The Post Bank Bakgotsi Savings Account is designed for groups who have a constitution or…
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:
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 This makes the Bakgotsi account safe, especially when money is withdrawn from the account.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,
|Monthly Fee (R)||0.00|
|Minimum Opening Balance||50.00|
|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%|
|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|
|Own Bank ATM||NA|
|Other Bank ATM||NA|
|Internal Debit Orders||NA|
|External Debit Orders||NA|
|At Other Bank ATM||NA|
|Bank cheque/marked cheque||NA|
Interest is calculated on a daily balance and credited to the account on the last day of every month.