Closing times are a thing of the past

Gone are the days of rushing to the bank after work just to make a deposit, or braving those early morning pay-day queues just to do a transfer.

An online bank account is like carrying a bricks-and-mortar bank branch in your pocket. That means you can access your money no matter where you are, and closing times simply do not exist. You bank when it suits your lifestyle, and with all your services and information in one convenient spot, you are in the best position to make the right financial decisions.

Your money does all the heavy lifting

With just a few button clicks, you can open a day-to-day transactional account or an investment account. Choose an account that best suits your financial goals and offers high interest rates, and then sit back and watch your financial muscle take shape. Just like compound exercises accelerate your muscle growth and fitness, compound interest will take your wealth creation to the next level.

African Bank’s Fixed Deposit investment account, for instance, offer you a competitive 10.50% interest, which expands to 12.95% at the expiry of your investment term. And, unlike staring at your gains in the mirror, you can actually see the end results ahead of time with their investment calculator. Try it out for yourself here.

It’s safer

Carrying around large amounts of money with you just isn’t safe anymore. And it’s no longer necessary either. With an online bank account, you can effortlessly make payments, transfer money between accounts, and shop, without ever having to touch physical money. You can even load your debit and credit cards onto your phone, or smartwatch, to make payments.

Just because it’s safer, however, doesn’t mean that you should be careless. Sticking to a few basic rules will help you to keep your money and your personal information safe from cyber criminals. Check out our useful guide here.

It’s cheaper

Opening an account online will save you time and money. There’s none of the tedious paperwork, or exorbitant fees for doing everyday banking transactions. One of the benefits of banking online is that you can also easily compare banks in terms of fees. Choosing a bank that doesn’t charge you for every transaction allows you to save money that you can use for other things.

An account like MyWORLD allows you to open up to six bank accounts for free, with no monthly charges and low banking fees. Best of all, the African Bank App and website is free-to-use with zero data costs, meaning it won’t cost you anything to make the most of your money.

It’s easier to stay on track

Having all your banking functions in one convenient place makes it easier to stick to your financial goals. Online banking allows you to easily track your spending, your savings growth and your investments. And, if your bank allows you to open multiple accounts like you could with MyWORLD, you can create a digital budget, with accounts allocated to the financial goals that will take you places. You can automate payments into these accounts, just like you would debit orders, reducing your administrative load even further. And, most importantly, you can adapt your financial strategy to suit your lifestyle and circumstances.

Which makes sense, doesn’t it? Your banking is an intimate part of your life. You should have the freedom to carry it out the way you want to.

It's rewarding

Banking online comes with added benefits too. Like rewards. These are points for everyday banking activities that you can use to top up your shopping trolley, buy essentials like airtime or electricity, or treat yourself with merchandise and gift vouchers. African Bank recently launched a loyalty programme called Audacious Rewards, which not only gives you points for banking, but rewards you for making sound financial decisions such as checking and improving your credit score, or using your Savings Pockets. Check out what you could get just for staying financially fit here.

No pain. All gain

It’s safer, cheaper, easier – and you can access it 24/7 on your phone, laptop or tablet. You can even do your banking through WhatsApp. And that leaves more time for you to work on your goals and get financially fit.

Can you really afford not to bank online anymore? It’s time to work smarter, while your money works harder. Download the African Bank App today at your app store, or visit www.africanbank.co.za to start your financial fitness journey.