African Bank
The banking institution is as old as one can remember. It has often been said that necessity is the mother of invention, and that’s exactly the case with banking. Millennia ago, the banking idea struck someone who implemented it.
In the intervening years, the idea has been refined, with banking institutions sprouting and bringing new ideas into the original idea. The result has been a massive leap for the world of banking as we know it.
Around the world, there are several banking institutions providing services to clients, both institutional and individual. How clients adopt a particular institution is a matter of preference, which might change over time.
South Africa has a vibrant banking sector with several institutions providing banking services to clients. One such institution is the African Bank, which markets itself as the “South African bank for customers.”
This article focuses on that bank and several of its services, from loan applications to log in, apps, credit cards, careers, and contact details.
All records point to the bank doing pretty well at the time of writing. For instance, its financial report for September indicated its profits after tax leaped by 38% to R736 million, from R534 million previously.
Below are some important details you might want to know about African Bank.
Loans & Application
Loans are among the services provided by banks. In fact, it is nearly impossible to find a band that does not provide loan services to clients. However, a common complaint among clients, especially among ordinary folks, is that loans are rarely given to ordinary folks but to institutions and wealthy individuals.
African Bank prides itself on the accessibility of its loan facilities. The bank provides several loan facilities, including:
- Personal Loan: This loan is for individuals, and they can borrow between R2,000 and R350,000 under the loan scheme with fixed payments of between 7 months and 72 months.
- Consolidation Loan: This loan allows debtors to consolidate their debts and make it easy to manage from one spot. Several lenders, one borrower, and one easy facility to manage the debt. This.
- 12% Loan: The bank advertises this as a low-interest loan in which clients can access funds of up to R50,000 and repay between 18 and 24 months.
Login
Login is like a key, a gateway to possibilities, which is why it is strongly advised to keep your login details safe. Banks provide login gateways for clients to access their accounts and execute transactions of several kinds, as well as monitor the account generally.
African Bank provides a login gateway for clients. According to its official website, the login is https://ib.africanbank.co.za/SignIn.aspx.
On that page, clients can input their username, PIN, and password to access their accounts. And in the event they can no longer remember those details, they can still recover them on the same page by clicking the “Reset” button. The page looks like this.
Apps
Apps are one of the biggest inventions of the digital space, as they make a lot of things accessible to clients on the go. African Bank has a flourishing app universe, with an app each for the two most used mobile operating systems: Android and iOS.
The minimum requirements are Android 4.4 KITKAT and IOS version 9.3. After downloading the app, you’ll need to register to access your account, assuming you’re not already registered.
Credit Cards
Credit cards make for seamless transactions online as they bear a user’s financial data and enable them to purchase things online without hassles. African Bank provides credit card facilities.
African Bank has what it calls the Black Credit Card – so named because the card is black. To apply for the card one would need the most recent proof of income, must be over 18 years old, and must provide an account statement reflecting three months salary deposit.
Branch Codes
Banks have branch codes to take care of accessibility issues. The African Bank’s universal branch code is 430000.
The bank has not listed its branch codes on its official website. However, there is an option for clients to locate a branch by simply searching their website.
The Bank’s BIC Code (SWIFT) is AFRCZAJJ.
Careers
If you’re interested in working at African Bank, you’re not alone. In fact, it is the dream of many to work there. However, the bank has not made it easy for those who might want to work there and are looking for details on their website.
There is no active button or link to careers at African Bank. So those who are keen to work there might have to cold call HR or show up at the HR desk and make inquire.
Contact Details
African Bank has made things easy for those who want to reach them.
For complaints and compliments, the bank might be reached at the phone number: 0861 111 011.
Details about their ethics and fraud hotline are as follows:
- Phone: 0800 633 633
- Fax: 0864 944 107
- Email: https://www.africanbank.co.za/en/home/talk-to-us/
