Post Bank Bakgotsi Savings Account | Likemoney.co.za

Savings Account - Post Bank Bakgotsi Savings Account

Post Bank Bakgotsi Savings Account

 
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Post Bank Bakgotsi Savings Account

The Post Bank Bakgotsi Savings Account is designed for groups who have a constitution or…

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Post Bank Bakgotsi Savings Account

The Post Bank Bakgotsi Savings Account is designed for groups who have a constitution or written declaration of goals. The account is specifically safe as two signatories must always be present when making withdrawals. The Post Bank Bakgotsi Savings Account is for South Africans working together for a better future. It is developed for groups such as clubs, stokvels and societies. The Bakgotsi account helps these various groups reach their saving potential and keeps their money safe while it accumulates interest.

Post Bank Bakgotsi Savings Account Benefits:

  • Record all transactions with a Savings book.
  • There is no minimum or maximum balance.
  • You can choose how long you want to save for.
  • There is no monthly management or service fees.
  • You will have unlimited online withdrawals.

To qualify to open a Post Bank Bakgotsi Savings Account, a group of individuals must have a written declaration of goals or a constitution. You will need three authorized signatories and two signatories must always be present when making withdrawals. This makes the Bakgotsi account safe, especially when money is withdrawn from the account.

You can apply for the Post Bank Bakgotsi Savings Account at your nearest post office. You will need to submit your constitution or set of rules upon application. You will need to present your identity document and proof of resedencial address of all signatories.

 

Post Bank contact details:

Address: Industrie Wibsey,
Kent Ave,
Johannesburg, 1717

Tel: 0800 53 54 55
Email: [email protected]
Website: www.postbank.co.za

Account Details

Monthly Fee (R) 0.00
Minimum Opening Balance 50.00
Minimum Age 18
Best Interest 4.95%

Interest Rates

R50 - R1,000 3.25%
R1,000 - R10,000 3.25% - 3.55%
R10,000 - R50,000 3.55% - 4.95%
R50,000 - R100,000 3.55% - 4.95%
R100,000 - 1,000,000 3.55% - 4.95%

Deposits

Cheque Deposit Branch R0.00
Cheque Deposit ATM R0.00
Cash Deposit Branch R3.00 up to R199.99, + R1.60/R100.00 or part thereof above R199.99
Cash Deposit ATM NA

Cash Withdrawals

Branch counter R15.00
Own Bank ATM NA
Other Bank ATM NA
Overseas ATM NA

Account Payments

ATM NA
Branch Counter NA

Debit Orders

Internal Debit Orders NA
External Debit Orders NA

Fund Transfer

ATM NA
Branch Counter NA

Balance Enquiries

ATM R0.00
At Other Bank ATM NA
Branch counter R0.00
Overseas ATM/POS NA

Statements

Branch R0.00
ATM NA

Administration Fees

Bank cheque/marked cheque NA
Stop payments NA
Stop order NA
Special clearance R71.40

Added Benefits

Interest is calculated on a daily balance and credited to the account on the last day of every month.


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