Publish Date: 11/07/2018
What do you look for in a bank? I must admit that, for the longest time, it just boiled down to the fact that my parents had taken out a savings account for me and I ended up using the same bank when I graduated from university. Not much thought went into it until I started blogging. Only then did I go further and do some research on what makes a great banking experience.
Here are some of the features to consider when choosing an everyday account:
I know it seems like a lot of questions to ask yourself, but finding the right bank account can make all the difference in your financial journey.
The African Bank MyWORLD banking account ticks all the boxes and then some! Let’s look at the benefits:
For the cherry on top, MyWORLD banking comes with the option of 5 Power or Savings Pockets that are automatically linked to your Primary Account.
The Power and Savings Pockets:
If, for example, you are planning for a wedding, you can now easily open a separate pocket account where you and the rest of your family can deposit funds. A MyWORLD bank account comes with a Savings Pocket and a Power Pocket automatically linked. You can open up to five Pockets, giving you the flexibility to assign various Pockets to individual savings goals.
If you have children, encourage the family to gift them money instead of presents. Ask them to deposit the money directly into a Pocket, which can be in their name. No matter how small the amounts are, over a period of time you can build up a pretty good amount for your kids with the interest earned. At the same time, you will be teaching your children a valuable financial lesson about how to manage their finances. With MyWORLD’s online capabilities, they will also be able to track the progress of their savings through their phone.
No matter the goal, MyWORLD banking is easy, convenient and, most importantly, cost effective. And, of course, there’s the added benefit of sharing your banking with your family and friends, should you want to.
About African Bank
Our mission is to be a successful Retail Bank offering a wide range of products and services to the consumers of South Africa. The people who work for African Bank represent the diverse population of South Africa; therefore we are a reflection of you, of all South Africans. We seek to provide value - more than our consumers expect of us. We promise to live our purpose 'humanity through banking' in all that we do and we are confident that we can, because 'We are You'.