Great News for capitec bank customers


 Great news for capitec bank users



You can now create a business account with capitec bank. You don't even need to go to a branch, You can do it all through the app. Here are the steps



Log into your capitec app, go to explore, then go to entrepreneur business account, you'll be able to open your own personal business account which will be separate from your personal account.


With zero monthly fees, at this point, It's only available for South African ID holders only. You don't need CIPC to open this account. 


It must be clear that these capitec business account are two different types. There's a formal business account and informal entrepreneur account. The informal entrepreneur account is free cost monthly while the formal is R50. The formal needs minimum of R150 to remain active while the informal needs only R30. 


The CIPC documents will be required for formal business account. 


To open the formal business account, you must update your app to the latest version. Open app and swipe left on home screen, you'll see for my business at the top. 




If having trouble with opening it online, you may visit your nearest branch for assistance.

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