 
Capitec: MR SWA, your June fees R5 (May R6). Total interest R485. Tip: Use our cellphone app for lowest fees and save more money & time!
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.
 
Odd chain of events:

got an sms a day for about 3 days warning about different ways to be careful and then last night got a message saying there is a hold on my account ........ phoned and was told it's a soft hold but no further details. So now it's a big rigmarole having to go in with everything and try find out wtf is going on. Anyone else experiencing any oddness by any chance?
 
Mephisto_Helix said:
Odd chain of events:

got an sms a day for about 3 days warning about different ways to be careful and then last night got a message saying there is a hold on my account ........ phoned and was told it's a soft hold but no further details. So now it's a big rigmarole having to go in with everything and try find out wtf is going on. Anyone else experiencing any oddness by any chance?
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Nope. Nothing strange here
 
Mephisto_Helix said:
Odd chain of events:

got an sms a day for about 3 days warning about different ways to be careful and then last night got a message saying there is a hold on my account ........ phoned and was told it's a soft hold but no further details. So now it's a big rigmarole having to go in with everything and try find out wtf is going on. Anyone else experiencing any oddness by any chance?
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Not that, but when I purchased something it double billed me and the one was on processing for 7 days holding my cash so went in and they removed it the next day.

Was hoping it would remove itself so waited a week before going in.
 
All fine here on my side, but I am running my Capitec account differently now because I have read of so many Capitec clients being card skimmed (could be their own carelessness though)...

I now keep R100 in the main GLOBAL ONE account and all other money spread over the other 4 savings accounts. I use my Virgin Money CC for day to day and when I need cash I just swipe at our business and take from the till (CC % < cash deposit fees). I have also turned SMS updates off on the Capitec account so transferring between accounts is now 100% free.

On debit order day I move just enough into the Global One to satisfy the debit orders. Of course if, like my insurance did this past 1/07, a debit order is higher than it should be, they will be returned as happened to me but that is a story for another day!!

Worst they can hit me is the R75 available balance in the Global One...
 
supersunbird said:
And returned debit orders are just R4.50, so not really a biggie like at the other banks.
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Yeah - was a big save. My insurance increased without my knowledge. Ford Credit repayment for wife's car was the last DO and got bounced. Worst part is the black dot with ABSA \ Ford Credit for the bounced DO but the financial penalty was just the R4.50 and the R3.20 DO fee which gets charged no matter what.
 
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