An Introduction to Internet Banking in South Africa

Benefits of Internet Banking Services

Internet banking services provide a safe environment with hardly any of the frustrations associated with visiting a physical bank, giving you the control to bank when it suits you best, no matter where in the country you may be. Internet banking means that there is no need to stress out about getting to a branch during working hours or standing in queues for ages, waiting to complete one simple bank transaction.

Internet banking in South Africa has greatly reduced paperwork, saving time and money. Instead of waiting for statements to arrive by post, you can access your transaction records at any time you wish. The ability to also print a copy of your bank statements can be used as proof of payment to a creditor. The ability to monitor your personal finance activities 24 hours a day also enables discrepancies to be picked up and dealt with swiftly. Internet banking services allow you to manage multiple accounts from one easy location and perform an array of banking activities from one convenient and secure portal.

Internet Banking Services

When you register for Internet banking, you will have access to a range of services and facilities:

• Request statements - you will be able to access statements whenever you like, as well as choose the date range that you want to reflect back on.
• Interaccount transfers – with a few simple clicks, you can transfer money between accounts, saving you the time and hassle of visiting your branch.
• Pay bills – this Internet banking service has given you the freedom and convenience of paying electricity or water bills online.
• Pay school fees – with Internet banking you are able to pay school or tuition fees with ease.
• Apply for an overdraft facility ­- this also saves the time and hassle of visiting your branch.