FinanceX

Capitec bank fees: Capitec Bank recently released a newsletter that detailed the transaction habits of South Africans. The research compiled informal data to deduce the main methods of transactions that are used by an average South African and found that 45% of the time debit cards were used for purchases, while 35% of the time, individuals used their ATM cards to withdraw money. The remaining 20% of the time debit orders were used.

The reason behind conducting this study was to analyze how much a South African pays in banking fee every month. The results were astonishing as the study concluded that an average monthly fee payout was about R208. This was in stark contrast to the fee applied by Capitec for the same habits as the figure stood at R61; 70% lower than that of what other banks charge.

Typically, bank fee are often published in a very confusing way to mislead consumers into making decisions they otherwise would not. However, with Capitec, all fees are clearly published and as a perk they are much lower when compared to other banks.

FRB stands for FirstRand Bank. It is a subsidiary of South Africa’s renowned bank FNB that was inaugurated in Mumbai, India a short while ago to extend its superior service across another continent.

FRB’s corporate headquarter commented on the move and elaborated that the expansion to India comes after careful consideration and the primary motive was to expand into India’s vast retail network which at the moment does not boast of very advanced financial products.

FNB is known for its innovative and superior consumer products which it aims to sell in India as well. Commercial operations are also a focus, and in particular, the objective is to capitalize on the international fund flows between India and South Africa, as South Africa has also played host to many Indians over the years.

The minds behind this move also believe that both countries have unique strengths which are complementary and can create synergies and economic opportunities in the long run. FNB and FRB wish to be at the forefront of this entrepreneurial spirit by facilitating the youth and granting them easy financial leverage.

FNB’s Hot iPad Deals: FNB is facilitating its customers and helping them to acquire the latest gadgets at the best rates possible. Not only does FNB offer credit of up to 2 years on the iPad and other devices’ contract, the price is also significantly lower than that of the market.

The iPad available under this package is the 2^nd generation iPad, with 16GB space and 3G Wifi. The total price of the latest Apple product amounts to R4800 at the end of the period which is exactly R899 less than the market price.

This offer is available to Gold and Platinum members of FNB and it is very simple to order the iPad considering the bundled benefits of this package. Those who have registered online accounts can apply using that medium and for those who have their own Current Accounts can just SMS or call the bank to avail the offer.

As a sweetener to the deal, customers can also have their tablets delivered to their doorstep at a nominal cost of R150. Anyone who is above the age of 18 can apply for an account at this bank and order their own iPad at a cost that is less than the prevailing rates.

Just SMS the word “Tablet” to 32812 to get one.

fnb ipad

The dynamic world of the twenty-first century allows for little security in terms of finances. The rising inflation rate and the impulsive swirl of world economic crisis have created considerable problems for people who do not plan beforehand.

Imagine what your family will have to go through if you didn’t make it home tomorrow evening? What will happen to your child’s education and his future? What about the hardships your wife will have to face without financial protection? Will your family still be able to keep the house and the car, and pay for the expenses?

Life insurance is a sign of love for your family and a gesture of care. It is more than the availability of money to your relatives in case of your death; it is an umbrella that ensures safety to your loved ones as your final act of affection. ABSA Bank’s insurance scheme is a wise investment choice as it provides a number of comprehensive coverage plans and packages to suit your needs.

Investec Bank Limited (“IBL”) originated as a small finance company in Johannesburg. 1990: Investec acquisitions included property management company I. Kuper & Company Pty) Limited, Corporate Merchant Bank Limited formerly Hill Samuel Merchant Bank Limited) and trade finance company Reichmans Limited. 1991: Investec forged a strategic alliance with life assurance company Fedsure Holdings Limited, through the creation of significant cross shareholdings. This alliance resulted in an increase in the capital and extension of the range of financial products and services of both groups. 2000: Investec bought the professional banking advances book of Mercantile Bank Limited in South Africa.

Investec provides a diverse range of financial products and services to a niche client base in three principal markets, the United Kingdom, South Africa and Australia, as well as certain other geographies. Investec is organised as a network comprising six business divisions: Asset Management; Wealth and Investment; Property Activities; Private Banking; Investment Banking; Capital Markets. Investec’s strategic goals are motivated by the desire to develop an efficient and integrated business on an international scale through the active pursuit of clearly established core competencies in the group’s principal business areas.

The Bank of Taiwan (BOT) was established on May 20, 1946 as the first government-owned bank following the island’s restoration to the Republic of China in 1945. During much of its operating history, it has been under the administration of the Taiwan Provincial Government. Following the phase out of the Taiwan Provincial Government on Dec. 21, 1998, the Bank was subsequently taken over by the central government of the Republic of China and placed under the administration of the Ministry of Finance, in accordance with the regulations on government-owned financial institutions. BOT has been judicial person under Banking Law since 1985.

The Bank of Taiwan is a bank headquartered in Taiwan, China. The bank has opened branches in South Africa, Shanghai, Los Angeles, Hong Kong, New York, Tokyo , London and Singapore. South Africa Branch was established on the 2rd of April 1992, in Johannesburg, with a full banking licence and a global correspondent banking network. Therefore it is able to provide a diversified and comprehensive service to all its clients whether corporate or individuals. The bank provides services such as – Trade Financing: Exports, Imports, Pre-shipment financing, Post-shipment financing, Short and medium term financing, Overseas remittances, Foreign exchange; Deposits: Call accounts, 32 days notice deposits, 3,6,9 and 12 months fixed deposits, Local remittances; International Banking Transactions: Money market, Foreign exchange transactions, Gilts investment; Loans: Working capital financing, Consumer loans, Capital goods financing, Letters of guarantees.

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