Yes, you can now open a bank account from the comfort of your own home or office. This is made possible by advanced digital technology, which primarily employs facial biometrics and other tools.
How do I set up a Capitec account using my phone?
Install the Capitec banking app on your smartphone if it is internet-enabled.
Scan your face by holding your phone’s front camera in front of you and following the prompts to capture a proper image;
Scan your ID, which could be a South African passport, a new smart card, or an old one with green barcodes.
Wait for the app to confirm that your face matches the one on your identity card.
Enter the specifics of the personal information requested;
By scanning your face, you agree to three sets of terms and conditions.
You can use the app’s features once your account is activated.
Finally, if you require a physical Capitec branch, go there to get your card.
Can I register for Capitec online?
You certainly can. Capitec began working on online account opening several years before the Coronavirus became a pandemic. According to Van Der Westhuizen, Product Owner: Remote Onboarding, part of the bank’s digital strategy was to onboard customers digitally so that they did not have to queue at any of their branches. He believes remote onboarding benefits customers in a variety of ways. Every month, 200,000 to 300,000 customers visit the bank’s branches for one reason or another. As a result, as long as you meet the requirements, the registration process to open a bank account online at Capitec is simple.
What is the cost of opening a Capitec bank account?
The majority of the time, opening a Capitec account is free, but your transactional balance cannot be less than R25.00. At the same time, you must pay a monthly administrative maintenance fee of R6.50.
Is it possible to open a Capitec account online?
Finally, you can, thanks to Capitec Bank’s efforts to simplify complex processes so that their thronging customers’ banking experience is enjoyable. This is not surprising given that, in this digital age, industries are attempting to make complex things more accessible to their thronging consumers.
