Capitec is the largest digital bank in South Africa, founded on March 1, 2002. Almost 18 million customers use this digital bank service. Capitec became the second-largest bank in South Africa in 2017. According to the survey, almost 120,000 people join Capitec in a month. The Capitec digital account enables money transactions, savings, and credit access via online banking.
How can I open an account on Capitec?
Capitec allows you to open your digital account anywhere; you do not have to visit a bank and wait in a queue, furthermore. All you need is a government-issued ID, and you can open your Capitec account anywhere and anytime. The following steps will help you open an account on Capitec:
● Step 1
Download the Capitec app on your mobile phone.
● Step 2
After downloading, launch the app and enter your valid email address or South African mobile phone number.
● Step 3
Add a picture.
The app will use facial recognition technology to scan your picture and scan your unique features for a biometric signature. So, you do not have to visit any branch to verify your account.
● Step 4
Add all of the details that have been asked for.
All the data you have provided will be verified with the Home Affairs database to make sure that it is you who is opening the account.
After all the authentication is done, you will get a card.
Once you have opened your account successfully, you can enjoy all online banking features such as money transactions, savings, online shopping, etc.
How to pay other clients?
Once you have registered your account on Capitec’s digital bank, you can transfer money with great ease to another Capitec account. Dial *120*3279# and follow these steps:
- First, choose Transact.
- Second, select Payments.
- Third, enter your PIN. Remember that your PIN must be kept secret. Do not share your PIN.
- After entering your PIN code, click on “log in.”
- Now enter the beneficiary (the client you want to send or transfer money to).
- If the beneficiary is a Capitec client, enter their valid phone number.
- Enter the payment details.
- After entering payment details, once again enter your PIN code and click on “Confirm.”
How do you transfer money from your account using the Capitec app?
If you want to transfer money from your Capitec app, then follow these steps:
- Open your app and click on “Save.”
- Sign in with your PIN.
- Next, select the option of “money transfer.”
- Select “from” and “to” accounts.
- Enter the amount you want to transfer.
- Click on “Transfer.”
Is the Capitec app free?
The Capitec app is free. You can download this app for free and create and manage your account without a subscription. The subscribers of MTN, Vodacom, Telkom, and Cell C can use the Capitec app without any data charges.
Moreover, there are a lot of benefits to online banking or cellphone banking. You can manage your account anytime and anywhere. You can check your transaction history, current balance, and debit orders, and it also helps you stick to your budget.