January 21, 2021

Capitec now allows you to open a bank account without prove of address

The South African banking giant Capitec Bank announced that their bank now allows customers to open bank accounts without the need for proof of address.

Capitec Bank // Picture by Bloemfonteincourant

By Tsireledzo Michael

Capitec offers banking services to more than 10 million South Africans. The bank has been on a steady growth for the past few years and this new announcement is surely a major boost.  A process of opening a bank account in South Africa usually needs an ID, Proof of Address and minimum determined payment.

The bank made major announcement just a month ago when announced that they will be reducing their banking fees for 2019. Check the banking fees for Capitec here

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