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

 

 Formal Society

  • Constitution
  • Proof of Address
  • Source of Income (Cash flow, Annual Financial Statements, Projected Financials)
  • Omang/Passport, Proof of Address of Signatories

To apply?

Visit your nearest Stanbic Bank Branch.


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