Comments on: I’m changing to Capitec – I’ve had enough of Standard Bank http://www.relax-with-dax.co.za/im-changing-to-capitec-ive-had-enough-of-standard-bank What's what - in Cape Town Tue, 07 Feb 2012 07:03:01 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Justin http://www.relax-with-dax.co.za/im-changing-to-capitec-ive-had-enough-of-standard-bank/comment-page-5#comment-374654 Justin Mon, 06 Feb 2012 21:38:08 +0000 http://www.relax-with-dax.co.za/?p=1111#comment-374654 My apologies Anthony, never heard of a debit card with ccv numbers so I stand corrected. Capitec probably will take a LONG while to get it, it took them 3 years to set up their internet banking and they had their postponed start time with starting it up, but I still say it does not make economic sense to leave Capitec just for the CCV number. Rather keep capitec open foe the interest and low service fees and get a credir card if you need to do online shopping with a ccV card? You will surely pass less fees with a once a month debit to your credit card from your capitec account. My apologies Anthony, never heard of a debit card with ccv numbers so I stand corrected.
Capitec probably will take a LONG while to get it, it took them 3 years to set up their internet banking and they had their postponed start time with starting it up, but I still say it does not make economic sense to leave Capitec just for the CCV number.

Rather keep capitec open foe the interest and low service fees and get a credir card if you need to do online shopping with a ccV card?

You will surely pass less fees with a once a month debit to your credit card from your capitec account.

]]> By: Anthony http://www.relax-with-dax.co.za/im-changing-to-capitec-ive-had-enough-of-standard-bank/comment-page-5#comment-374633 Anthony Mon, 06 Feb 2012 20:39:44 +0000 http://www.relax-with-dax.co.za/?p=1111#comment-374633 @ Justin....nope, talking about DEBIT cards not CREDIT cards, FNB gave me one with a ccv number and I could do online transactions with it, if you like I can take a picture of it to show you. Capitec told me last year that they were also getting debit cards with CCV numbers and chips when I opened my account, that branch told me they would be available in November. I do my homework on these things. @ Justin….nope, talking about DEBIT cards not CREDIT cards, FNB gave me one with a ccv number and I could do online transactions with it, if you like I can take a picture of it to show you. Capitec told me last year that they were also getting debit cards with CCV numbers and chips when I opened my account, that branch told me they would be available in November. I do my homework on these things.

]]> By: Justin http://www.relax-with-dax.co.za/im-changing-to-capitec-ive-had-enough-of-standard-bank/comment-page-5#comment-374490 Justin Mon, 06 Feb 2012 14:41:14 +0000 http://www.relax-with-dax.co.za/?p=1111#comment-374490 I , or my wife, has a woolies credit card. It has an annual subscription but you also get vouchers. Plus to pay your account is free with your capitec card, just go install and swipe... Also Anthony, if you have to do an eft to your credit card from your capitec account, (which on the banks internet site credit card payments have its own option) you can just do it for I think R3 a payment. Where as FNB will charge you more than that for the transfer... So, logically, can't support your view to leaving I , or my wife, has a woolies credit card. It has an annual subscription but you also get vouchers. Plus to pay your account is free with your capitec card, just go install and swipe…

Also Anthony, if you have to do an eft to your credit card from your capitec account, (which on the banks internet site credit card payments have its own option) you can just do it for I think R3 a payment.

Where as FNB will charge you more than that for the transfer…

So, logically, can’t support your view to leaving

]]> By: Justin http://www.relax-with-dax.co.za/im-changing-to-capitec-ive-had-enough-of-standard-bank/comment-page-5#comment-374488 Justin Mon, 06 Feb 2012 14:37:05 +0000 http://www.relax-with-dax.co.za/?p=1111#comment-374488 @ Anthony , I am afraid that you are confusing a DEBIT card with a CREDIT card. Credit cards have CCV numbers. Capitec does not offer a credit card, if you had read the posts you would have seen this immediately, ie, that Capitec offers only a straightforward savings account with a DEBIT card which gives you free at the till purchases. So if you want a CREDIT card, you should apply at an institution that offers the facilities, but it does not make sense to complain about an institution that does not offer Credit Card facilities not to have them. Its like complaining that your dog does not give you milk... Suggestions for a credit card included virgin which apparently has no subscription fee. Also, just as a matter of interest, you can make online purchases wherever they accept an EFT with Capitec. I do a number of purchases from groupon, Ubuntu deal etc which are online sites, just as an eft and emailing proof of payment. So, as so many others have pointed out, keep your credit card wherever, but for your saving / banking move over to capitec, its cheaper, more convenient and better service. And by cheaper I mean hundreds of rands a month... @ Anthony , I am afraid that you are confusing a DEBIT card with a CREDIT card. Credit cards have CCV numbers.

