Opening a bank account
A bank account is a safe and convenient way to manage your money. To open an account, all you need is your ID book and proof of residence.
A bank account is a safe and reliable way to keep your money, and many jobs nowadays require you to have a bank account to receive your salary.
It is important to remember that it costs fees to have a bank account. However, bank fees differ between banks and products, and there are accounts that include a range of services fee free.
Get to know what’s available before getting your bank account and be sure to look for the benefits and services that match your daily needs.
It is law in South Africa that banks keep accurate records of their customers. For that reason the requirements for opening an account at any bank will be the same.