AFRICAN BANK SILVER VISA CREDIT CARD
SILVER CREDIT CARD Account fees Monthly service fee
R57.00
Initiation fee
R110.00
Card replacement fee
R88.00 R5.50
Account management fees SMS messaging service Statement reprint per page
R2.25 p/m FREE
Payment fees Debit order fee - Monthly earners (per attempt)
R11.40
Debit order fee - Fortnightly earners (per attempt)
R11.40
Debit order fee - Weekly earners (per attempt)
R5.70
Deposit fee (Plus 1.1% of transaction value)
R3.70
All POS purchase transactions in South Africa are FREE ATM fees
Benefits of the Silver Visa Credit Card • Maximum cash withdrawal of R4 000 per day. • Emergency services. • Medical and legal referral. • Up to 60 days interest-free credit on POS purchases, if you settle your outstanding balance in full by the due date. • Your card is issued immediately at any African Bank branch. • No need to carry cash. Swipe, then enter your PIN to complete the transaction. • International acceptance by millions of merchants, wherever you see the VISA logo. • Superior buying benefits: - Purchase protection guarantee - Extended warranty
Balance enquiry
R3.00
Credit Life Insurance*
ATM cash withdrawals above than R100 (Plus 1.2% of transaction value)
R7.00
For peace of mind for life’s unexpected insurable events, we offer you Credit Life Insurance. You will be covered for the following events:
ATM cash withdrawals less than or equal to R100
R5.00
Denied transaction fee
R3.00
International fees POS Purchase transactions
R3.50
ATM balance enquiry
R5.70
ATM cash withdrawal (Plus 1.10% of transaction value)
R20.00
Interest rates Credit interest rate
2% p.a
Debit interest rate: As per your agreement
• • • • • •
Death Permanent Disability Temporary Disability Retrenchment Short Time Compulsory Unpaid Leave / Temporary Lay-off
What services do you have access to? • Pay your accounts • Access account information and services - Request / view balances - Request / view statements - Apply for a limit increase - Stop your lost / stolen credit card • Log an insurance claim • Learn about and apply for products
How do I access Virtual Branch? Visit the African Bank website at www.africanbank.co.za or dial 120 225#
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African Bank Cellphone Services 0) Apply 1) My Accounts 2) Unable to pay 3) Payment arrangement 4) Log an insurance claim 5) Request a call back 6) My Profile 9) Exit
How do I register? A consultant will assist you to register in branch. Alternatively, visit www.africanbank.co.za, click on ‘register’ and follow the instructions to complete registration. Standard network rates and data charges apply - these charges are determined by your network service provider.
Limit Increase If you have your card for more than 4 months you could qualify for a limit increase. A new Credit Card assessment will be done. Ask your consultant about it today. Apply via Cellphone Services or call 0860 333 004.
Safety Tip!
Credit Life Insurance* Flat fee for monthly earners
R11.00 p/m
• Never give your Card, PIN or CVV number** to anybody, including African Bank employees.
Flat fee for weekly and fortnightly earners
R20.00 p/m
• Always keep your PIN a secret.
Ad Valorem
Enjoy access to African Bank’s online and mobile services, which enable you to manage your accounts from your computer, cellphone or any compatible mobile device.
14% p.a
Notes All fees include 14% VAT. All fees and interest rates are variable and can be adjusted by African Bank with written notice to the cardholder, in accordance with the National Credit Act (2005).
• Always ensure that you receive your card back after every transaction and keep it in a safe place. • To report a lost or stolen card or any other queries call 0861 000 555 *Insurance terms and conditions are available on www.africanbank.co.za or in-branch. **The last 3 digits of the number printed on the signature panel at the back of your card. ***Pricing correct at time of print. To view latest pricing, please visit www.africanbank.co.za
T Winterboer was appointed as Curator of African Bank Limited (the “Bank”) on 10 August 2014 by the Minister of Finance of the Republic of South Africa and pursuant to the Banks Act No. 94 of 1990 (as amended) to manage the affairs of the Bank subject to the supervision of the Registrar. Insurance is underwritten by The Standard General Insurance Company Ltd. Reg No: 1948/029011/06. Terms, conditions and affordability rules apply. African Bank is an authorised financial services and registered credit provider. Reg No 1975/002526/06. NCR Reg No. NCRCP5.
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Funds transfer fee
Now that you have stepped into the world of opportunities, an African Bank Silver Visa Credit Card can help you move one step ahead. African Bank Silver Credit Card puts the power into your pocket, giving you the safest and most convenient way to purchase or pay.
VIRTUAL BRANCH