Capitec does not offer a credit card, if you had read the posts you would have seen this immediately, ie, that Capitec offers only a straightforward savings account with a DEBIT card which gives you free at the till purchases.

So if you want a CREDIT card, you should apply at an institution that offers the facilities, but it does not make sense to complain about an institution that does not offer Credit Card facilities not to have them. Its like complaining that your dog does not give you milk…

Suggestions for a credit card included virgin which apparently has no subscription fee.

Also, just as a matter of interest, you can make online purchases wherever they accept an EFT with Capitec. I do a number of purchases from groupon, Ubuntu deal etc which are online sites, just as an eft and emailing proof of payment.

So, as so many others have pointed out, keep your credit card wherever, but for your saving / banking move over to capitec, its cheaper, more convenient and better service. And by cheaper I mean hundreds of rands a month…

]]> By: Anthony http://www.relax-with-dax.co.za/im-changing-to-capitec-ive-had-enough-of-standard-bank/comment-page-5#comment-374484 Anthony Mon, 06 Feb 2012 14:24:44 +0000 http://www.relax-with-dax.co.za/?p=1111#comment-374484 I am thinking of CLOSING my Capitec account and going back to FNB, I cannot make online purchases with a Capitec Card as they don't have CCV numbers...not can they say when those cards will be in. Not good enough. I am thinking of CLOSING my Capitec account and going back to FNB, I cannot make online purchases with a Capitec Card as they don’t have CCV numbers…not can they say when those cards will be in. Not good enough.

]]> By: julian http://www.relax-with-dax.co.za/im-changing-to-capitec-ive-had-enough-of-standard-bank/comment-page-5#comment-371325 julian Tue, 31 Jan 2012 14:15:34 +0000 http://www.relax-with-dax.co.za/?p=1111#comment-371325 its the final straw im changing to capitec thanks alot standerd bank for the shittie service regards its the final straw im changing to capitec thanks alot standerd bank for the shittie service
regards

]]> By: Justin http://www.relax-with-dax.co.za/im-changing-to-capitec-ive-had-enough-of-standard-bank/comment-page-5#comment-368657 Justin Wed, 25 Jan 2012 09:59:34 +0000 http://www.relax-with-dax.co.za/?p=1111#comment-368657 OMW , I was thinking of opening up a savings account for my kid, that she has access to and was told to try FNB fluid account, billed as "FNB's Fluid Account is designed for the youth market, specifically for those 18 years of age or younger. Get great discounts and save on banking fees at the ." Well, you need a minimum balance of R1000 to avoid the monthly fee, R5.25. But then they charge you for everything else, include depositing money into your own account. How the heck are you expected to save. cash withdrawal rates Value: R0.01 – R500.00 R5.70 Value: R500.01 – R1 000.00 R11.40 Value: R1 000.01 – R1 500.00 R17.10 Value: R1 500.01 + R22.80 I really don't want to go into all the other charges, cause there are lots, but see http://www.fnbweb.co.za/cbs/pricingguide/Personal/Fluid_e.asp this is recommended for kids... to save. hell might as well give FNB all the kids money .... To top it off, I asked how much they give me for credit interest, ZERO point ZERO five percent on balances above R1000. 0.05% on credit interest above R1000. man, FNB, if I wasn't so well brought up I would be flipping you the bird with both hands. OMW , I was thinking of opening up a savings account for my kid, that she has access to and was told to try FNB fluid account, billed as “FNB’s Fluid Account is designed for the youth market, specifically for those 18 years of age or younger. Get great discounts and save on banking fees at the .”

Well, you need a minimum balance of R1000 to avoid the monthly fee, R5.25. But then they charge you for everything else, include depositing money into your own account.

