Meet the bank Capitec

Capitec Bank, founded in 2001 by Michiel Le Roux, is a financial institution in South Africa. Its initial goal was to provide simplified and affordable financial services to lower-income South Africans, often excluded from the traditional banking system due to financial and bureaucratic obstacles.

The bank has excelled in taking an innovative and technological approach to the efficient and affordable provision of basic banking services. Its business model emphasizes simplicity, transparency and competitive rates, attracting a solid customer base over the years.

After its founding, Capitec Bank expanded rapidly, extending its presence throughout the country. It offers a varied range of financial products, including savings accounts, personal loans, credit cards and other traditional banking services.

Fees and commissions

Balance inquiry other bank card machineR0.40
International Mastercard® card machineR3.00
Extract App / WhatsApp / Internet/ *120*3279#Free
Cash withdrawal capitec ATMR9.50 per R1,000
Cash withdrawal ATM from another bankR10.50 per 1,000
Buy at the local Mastercard ® card machineFree
International purchase processing feeR3.00

For more information, visit:

Capitec products reviewed by Midnance:

How to open an account

Switching to Capitec has never been simpler, faster and safer – and you don’t even have to visit an agency to do it.

Requirements to open your account:

  • A smartphone.
  • Your South African identification number.
  • A valid email and a South African mobile number.

To open your account, follow the steps below:

  1. Download the Capitec app from the Google Play Store, Huawei AppGallery or iOS App Store.
  2. Enter your South African identification number.
  3. Take some selfies.
  4. Fill in your personal data.

For more details, visit the official website:

Talk to Capitec:

  • For personal customer information: 0860 10 20 43
  • For banking business questions: 0860 30 92 50
  • WhatsApp: 067 418 9565

Available 24 hours a day, every day.

You can also follow Capitec on social networks:

Capitec’s Twitter
Capitec’s Instagram