August 10, 2022: Capitec Bank Experienced Outage on Its App

Capitec Bank’s digital service, including its mobile app, experienced an outage from last Thursday morning to last Saturday morning. Now the service has been restored. According to Capitec, an internal infrastructure issue affected the central servers of the system and led to the outage. Capitec Bank will continue to upgrade and test its system to make sure it won’t happen again.

August 3, 2022: Use Samsung Pay with Capitec Bank

Samsung South Africa announced the launch of Capitec on Samsung Pay platform last month. Capitec Bank customers now are able to pay in a safe, secure, and more convenient way. Besides, Samsung Pay will support a wide range of devices so users don’t need to worry too much about whether they can use this function or not. There is no doubt that Capitec Bank customers can enjoy the better service with Samsung Pay.

March 1, 2022: New banking fees

Capitec Bank has announced its updated banking fee schedule for the 2022/23 financial year. The bank has increased the cash withdrawal fees and the monthly admin fee of its Global One account from March 1st. The Global One Account’s monthly fee has increased from R5.00 to R6.50 per month, while the cash withdrawal fees have increased to R8.00 per R1,000 at Capitec ATMs and R10.00 per R1,000 at other bank ATMs.

July 27, 2021: Cashless payment comes with a scan

Capitec will develop a peer-to-peer QR codes function as early as the beginning of next year, said Capitec chief executive Gerrie Fourie during a PSG webinar on July 27. People can directly pay or receive money via QR codes in the app without using cards or cash, marking a giant step to a cashless society.

Key Features

FREE for Purchase at the local card machine

FREE for Purchase at international Mastercard machine

FREE for Purchase online/telephone/mail (card)

Send cash to friends and family in one touch

Make immediate payments to other banks in South Africa

Make payment to DStv, SARS eFiling or TV Licence instantly

Buy prepaid electricity, airtime, data and SMS bundles

Fee

Credit card – one monthly administration fee 40.00

Debit card – one monthly administration fee 5.00

Minimum account balance 25.00

Transaction

Use fingerprint or facial recognition to sign in and confirm payments

Categorize your payments

Manage contactless card transactions by turning Tap to Pay on and off

Freeze lost or stolen cards immediately

Manage your debit orders and DebiCheck mandates

Email electronically stamped statements

Transfer cash to friends and family in one touch

Change your card withdrawal and purchase limits

Pay people and accounts

Make immediate payments to other banks in SA

Pay Capitec clients using only their verified cellphone numbers

Buy prepaid electricity, airtime, data and SMS bundles

Pay DStv, SARS eFiling or TV License immediately