CAPE TOWN – With bank competition heating up in South Africa a lot of emphasis is being placed on fees and service offerings and the move towards a digital-first consumer strategy.
For many South Africans however cash is still king. A 2017 study by Mastercard showed that cash transactions in fact account for more than half of the total value of all consumer transactions in the country.
As we approach the festive season, African Bank provides consumers with six practical steps showing how you can save a little money and get the most value out of your bank when accessing cash.
Neil Thompson, head of product at African Bank says when money is tight it is worth knowing where the cheapest place to withdraw cash is and avoid some common pitfalls.
Five money-saving tips: