How to maintain credit worthiness and a good credit score

SATopShops While many factors are considered to assess a credit application, one of the key factors that credit providers consider is a credit score. Nico van Staden, Head of Consumer Credit at FNB, advises on how consumers can maintain their credit worthiness and a good credit score. “The easiest way to understand a credit score … Read moreHow to maintain credit worthiness and a good credit score

Prophet Mboro takes on Absa: He says its a fight against unauthorised debit orders

SATopShops The fight against unauthorised debit orders within South African banks has taken a new and interesting turn with  Prophet Paseka Motsoeneng, widely known as Mboro, entering the fray. Prophet Mboro, of the Incredible Happenings Church, is taking on the largest bank in the country, Absa, over unauthorised debit orders in his accounts that he says have caused him … Read moreProphet Mboro takes on Absa: He says its a fight against unauthorised debit orders

Take a closer look: Hidden banking charges could be massive

How your bank could earn a princely R31,450 on a single transaction. SATopShops A closer and informed scrutiny of your banking charges, business banking charges in particular, could reveal massive hidden charges that could save you considerable amounts of money. Times are  tough. And so, the banking charges advise issued by Bianca Botes, corporate treasury manager … Read moreTake a closer look: Hidden banking charges could be massive

Take up of ABSA’s ChatBanking On WhatsApp is picking up

Tech Financials More than 10 000 customers have registered for ABSA’s ChatBanking on WhatsApp service, said the banking group in a statement. The banking group launched ChatBanking on WhatsApp service on 11 July 2018. Absa ChatBanking on WhatsApp is an automated messaging system available to Absa account holders. It allows users to perform simple banking on the … Read moreTake up of ABSA’s ChatBanking On WhatsApp is picking up

FNB enables payment via Fitbit and Garmin Wearable devices

SATopShops FNB customers can now make payments by simply tapping their compatible Fitbit or Garmin Wearable gadgets on any contactless enabled point-of-sale device. As in the case of smartphone based FNB Pay, these wearables need to be linked to VISA enabled FNB Banking Cards. FNB Pay allows customers to use their mobile phone like a bank … Read moreFNB enables payment via Fitbit and Garmin Wearable devices

WesBank Graduate Finance: A move for the young professionals

SATopShops WesBank, a vehicle and asset finance specialist, is gunning for the young professional market with an offering titled Graduate Finance. It is tailored to accommodate  new graduates who may struggle to secure finance due to lack of credit history. WesBank executive, Ghana Msibi, is quoted saying the offering  is designed to empower graduates with … Read moreWesBank Graduate Finance: A move for the young professionals

How a group of black professionals is building a new mutual insurance operation

A group of black professionals organised as KCB and largely known for their ambition of establishing a cooperative bank are also working on a mutual insurance operation titled KCB Life. They promise to take the market by storm. We asked KCB steering committee member, Moeketsi Nchoba, to clarify what KCB Life is about. What is … Read moreHow a group of black professionals is building a new mutual insurance operation

Black Elite, a minibus taxi rewards program, could become a bank

Ujuh Reporter Black Elite, a card-based consumer programme that offers fuel rewards to minibus taxi operators, could become a considerable banking operation, if its backers follow through their stated vision. The fuel rewards programme was launched recently by SA Taxi, an independent minibus taxi financier, in collaboration with Taxi Choice, the commercial arm of the … Read moreBlack Elite, a minibus taxi rewards program, could become a bank

Top tips: How to reduce bank charges via digital channels

SATopShops Consumers can make some considerable savings and stretch their budgets by taking advantage of digital and electronic banking channels to reduce banking charges. FNB Consumer Core Banking CEO, Ryan Prozesky, says small and gradual changes in banking behavior can help cut back on banking costs in the long-term.  Prozesky shares tips on how customers can reduce … Read moreTop tips: How to reduce bank charges via digital channels

The list of FNB’s new bank fees and eBucks Rewards

SATopShops First National Bank (FNB) is set to raise its banking fees on the 1st of July in what the bank says partly accounts for Value Added Tax (VAT) increases and historically surpassed charges. The bank is also revising eBucks Rewards. FNB Retail CEO, Raj Makanjee urges customers to use digital channels whenever possible. That’s … Read moreThe list of FNB’s new bank fees and eBucks Rewards