Little to no bank fees with these new accounts from banks | IOL Business Report

JOHANNESBURG - African Bank on Tuesday launched its transactional banking offering, MyWORLD, as takes on fierce competition from South Africa's established lenders and new contenders in the banking space with the bold claim of being "the cheapest transactional account in South Africa".

Chief executive of of African Bank, Basani Maluleke, said, “When we compare ourselves to the Solidarity Bank Charges Report methodology, MyWORLD is the cheapest transactional account in South Africa." The account is called “MyMo”, and can be opened online by individuals with no monthly income. The account also offers the access to free data and airtime. When an African Bank primary account holder opened MyWORLD account, can access to aprimary account and two types of Pockets — a Power Pocket and a Savings Pocket. A Power Pocket comes with its own account number, debit card and PIN and earns 5.5% interest a year on positive balances.

A Pocket User, who can be anyone that the primary account dolder designated, could be added to both a savings pocket and a power pocket. Accounts can be opened and managed using African Bank’s website, App, cellphone, in the branches and through contact centres.

Finance Finance Latest News, Finance Finance Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

A pause for a little horse trading and greedy decisionsSo, this Saturday Cyril Ramaphosa will be inaugurated at Loftus Versfeld. It's cheaper than the Union Buildings and just down the road they honestly dont deserve cabinet positions. I so wish all these useless hags in the picture are excluded in the new cabinet, but then again rama-buffalo is also useless samkelemaseko Fire in mountain 🏃🏃
Source: SundayTimesZA - 🏆 47. / 51 Read more »

BUSINESS MAVERICK: Goldman Sachs’ big, big bet on South AfricaAs if Goldman Sachs’ very public pre-election support for the ANC was not enough, the firm hosted an investment conference on Wednesday that was headlined by President Cyril Ramaphosa and attended by public enterprises minister Pravin Gordhan, investors and SA industry. While the close relationship between government and the investment bank may be music to the ears of business, the timing of the conference looks designed to curry favour — and eyebrows are being raised. They will see their arses in SA
Source: dailymaverick - 🏆 3. / 84 Read more »