First National Bank’s new First Business Zero Account, with no monthly fees, has made competitors sit up and take notice.
First National Bank and Capitec have tied for the title of South Africa’s best digital bank in research agency Columinate | Insight Consulting’s latest SITEisfaction survey.
The country’s big four traditional banks – Absa, FNB, Nedbank and Standard Bank – have together shut 695 branches since their respective peaks in the earlier part of this decade.
From free burgers and ride-hailing services to hip-hop concerts and discounted petrol: South African banks are going all out to win customers as competition hots up.
First National Bank is taking the fight for entry-level banking consumers to Capitec, with the launch of its new zero-monthly-fee transactional bank account aimed at the unbanked and underbanked. eWallet eXtra, due
BrandsEye, a company that mines social media to determine people’s view on topics from elections to companies, has found that Capitec is South Africa’s most loved bank among social media users. The annual