Capitec is a South African banking institution that offers a range of personal and commercial banking services to individuals and businesses. It is a South African bank, headquartered in Stellenbosch. It was founded in 2001 and has grown to be one of the country’s largest banks with over 15 million customers. Today, let’s see how to transfer money using capitec without app.
Topics Discussed in This Article:
- What type of bank is capitec and what is it’s purpose
- Why capitec is different from other banks
- What are the services offered by capitec bank
- how to transfer money using capitec without app
- How long does it take to transfer money using capitec
- Does capitec have E-wallet
Capitec Bank offers a wide range of banking services to their customers, including loans, savings accounts and investments. It was founded by Dr. Anton Rupert, who envisioned the bank as one that would offer cheaper banking services to the South African population.
The bank has grown rapidly since its founding, and now operates more than 500 branches across South Africa. Capitec also provides variety of services like e-banking services through its website, capitec.co.za, mobile app as well as ATMs at various locations throughout the country.
What Type of Bank is Capitec and What is it’s Purpose
Capitec is a type of commercial bank licensed by Reserve Bank of South Africa. It works in the same ways as any other commercial banks do. It is considered as one of the best bank not only in South Africa, but also in the world.
The main purpose of capitec bank is to promote excellence in banking. This is not only for investors and shareholders but also for the customers, staffs, communities and society.
Why Capitec is Different From Other Banks
There are many reasons as to why Capitec is different from other banks, but one of the major ones is that it offers an interest-free credit card. This means that you can use your credit card without having to pay any interest on your purchases.
- Capitec has simplified the banking process for their customers.
- It manages risk by making sure that there are no hidden costs or fees for their customers.
Another thing that sets Capitec apart from other banks is their unique service offerings for businesses and entrepreneurs. The bank offers various services such as a business loan or line of credit, which can be used by business owners to start up their own business or grow their current one.
What are the Services Offered By Capitec Bank
Capitec bank offers a list of services to customers. It provides personal, business, corporate and institutional banking services as well as wealth management. List of services offered by the bank are:
– Offer transactional accounts and money transfer services
– Saving and investment services
– Credit Facility
– Merchant Services
– Forex and Treasury
– Payment solutions and rental finance.
How to Transfer Money Using Capitec Without App
There is only one way to do this and that is by using USSD which is also called Cellphone banking. But, for this, you should be registered for mobile banking. After that, you can use following steps to send money:
Step 1: Dial *120*3279# and reply 9
Step 2: Accept the terms and conditions
Step 3: Reply 1
Step 4: Choose “From” account
Step 5: Enter the amount in step five that you want to send
Step 6: Create a 4-digit secret code. It will be used to collect the cash
Step 7: Enter your Mobile Banking PIN and that’s it.
If you send money using USSD. it will cost you R8 for transaction amount of R40-R1000. The daily or per transaction limit of sending money through USSD is R1000 whereas monthly limit is R24999.
How Long Does It Take to Transfer Money Using Capitec
Capitec bank offers ‘Easy Transfer’ which allows customers to transfer money between Capitec accounts within seconds. This makes it possible for customers to transfer money without having to visit any branch or ATM machine.
So, transferring money is as easy as one, two, three. The bank offers a variety of products and services to its customers ranging from credit cards to loans.
Does Capitec Have E-wallet
Capitec does not have an e-wallet. It has a mobile banking app that can be downloaded on iOS and android devices.
So, capitec is a great choice for people who are looking for a bank that can provide them with the best of both worlds. It is an online-only bank, which is perfect for people who don’t want to spend their time going to the branch. Capitec also has the best interest rates in South Africa.
This is how to transfer money using capitec without app. If you have any kind of confusion or question regarding anything, please let me know by commenting below. Thank You!
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