Publish Date: 07/03/2019
Opening a bank account and transacting is quick and easy
The best way to keep your money safe and to save for your future is by opening a bank account, such as a current account or a savings account. There are different types of accounts and each offers unique benefits.
With an open bank account, you can perform a variety of transactions in line with your short-term or long-term goals.
So, what is a transactional bank account?
A transactional account allows you to choose the bank transaction you want to make, with easy access to your money on a daily basis and the option to enjoy benefits like internet or cellphone phone banking, debit swipes, ATM withdrawals, deposits and balance and statement enquiries.
A savings account, on the other hand, is for keeping your money secure so that it can accumulate interest over a period of time.
Why should I have a bank account?
These are 5 good reasons:
Types of bank accounts:
As you can now see, the world of banking need not be intimidating.
Improving the customer experience has become critical in today’s competitive retail banking environment. Banks understand that today’s customer demands flexibility, as well as easy-to-use products and services at affordable rates.
Start by shopping around. Get the right advice so that you understand which banks offer which products and services and which of these will suit your needs best.
Once you have made your decision, all it will require is providing the bank with certain details and then funding your account, in some cases with a minimum opening balance.
In the process of becoming a bank customer, you will discover there are no more lengthy processes involving reams of paperwork. You can have an open bank account at African Bank in only a few minutes through our website!
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'.