Capitec Bank Accounts
Below are some salient informations about the Capitec Bank Accounts. How to open an account and some various forms of accounts in the Capitec Bank are provided.
Opening an account
To open your account, we need the following 2 documents from you:
- Original identification document
- Original proof of residential address document
- If you are liable to pay tax in a country other than South Africa we require your foreign tax number
We will scan and keep a record of these for identification and verification purposes.
Documents we accept
Find out more about all the documents you need: FICA documents info
Some options will require a FICA Declaration form that you can get at any of our branches or download here: FICA Declaration form
Important note on all documents
- Certified copies of original documents are only accepted in the case of rental or lease agreements and marriage or birth certificates
- Temporary identity documents or passports are not acceptable
- A valid version of the document means that it must be current and unexpired
- FICA requires that all client information be correct and up to date. It is therefore important that you notify us of any changes to your identity or residential address details. Visit your nearest branch with your identification document and original proof of residential address to update your details
Transaction and savings
The transaction and savings account is your main account (R25 minimum balance; R5.80 monthly admin fee) that gives you affordable banking and up to 4 extra flexible, fixed or tax-free savings plans.
Benefits
Some of the benefits of the transaction and savings account:
- Access to Mastercard® Priceless® Cities worldwide
- Earn from 4.85% interest per year on daily balances
- Easiest transactions at lower, transparent bank costs
- Easy access to your money using our app, cellphone *120*3279#, the Internet and your Global One card
- Fix the money in any of the 4 additional savings plans and earn up to 9.1% interest
Transaction and savings account interest rates
| Amount (R) | R0 – R9 999 | R10 000 – R24 999 | R25 000 – R99 999 | R100 000+ |
| Interest rate (%) | 4.85 | 4.85 | 5.15 | 5.40 |
All interest rates quoted are nominal annual compounded monthly (NACM) rates.
Flexible savings plan
Choose the deposit amount and the frequency of your deposits.
Benefits
The benefits of the flexible savings plan:
- Earn from 4.85% interest per year on daily balances
- Choose your deposit amount and the frequency of your deposits
- Choose a name for your plan
- Access your plan any time through Remote Banking or our ATMs
- No monthly admin fee or minimum balance
Use our app to open a flexible savings plan
Create a flexible savings plan the easy way:
- Open our app
- Tap on Save
- Enter your Remote PIN
- Tap on Add Flexible Savings
Interest rates
| Amount (R) | R0 – R9 999 | R10 000 – R24 999 | R25 000 – R99 999 | R100 000+ |
| Interest rate (%) | 4.85 | 4.85 | 5.15 | 5.40 |
All interest rates quoted are nominal annual compounded monthly (NACM) rates.