African Bank
- No monthly charges
- Savings options
- Financial planning
Table of Contents
[Accessed January 31, 2023]
African Bank - Bank better with them
African Bank can offer you affordable banking with more value than you expect.
On August the 10th 2014, African Bank Limited was placed in curatorship and the new African Bank Limited went through an extensive reshuffle exercise. African Bank Limited and African Insurance Group Limited formed part of a new group.
A new holding company African Bank Holdings Limited was formed and launched on the 4th of April 2016.
The African Bank brand purposes
African Bank’s brand purpose is “humanity through banking”. They make every effort to live by this daily whether you’re opening a bank account or applying for your first home loan.
Their passionate team of staff members represents the diverse population of South Africa. You can access an extensive range of products and banking services that is tailored to your financial needs.
If you need any advice on banking and your finances, they will be more than happy to assist you.
African Bank’s mission
Its mission is to be a promising retail bank.
African Bank is profit conscious
They continuously look for ways to improve their banking, to make sure that you have a seamless and stress-free experience. African Bank is efficient and cost-effective when it comes to the benefit of its customers and business.
Humanity through banking
They aim to provide value and take customer satisfaction to another level.
Effortless and free banking service
African Bank will offer you cell phone and mobile services, and the fantastic part is it is free! They are committed to giving you the best banking service. It's easy and convenient and you get to interact with them.
You can be at ease that information will be kept confidential while you are making use of their online service.
What an overdraft is used for
First, you will need a MyWORD account to get an overdraft. Only after you have been approved, you will be able to make use of it.
It is an agreement made with the bank that will allow you to withdraw more money than what they have in their account with a limit attached. These funds can be used in times of need, and you will also be able to make online purchases with your MyWORD bank account.
My pocket
As a Power Pocket user, you will be able to add a person to your savings pocket account. They will be known as pocket users.
They will be able to do the following with their personalised account:
- Use their personalised card to do day-to-day transactions.
- Deposit Money and do transfers.
- Do withdrawals and make payments.
African Bank – Banking product
- Loan Type Banking
Benefits of African Bank
- Lower interest rates
- Easy loan process
- Reliable banking services
African Bank - They serve the community
With the innovative technology, they have access to in today's life the application can easily be done without having to leave your home.
It is paperless and so much more convenient than having to go all the way to the bank, and it will save you a lot of time and money.
Do your banking via WhatsApp
You will be able to do banking via WhatsApp. Add the African Bank number and once it is saved send a ‘Hi’ message and follow the steps to get started. Keep in mind that you first need to be registered online before you can make use of WhatsApp banking.
Follow these easy steps to apply for a bank account at African Bank:
Step one:
Fill in an online loan application form on the African Bank website with your details and attach the documents needed: a copy of your ID, and proof of residence.
Step two:
Your information will be processed, and the bank card will be issued once your application is processed.
The perfect banking partners
African Bank’s services are available 24/7 to connect online whenever or wherever you are. You can even apply for credit via an application. Apply today and start to get your finances in order.
African Bank benefits
- Lower interest rates.
- Reliable and flexible.
- Your personal information will be kept secure.
- Online banking service.
- WhatsApp Banking
- Overdraft to use in times of need.
African Bank is a trusted & reliable provider of banking
In our review, African Bank adheres to the compliance criteria in accordance with the National Credit Act, where the granting the loan will not cause financial distress to the consumer.
✅ African Bank is a registered credit provider in South Africa: NCRCP5
Customer Reviews & Testimonials
African Bank Contact
Physical Address
- 126 De La Rey Rd, Shop 126, Parow Centre Cnr De La Rey & Voortrekker Rd Parow Cape Town 7500 South Africa
- Get Directions
Postal Address
- Private Bag x170, Midrand, 1685, South Africa
Opening Hours
- Monday 08:30 – 17:00
- Tuesday 08:30 – 17:00
- Wednesday 08:30 – 17:00
- Thursday 08:30 – 17:00
- Friday 08:30 – 17:00
- Saturday 08:00 – 12:00
- Sunday – Closed