Capitec Bank

Capitec Bank was founded in South Africa in 2001 with the aim of improving access to banking services. It started out as a retail bank, but over time it has grown and expanded its offering into digital banking. This bank offers a range of financial services for both individuals and businesses.

In the personal banking section, you’ll find current accounts to manage your day-to-day income and expenditure, debit and credit cards, and the option to open various types of savings accounts (flexible savings accounts, fixed-term deposits), as well as personal loans and finance for buying a home, a car, home improvements, education or medical expenses. This financial institution also offers financial services for businesses: loans, overdrafts, purchase financing, savings accounts and deposits, and currency exchange services.

Capitec Bank also offers digital services such as:

A mobile app to check your account, make transfers or pay bills.

An online banking service that makes it easy to manage your account and carry out banking transactions without having to visit a branch in person.

Capitec Connect, a mobile phone service offering data and call packages

Capitec Rewards, a rewards programme offering discounts and cashback

Resources to improve users’ financial literacy