Capitec Bank is a retail bank listed on the JSE Securities Exchange, South Africa. We provide accessible and affordable banking facilities to clients via the innovative use of technology, in a manner which is convenient and personalised. Capitec Bank is one of the main players in the South African microlending industry and has an estimated 10% share of the market.
FACTS & FIGURES
WHAT WE OFFER
FOCUS
Capitec Bank is a retail bank, which focuses on providing accessible and affordable banking services to clients via the innovative use of technology.
CONNECTIVITY
The branch, ATM and Point of Sale distribution network of the bank are enhanced by full connectivity to all the other major banks in South Africa. This provides access to a further 12 000 ATMs and 230 000 Point of Sale machines for Capitec Bank clients.
GLOBAL ONE BANKING FACILITY
The bank's unique offering to clients is a single Global One Banking Facility, which includes five savings accounts at 10% interest per year, 30-day and 90-day personal loans, term loans, transacting facilities (debit orders/stop orders), inter-bank transfers and retail debit card purchases, all packaged in one facility.
INNOVATION AND ACCESSIBILITY
An innovative, advanced banking system uses biometric access control to minimise administrative requirements and costs. This enables Capitec Bank to offer banking facilities which are highly accessible, secure and easy to use at less than half the cost of other banks.
PAPERLESS OPERATIONS
Client service is also enhanced by the unique banking system, which provides paperless account opening and transacting.
EXTENDED BANKING HOURS
Official bank hours at Capitec Bank are aligned with retail shopping hours: Minimum bank hours are from 08:00 in the morning to 17:00 in the afternoon. However, bank hours are often from 07:00 to 19:00. Capitec Bank offers 48 more banking hours per month than traditional banks.
INDUSTRY RELATIONSHIPS
Capitec Bank is a registered clearing bank, a member of the Payments Association of South Africa, connected to the SASWITCH transaction network and internationally partnered with MasterCard for local and international card transacting.
STATUTORY REQUIREMENTS
Capitec Bank subscribes to the Financial Services Charter and complies with the requirements as defined to date. In the Financial Mail study on BEE, Capitec Bank was placed 29th out of all listed companies on the JSE.
