your guide to money

I have an ABSA Silver cheque card and I want to know what the "floor limit" is and how it will affect me if I use funds which are not in my account - cost and credit wise? From: Nelson 2010/08/17 I'm getting a South African work visa and I am going to move to SA. I would like to open a bank account in SA and transfer money into it from my foreign bank's account. Is it possible to open a bank account without visiting the bank, via the Internet or fax? From: Nikolay 2010/08/17 If you want to open an account for your child from birth, what is the best account to open? From: Jane 2010/08/17 I am thinking of stopping my ABSA cheque account and moving to Capitec because of lower bank charges and better interest rates. Is there anything I should watch out for? What can ABSA offer me that Capitec can't in terms of day to day banking? From: Mel 2010/07/16 I went to Capitec Bank last week to enquire about opening a bank account and the lady told me bring my ID book and proof of residence. I went back the following day with both the green ID book and proof of residence but still she could not help me. She told me to bring three months’ bank statement which I failed to understand. Is this correct? From: George 2010/07/16 Hi Fern, my wife and I are thinking about having one joined account, are there any negatives to this option and if so, what are they? From: Andrew 2010/07/16 My husband opened a savings account with Nedbank. He was asked a million questions, he had to deposit R50.00 into the account, which was promptly gobbled up by the fee they charged to open the account - are they entitled to do this, without explaining to the client first ? From : Norma 2010/05/24 I do have a bank account with another bank and need to have another account, that I would like to use entirely as a savings option. What is the best? From: Sitzer 2010/05/24 I would like to find out what the cheapest business banking accounts are for a turnover of R7.5m to R25m. From: Mohammed. 2010/05/24 I am a student and have R5000 that I would like to invest, what is the best way to do so? From :Kgopotso 2010/04/12 I am looking to open a savings account that has instant access with a fixed monthly deposit that can be adjusted accordingly. So if I want to start by saving R100 a month so I can later up it to R200 or whatever I can afford. From: Sarah 2010/04/12 Which is the best banks to start a kids account at - do any of the banks have some kind of kid friendly account available? Most seem to make bank charges unbearable and so what limited money is invested seems to disappear! Your recommendation would be appreciated. From: Neil 2010/04/12 Hi. I am 18 years old and have never received a letter to my home address before. Is it possible to open a bank account at Capitec if I dont have a proof of residence? 2010/04/07 When blacklisted, what are the chances of securing a home loan or vehicle finance? 2010/04/07 Can I open a bank account regardless of my credit history? 2010/04/07 Is it possible to close a bank account without going into the bank in person? 2010/04/07 Does the bank charge you for closing a bank account? And does it affect your credit rating? 2010/04/07 What is the highest interest I could receive on R100 000 and what type of investment should it be? 2010/04/07 I have a son at university who has been saving a portion of his allowance for 6 months, he plans to create a nest egg and does not want to withdraw for the next 5 years, What is the best saving mechanism for this? 2010/04/07 Is it possible to open a Capitec Bank personal account online and only go into the branch to pick up your bank card? 2010/04/07

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