Steps to Open a Capitec Bank Account

Capitec Bank is the most trusted and leading name among banks in South Africa. They have the largest nationwide network of Capitec bank branches and offer an array of accounts ranging from basic accounts to premium ones. At Capitec, you can be assured of finding an account to fits your criteria.

To save for the future, customers across the country have the option of opening a Capitec Bank Account. The savings accounts offered by Capitec come with the comfort of online banking facilities and free phone and mobile banking facilities. Customers have the option of opening a savings account either at a Capitec Bank closest to them or through the bank’s online facilities.

Eligibility Criteria to Open Capitec Bank Savings Account

To be eligible to open a savings account in Capitec Bank, customers need to meet certain criteria.

• Should be a citizen of South Africa.
• The applicant should be 18 years and above to be eligible. In the case of minors, the parents or legal guardians of the minor can open the account on their behalf.
• The applicant is required to have a valid identity and address proof that is government-approved.
• Once the application is verified by the bank, the applicant will have to make an initial deposit – depending on the minimum balance requirement of that particular savings account he/she has chosen.

Why Choose a Capitec Savings Account?

Through its network of branches in South Africa and overseas, Capitec provides a range of financial products including the Capitec Savings Account. The savings account has a variety of benefits and services. The most attractive features are that the savings account does not require a minimum balance and provides an Automated Teller Machine (ATM)/Debit card, net banking, credit card, and mobile banking facilities.

Key Benefits of Capitec Savings Account

The following are the key benefits of the Capitec savings account: 

• Internet Banking, Mobile Banking, Cellphone Banking
• Transfer accounts to any Capitec Branch without changing the account number
• Passbook issued free of charge
• Multicity cheques
• Safe Deposit lockers
• Nomination facility
• Personal Accident Insurance and car insurance are available at a nominal premium
• Multiple variants of ATM/Debit Cards like Gold Cards, International ATM/Debit Cards, etc.

Additional Benefits

Here are some of the additional benefits of a Capitec savings account: 

• Mobile Banking provides a host of services like funds transfers, interbank mobile payment services, enquiry and Capitec Bank statements, chequebook requests, utility bill payments, mobile recharges, and M-Commerce.
• Some of the facilities of Capitec Net Banking are opening and closing fixed deposits and transferring funds paying utility bills, online shopping, viewing statements, and Demat operations, and setting standing instructions.
• The Debit card can be used for balance enquiry, withdrawing money, paying insurance premiums, shopping, donations, and card-to-card transfers.

How To Open an Online Capitec Savings Account?

Follow the steps mentioned below to open a savings account online at Capitec Bank: 

1. Visit the official website of Capitec Bank (www.capitecbank.co.za)
2. Under the ‘Accounts’ section, Tap on the ‘Savings Account’ option. 
3. Tap on the ‘Apply’ option.  
4. Enter the requested details such as your name, date of birth, address, etc., in the application form.  
5. Click on the ‘Submit’ option.  
6. Once this process is finished, go to the branch with the necessary documentation. 
7. Capitec will initiate the verification process and activate your account within three to five business days.

Steps to Open an Account in Capitec Bank Offline

To open a Capitec savings account at any nearest Capitec Bank branch, customers will have to follow the steps mentioned below:

• Step 1: Visit the nearest branch of Capitec. 
• Step 2: Ask for a form to open a savings account.  
• Step 3: Fill out the form according to the specifications. 
• Step 4: Enter all the requested information and submit it along with relevant documents.  
• Step 5: Deposit a minimum amount of R1000. 
• Step 6: Take your free passbook and chequebook once the process is completed.

Open an Account with the Capitec Banking App

• Download the Capitec Bank App
• Choose the account you would like to open
• Tell us who you are
• To keep you safe, we will verify your cell phone number
• Take a selfie, and we will do facial matching with the Department of Home Affairs to confirm you are who you say you are
• Tell us where you live
• Let us know what you do for a living and your income
• Click Apply.

This is another way Capitec is finding innovative ways of doing business with our customers in mind. That is Africanacity, that is Capitec.

Capitec Account Helpline

For any help, grievance, or request related to the Capitec Bank account, customers can contact the helpline at – 0860 10 20 43 or email us at: ClientCareCentre@capitecbank.co.za.

FAQs on Steps to Open Capitec Account

Editorial Note: The information presented in this article is not provided by the Capitec Bank. The article has been created for educational purposes and is intended to be helpful for customers of the Bank. It should be emphasized that the content is not endorsed or validated by the Bank, and readers should refer to the official website for accurate and up-to-date information about the bank’s products and services.

Author

Hello friends, my name is RK Singh, and I am an engineer. But by profession, I am a blogger. My main goal in starting this blog is to solve the difficulties people face in using online banking, bank branch codes, debit cards, and credit cards. I am not affiliated with any bank or company. I try my best to give the correct information to the people so that they can achieve their goals in the right way.

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