How the heck are you expected to save.

cash withdrawal rates
Value: R0.01 – R500.00
R5.70

Value: R500.01 – R1 000.00
R11.40

Value: R1 000.01 – R1 500.00
R17.10

Value: R1 500.01 +
R22.80

I really don’t want to go into all the other charges, cause there are lots, but see http://www.fnbweb.co.za/cbs/pricingguide/Personal/Fluid_e.asp

this is recommended for kids… to save.

hell might as well give FNB all the kids money ….

To top it off, I asked how much they give me for credit interest, ZERO point ZERO five percent on balances above R1000. 0.05% on credit interest above R1000.

man, FNB, if I wasn’t so well brought up I would be flipping you the bird with both hands.

]]> By: Money, money, money! | i heart dance http://www.relax-with-dax.co.za/im-changing-to-capitec-ive-had-enough-of-standard-bank/comment-page-5#comment-365351 Money, money, money! | i heart dance Thu, 19 Jan 2012 11:48:20 +0000 http://www.relax-with-dax.co.za/?p=1111#comment-365351 [...]  1.  Change your bank.   Bank charges in South Africa are exorbitant, admin is poor and we’re not very well protected against various types of fraud.   Enter Capitec!    A big thank you to Dax Villenueva for showing me the way.   Read more here (especially the comments):  http://www.relax-with-dax.co.za/im-changing-to-capitec-ive-had-enough-of-standard-bank [...] [...]  1.  Change your bank.   Bank charges in South Africa are exorbitant, admin is poor and we’re not very well protected against various types of fraud.   Enter Capitec!    A big thank you to Dax Villenueva for showing me the way.   Read more here (especially the comments):  http://www.relax-with-dax.co.za/im-changing-to-capitec-ive-had-enough-of-standard-bank [...]

]]> By: Pilgrim http://www.relax-with-dax.co.za/im-changing-to-capitec-ive-had-enough-of-standard-bank/comment-page-5#comment-359277 Pilgrim Wed, 11 Jan 2012 11:41:31 +0000 http://www.relax-with-dax.co.za/?p=1111#comment-359277 A am also in the process of changing over from ABSA to Capitec + Virgin Money. My ABSA monthly cost is around R150pm on my debit card and R20 on my credit card, with Capitec so far it is around R40, and VM is R0. A am also in the process of changing over from ABSA to Capitec + Virgin Money. My ABSA monthly cost is around R150pm on my debit card and R20 on my credit card, with Capitec so far it is around R40, and VM is R0.

]]> By: Manny http://www.relax-with-dax.co.za/im-changing-to-capitec-ive-had-enough-of-standard-bank/comment-page-5#comment-334880 Manny Mon, 12 Dec 2011 21:03:10 +0000 http://www.relax-with-dax.co.za/?p=1111#comment-334880 @Dax: okay just asking. I'm with you. 33 years with Standard W*nk (bad keyboard) and I'm looking to change to Capitec. I've had it with the outrageously high and stealth charges. Even FNB - I have a letter dated 13 July 2009 where FNB "advise" an increase in my home loan "admin fee" from R39.90 to R52.00. = R12.10... peanuts right? But it's a 30.2% increase. And how many home loans do FNB admin? Guess 1 million? So *just like that* they gave themselves a R12.1 mil INCREASE, PER MONTH. Nice huh? First National W*nkers (bad keyboard). @Justin: blog too long - must work more to pay higher bank fees coming soon. So ja - come early March I'll give Capitec a try. How else can we choke the greed? @Dax: okay just asking. I’m with you. 33 years with Standard W*nk (bad keyboard) and I’m looking to change to Capitec. I’ve had it with the outrageously high and stealth charges. Even FNB – I have a letter dated 13 July 2009 where FNB “advise” an increase in my home loan “admin fee” from R39.90 to R52.00. = R12.10… peanuts right? But it’s a 30.2% increase. And how many home loans do FNB admin? Guess 1 million? So *just like that* they gave themselves a R12.1 mil INCREASE, PER MONTH. Nice huh? First National W*nkers (bad keyboard).

@Justin: blog too long – must work more to pay higher bank fees coming soon.

So ja – come early March I’ll give Capitec a try. How else can we choke the greed?

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