40 cents per sms. I disabled INCOMING notifications. The cost to be warned about OUTGOING monies is worth it to me.....
-
Join the MyBroadband community
South Africa’s biggest forum. Discuss, discover, and connect with thousands of members.
-
Question of the Day: Will you be subscribing to the new Disney+ R49 streaming package?
So I went to Capitec
- Thread starter FlashSA
- Start date
40 cents per sms. I disabled INCOMING notifications. The cost to be warned about OUTGOING monies is worth it to me.....
RichardG
Honorary Master
Had issues with Nedbank due to an old ID book they wouldn't assist me to open an investment account. I had to go to home affairs apply for a new ID & temporary ID. What a mission..
With regards to Utility/Munciplities as proof of address. They explicitly want the original. I read their terms and condition & found a clause whereby copies would be accepted. The branch manager helped me open the account.
World is going paperless and emailed statements are the way to go. Banks need to catch a wake up in this regard...
RichardG
Honorary Master
I check on a regular basis on both my bank accounts about the activity. Proud you moved to Capitec. I laugh at people who say they pay R199 / 99 everything is included. With Capitec you'll save, better interest rate with them
RichardG
Honorary Master
Nearly all accounts received come electronically / via MMS. utility, woolworths, edcon, the list goes on. Companies want to save on paper &postage stamp
I have been with them for 10 days and am very impressed. I have kept my FNB gold cheque account open (R31.50 bank charges pm) so as to avoid the headache with changing a bank account for my SARS refund in July. I might still downgrade the account further to a Smart Account just to keep the account number and have the account as a backup in case Capitec has transaction issues.
I have changed my purchasing habits to use my Virgin Money CC exclusively for all retail and online purchases throughout the month and then settle it at next payday - earning Capitec interest on my salary until that date which more than covers my Capitec bank charges.
Making money work for you
AchmatK
Honorary Master
Lets see here.....
EBucks earned last month = 30 000
Makro voucher purchased = R4 000
4mb uncapped internet value = R400
Bank fees = R350 across all FNB products.
Average value extracted from FNB every month over the last 5 years = R4 000.00 per month.
FNB pays me to bank with them close to R50 000 per year.
Capitec who?
supersunbird
Honorary Master
Yes, but that's because you spend a lot and in a way that earns ebucks.
akescpt
Honorary Master
Wtf. You serious?
AchmatK
Honorary Master
Nothing that I wouldn't spend on any other account. Just normal transactions for our household. Prepaid airtime, checkers, fuel, municipal accounts, telkom, etc.
There is this assumption you have to spend unnecessarily to earn eBucks. I don't spend more to earn more. That's just stupid.
DA-LION-619
Honorary Master
AchmatK
Honorary Master
Only credit card and cheque account no home loan with FNB and no garage card. Bond is with standard bank.
My wife and I do however only transact on my account though. She transfers a lump sum at the end of every month to me and I have an additional credit card for her.
You've got big amounts through that account hence the big ebucks earn back - you are the exception.
Majority of us have debit orders (no ebucks to be earned) and a few account payments and then a lower to middle class amount of money left to live for the month - many of us would struggle to even qualify for ebucks.
I used to qualify, but FNB have made it harder and harder each year. I will take the interest from Capitec rather. First 10 days with them I earned R15 in interest - that is 1500 worth the equivalent ebucks FNB would've given me if I could've qualified...
Plus, with FNB, I would need to park R9k in the account to get the R100-R140pm unlimited pricing cost waived. Capitec fees for me amount to R25
So remember to put your atm / swipe limit as low as possible
Colin62
Executive Member
So for R27 a month you're prepared to queue in PnP or Checkers four times? You'd have to pay me a lot more than that to tempt me into that system.
DA-LION-619
Honorary Master
Mike Hoxbig
Honorary Master
I spend what I normally would, just a few behavioural changes to get to eBucks L5 (things like drawing cash @till).
I usually get between 5,000 - 10,000 eBucks (R500 - R1,000) every month. Total monthly spend in banking fees across all products (home loan, CC, cheque account etc.) is around R200.
Still can't believe that people think it's a "feature" for them to receive SMS notifications, and get charged for it...
Colin62
Executive Member
Nope, not in the context of doing your banking in a supermarket. What is it?
DA-LION-619
Honorary Master
When walk into Checkers/PicknPay/Spar there's this small section where you can buy the paper/airtime/ciggies with no queue.