So I went to Capitec

I wish there was an option to get emailed statements.
Thats is the only thing I really want them to add. And credit cards too.
 
rodga said:
I wish there was an option to get emailed statements.
Thats is the only thing I really want them to add.
Click to expand...

Agree. I just do it manually: on the first I sort transactions to display previous month's and then print to PDF so I have a copy for my records. Not a train smash, just a bit of admin
 
FlashSA said:
2 interesting things I recently noticed:

*New CREDIT tab in the mobile App with a picture of cards on it (Credit Card coming finally?)
*You can't take a screengrab when inside the Capitec App due to DRM protection (I tried to to source the point above re CC)
Click to expand...

The new tab is CARDS. Not credit. You can currently manage your card limits from it and stop a lost/stolen card.
 
Kasei said:
The new tab is CARDS. Not credit. You can currently manage your card limits from it and stop a lost/stolen card.
Click to expand...

NO, there is a CREDIT tab and it most definitely has an image of cards on: CAPITEC APP.jpg
 
Claymore said:
Seems to me that the people who benefit most from Capitec accounts are those that spend little, are very, very concerned about banking fees, and have large amounts of money they want to keep in a current account instead of a higher-interest-earning non-current account. Quite a small target market, maybe.
Click to expand...

Or just want no frills banking with decent service, unlike Standard Bank that can't send a SMS and just locks your account "because FICA", Capitec did send me a SMS about it when it was required.

Capitec now has more retail customers then Nedbank. Capitec is now on the JSE Top 40.
 
supersunbird said:
Or just want no frills banking with decent service, unlike Standard Bank that can't send a SMS and just locks your account "because FICA", Capitec did send me a SMS about it when it was required.

Capitec now has more retail customers then Nedbank. Capitec is now on the JSE Top 40.
Click to expand...

+1
last month I tried to move some funds from my sb account only to find out that electronic limit was reset to 0, so couldnt transfer anything.
Called them as it was after hours and was quite urgent but they couldnt help, said I had to go in to get it changed.
Tried a secure message on online banking hoping it would work, it did but only the next day and after lots of phone calls and messages to SB about how dissatisfied I am.

Then a day later get called by the fraud division who wants to verify my details - but I refuse to give my details over the phone.
The idiot threatens to cancel my card so i have to go into the bank and give them my details in person.
Gave him and his manager a mouthful. Not that it made any difference.

Beginning of July i get an sms from SB saying that my "EAP limit changed to R0"
Awesome :mad:
 
rodga said:
+1
last month I tried to move some funds from my sb account only to find out that electronic limit was reset to 0, so couldnt transfer anything.
Called them as it was after hours and was quite urgent but they couldnt help, said I had to go in to get it changed.
Tried a secure message on online banking hoping it would work, it did but only the next day and after lots of phone calls and messages to SB about how dissatisfied I am.

Then a day later get called by the fraud division who wants to verify my details - but I refuse to give my details over the phone.
The idiot threatens to cancel my card so i have to go into the bank and give them my details in person.
Gave him and his manager a mouthful. Not that it made any difference.

Beginning of July i get an sms from SB saying that my "EAP limit changed to R0"
Awesome :mad:
Click to expand...

I saw this weekend my limit is also R0 now. No SMS. Standard Bank might as well close that account since one can now buy airtime on Capitec internet banking.

People say Capitec is a "mickey mouse bank" or whatever, what's Standard Bank then? A goofy bank?
 
supersunbird said:
I saw this weekend my limit is also R0 now. No SMS. Standard Bank might as well close that account since one can now buy airtime on Capitec internet banking.

People say Capitec is a "mickey mouse bank" or whatever, what's Standard Bank then? A goofy bank?
Click to expand...

People that says that think their arse dont stink with their fancy black credit cards blah blah and that they get fantastic service because they pay lots of money for banking .... but unless you are one of the select few that can bank with institutions like Investec or RMB then the service is most likely just as k@k. My sister is supposed to have a "private banker" with ABSA but the sh*t they put her through with her bond and renovations she wanted to do with her last place was just unbelievable...private banker or not.
 
