How much is Capitec Bank account?

If you’re considering opening a bank account in South Africa, Capitec Bank offers a competitive and straightforward option. With a focus on transparency and low fees, Capitec is becoming a popular choice among consumers. Here’s everything you need to know about the costs associated with a Capitec Bank account.

Capitec Transactional Account: Overview

Monthly Fees

To maintain a Capitec transactional account, you’ll need to budget for a monthly administration fee of R7.50. This fee is quite competitive compared to other banks, making it an attractive option for many South Africans.

Minimum Balance

A key feature of the Capitec transactional account is its minimum balance requirement of R30. This means you can easily manage your funds without worrying about hefty minimum balance fees.

Key Benefits of a Capitec Account

  1. Interest Earnings: Capitec allows you to earn interest on your daily balance. Interest rates vary based on the amount in your account:
    • 2.75% for balances up to R24,999.99
    • 3.95% for balances between R25,000 and R99,999.99
    • 5.35% for balances between R100,000 and R249,999.99
    • 6.90% for balances above R250,000
    These rates can help your savings grow over time, making Capitec a great option for those looking to maximize their savings.
  2. Low Transaction Costs: Capitec prides itself on transparent banking. You can make immediate payments for just R6.50 and withdraw cash at any ATM in South Africa for only R10 per R1,000. This cost-effective approach means you can manage your money without incurring hefty fees.
  3. User-Friendly Management: Capitec’s app and internet banking make it easy to manage your account, track your savings plans, and conduct transactions on the go. You can also use your Global One card to access features and benefits worldwide.
  4. Flexible Savings Plans: With Capitec, you can fix your money in any of four free savings plans to earn higher interest. This flexibility is a great advantage for anyone looking to save effectively.

Additional Information

Global One Agreement Updates

Capitec Bank has recently updated its Global One agreement, enhancing data protection clauses and features to improve customer experience. This means your personal information is safeguarded while enjoying seamless banking services.

Conclusion

In summary, opening a Capitec Bank account is not only affordable but also packed with benefits that can help you manage your finances more effectively. With a low monthly fee, a reasonable minimum balance requirement, and attractive interest rates, Capitec stands out as a reliable choice for banking in South Africa.

Overview of Public Universities in South Africa

Here's an overview of some public universities in South Africa, including general admissions requirements and estimated application periods. Keep in mind, specific program requirements and dates can vary significantly, so it's important to check each university's official website for the most current information.

University of Pretoria

  • Admissions Requirements: National Senior Certificate with minimum scores in specific subjects related to the chosen program; for international students, equivalent qualifications.
  • Application Period: Usually opens in March and closes at the end of July for most programs.

University of Cape Town

  • Admissions Requirements: National Senior Certificate with pass levels required for degree study; subject-specific requirements depending on the program.
  • Application Period: Application opens in April and closes at the end of July.

Stellenbosch University

  • Admissions Requirements: National Senior Certificate with required marks; some programs have additional testing.
  • Application Period: Opens in March and typically closes at the end of June.

University of the Witwatersrand

  • Admissions Requirements: Matriculation certificate with university exemption; required scores vary by faculty.
  • Application Period: Begins in March and ends on the 30th of September.

University of Johannesburg

  • Admissions Requirements: Matric exemption with a minimum APS score; specific subject requirements based on the faculty.
  • Application Period: Opens in April and generally closes by the 30th of September.

University of the Free State

  • Admissions Requirements: National Senior Certificate with specific marks for the program applied to; additional requirements for certain courses.
  • Application Period: Typically opens in April and closes at the end of August.

University of Venda

  • Admissions Requirements: Completion of the National Senior Certificate with an endorsement for diploma or degree studies; specific APS scores needed.
  • Application Period: Usually from May to September.

University of Fort Hare

  • Admissions Requirements: National Senior Certificate with university exemption; certain programs may have specific requirements.
  • Application Period: Opens around May and closes at the end of September.

University of the Western Cape

  • Admissions Requirements: National Senior Certificate with specific performance levels; additional requirements for certain programs.
  • Application Period: Generally from May to September.

North-West University

  • Admissions Requirements: National Senior Certificate with university exemption; program-specific requirements may apply.
  • Application Period: Opens in March and usually closes by the end of August.

Rhodes University

  • Admissions Requirements: National Senior Certificate or equivalent; minimum academic performance in certain subjects.
  • Application Period: Applications open in April and close at the end of September.

Nelson Mandela University

  • Admissions Requirements: National Senior Certificate with required scores for chosen programs; portfolio or additional tests for some faculties.
  • Application Period: Opens in April, with a deadline at the end of August for most programs.

Cape Peninsula University of Technology

  • Admissions Requirements: National Senior Certificate with specific scores; additional requirements for certain courses.
  • Application Period: Opens in May and typically closes by the end of September.

University of Limpopo

  • Admissions Requirements: Senior Certificate with endorsement for diploma or degree courses; specific APS scores for different programs.
  • Application Period: From April to September.

University of Zululand

  • Admissions Requirements: National Senior Certificate with an endorsement for bachelor’s degree studies; specific score requirements for various programs.
  • Application Period: Usually between April and November.

Central University of Technology

  • Admissions Requirements: National Senior Certificate with specific scores for the chosen field of study; additional criteria for certain programs.
  • Application Period: Application period generally starts in May and ends in October.

Vaal University of Technology

  • Admissions Requirements: National Senior Certificate with a pass that qualifies for admission to bachelor’s degree, diploma, or higher certificate programs.
  • Application Period: Typically from May to September.

Walter Sisulu University

  • Admissions Requirements: National Senior Certificate with required scores for chosen programs; additional criteria for certain faculties.
  • Application Period: From April to September.

This list provides a starting point for understanding the admissions landscape across South Africa's diverse higher education institutions. Given the variability in programs and requirements, it's crucial to consult each university's website for the most accurate and up-to-date information.