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Matshelo savings account

Matselo savings account

This unique product offers group savings for clubs, churches and groups of investors. By saving as a group, you can pool your deposits to rapidly build a large balance, which earns the highest interest rates.

 

 

Some of the benefits

Free statements, SMS alerts

(for up to five members), a free cheque book and no management fee.
What it costs

Free No Management fees

How it works

This unique product offers group savings for clubs, churches and groups of investors. By saving as a group, you can pool your deposits to rapidly build a large balance, which earns the highest interest rates.

What you get
  • Access to secure electronic transfers, pre-paid purchases and payments
  • Dedicated support from the Enterprise Direct team
  • Cross-border and international business support
  • eStatements for easy filing
  • Notifications on transactions via My UpdatesBank
How to get it

Documents required

  • Identity documents of owners and signatories
  • Proof of address not older than 3 months
  • Company registration documents if a registered company

 

To submit your documents online-(dependent on the current on-going digital AO process review).

  • On completing the online application process, you’ll see an email address
  • Click on the email address to generate a reference number* in the subject field.
  • Attach the required documents to this email and send it through to us

*You can use this reference number if you have any queries

 

To submit your documents in-branch

  • Visit your nearest branch with your documents and we’ll process them for you

 

To apply:
•Click on the Apply now and leave your contact details. We will call you back.

Visit your nearest branch – open a modal with e-Form; submit sends info to an email address with Business Banking recipients
APPLY Now ONLINE 

  • What it costs
  • How it works
  • What you get
  • How to get it

Free No Management fees

This unique product offers group savings for clubs, churches and groups of investors. By saving as a group, you can pool your deposits to rapidly build a large balance, which earns the highest interest rates.

  • Access to secure electronic transfers, pre-paid purchases and payments
  • Dedicated support from the Enterprise Direct team
  • Cross-border and international business support
  • eStatements for easy filing
  • Notifications on transactions via My UpdatesBank

Documents required

  • Identity documents of owners and signatories
  • Proof of address not older than 3 months
  • Company registration documents if a registered company

 

To submit your documents online-(dependent on the current on-going digital AO process review).

  • On completing the online application process, you’ll see an email address
  • Click on the email address to generate a reference number* in the subject field.
  • Attach the required documents to this email and send it through to us

*You can use this reference number if you have any queries

 

To submit your documents in-branch

  • Visit your nearest branch with your documents and we’ll process them for you

 

To apply:
•Click on the Apply now and leave your contact details. We will call you back.

Visit your nearest branch – open a modal with e-Form; submit sends info to an email address with Business Banking recipients
APPLY Now ONLINE