South Africa's no-monthly-fee bank accounts compared

Hanno Labuschagne

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South Africa's no-monthly-fee bank accounts compared

Spot Money recently launched its new open banking platform in South Africa, offering a digital bank account with no monthly fees.

This account is managed purely through the Spot Money mobile application, which allows users to sign up simply by scanning their ID and taking a selfie.

Their debit card is then delivered to their door and they automatically receive two digital bank accounts – one for standard transactions and another for cashback rewards.
 
@Jamie McKane Spot Money cash deposit (in store topup) doesn't exist. How can they say that a service they don't offer is free?
 
Tyme Bank EFTs are FREE from 2021
What about including African Bank?
 
South Africa's no-monthly-fee bank accounts compared

Spot Money recently launched its new open banking platform in South Africa, offering a digital bank account with no monthly fees.

This account is managed purely through the Spot Money mobile application, which allows users to sign up simply by scanning their ID and taking a selfie.

Their debit card is then delivered to their door and they automatically receive two digital bank accounts – one for standard transactions and another for cashback rewards.

What is a native cash withdrawal on Spot, Bank Zero or Tyme?
 
Tyme Native is Pick n Pay and is free, not chargeable.
 
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