Matshelo Savings Account
If you find saving by yourself difficult, saving as a group could be the answer! If you belong to a savings or investment club, travellers club, bikers club, grocery club, school fees club, Sunday Soccer club ,music and jazz club, burial society, church or any other type of group savings; Matshelo Savings Account is a solution that can help your group create its wealth together to help you reach your goals.
What does it offer you?
Matshelo Savings Account is a group savings account which enables people to save as a group.
- NO Management fee
- FREE SMS Alerts
- FREE Cheque Book
- Up to 5 group members can be set up to receive SMS and Email Alerts
- Competitive interest rates
- Free Interim Bank Statements
What do I need to apply?
Informal Savings Group Constitution
- Copies of Omang or Passport of Signatories
- Source of Funds
- Proof of address of signatories
- Proof of Address
- Source of Income (Cash flow, Annual Financial Statements, Projected Financials)
- Omang/Passport, Proof of Address of Signatories
Visit your nearest Stanbic Bank Branch.