FlashSA said:
NO, there is a CREDIT tab and it most definitely has an image of cards on: View attachment 232990
Click to expand...

No one's denying the EXISTENCE of a CREDIT tab. Only clarifying that it's not the NEW one. The Cards tab is the new one. Credit relates to loans (Any active Multi-loan or long-term loan on users account)
 
Claymore said:
Seems to me that the people who benefit most from Capitec accounts are those that spend little, are very, very concerned about banking fees, and have large amounts of money they want to keep in a current account instead of a higher-interest-earning non-current account. Quite a small target market, maybe.
Click to expand...
They have fixed deposits for that. ;)
 
I think some people are over complicating an otherwise very simple product. It's just a bank account that tries to get out of the way between you and your money. For those with a little money; it let's THEM be the one's who use most of it (near negligible low fees). For those with a lot; it let's them reap the benefits of having a lot of money (interest) All without making it feel like you're jumping through hoops to enjoy those benefits. Their Global One is a very effective middle man.
 
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Have any of you used the Capitec ATM to deposit money? Beginning of this month I had to depost R1500.00 and the person doing the deposit for me inside the branch asked me if I knew I could make deposits at the ATM outside? I told her I know that at other banks you can do it and as far as I know the only Capitec ATM accepting deposits is in Cape Town some where. She told me they upgraded this branch to take deposits also.

I have never deposited cash at a ATM. How does it work? Put in the account number and then you put the notes in one by one?
 
Ockie said:
Have any of you used the Capitec ATM to deposit money? Beginning of this month I had to depost R1500.00 and the person doing the deposit for me inside the branch asked me if I knew I could make deposits at the ATM outside? I told her I know that at other banks you can do it and as far as I know the only Capitec ATM accepting deposits is in Cape Town some where. She told me they upgraded this branch to take deposits also.

I have never deposited cash at a ATM. How does it work? Put in the account number and then you put the notes in one by one?
Click to expand...

I haven't used a Capitec one for this, but have used ABSA and FNB many times. Walk up, choose CARDLESS SERVICES, enter account number, then it normally asks for reference and your phone number, then it opens a chute and you chuck your wad of cash into it.

It counts it and displays the amount. You confirm and it prints a confirmation slip.

Profit
 
FlashSA said:
I haven't used a Capitec one for this, but have used ABSA and FNB many times. Walk up, choose CARDLESS SERVICES, enter account number, then it normally asks for reference and your phone number, then it opens a chute and you chuck your wad of cash into it.

It counts it and displays the amount. You confirm and it prints a confirmation slip.

Profit
Click to expand...

Ah cool. Nice that you dont have to feed it in one note at a time. I will use this then next time.
 
Ockie said:
Have any of you used the Capitec ATM to deposit money? Beginning of this month I had to depost R1500.00 and the person doing the deposit for me inside the branch asked me if I knew I could make deposits at the ATM outside? I told her I know that at other banks you can do it and as far as I know the only Capitec ATM accepting deposits is in Cape Town some where. She told me they upgraded this branch to take deposits also.

I have never deposited cash at a ATM. How does it work? Put in the account number and then you put the notes in one by one?
Click to expand...

Is it free? What's the incentive of using the ATM over going inside the branch?
 
DA-LION-619 said:
Is it free? What's the incentive of using the ATM over going inside the branch?
Click to expand...

Not free, but the lady said it works out cheaper than a deposit inside the branch.

EDIT: Seems quite a bit cheaper actually


Salary cheque
FREE
Non-salary cheque
18.00
Cash for loan repayment
FREE
Notes (cash-accepting ATM)
70c per R100
Coins (cash-accepting ATM)
R1.40 per R100
Notes/Coins (branch)
R1.40 per R100
Special clearance cheque
80.00
Returned cheque deposit
100.00
Incoming international payment in rand (fixed fee)5
80.00
Incoming international payment in foreign currency5
80.00
 
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