Can I have two Capitec accounts? It’s a question that a lot of people have been asking. You are here because you wish to find whether or not you can have more than one Capitec account. Capitec is one of the largest retail banking entities in South Africa. The company currently has millions of clients on it’s books. Most of these people only have one account. However, there may be instances where you need to have multiple bank accounts with Capitec. The question is, is that possible?
How many Capitec accounts can I have?
Capitec allows you to have up to 4 Savings accounts. These accounts will each have different account number. However, all of them will be linked to your main account. The additional accounts can be for different purposes. As an example, you can have one for your salary and another for your business.
How to open additional Capitec accounts
That’s the answer to the question, “can I have two Capitec accounts?” Yes, you can have up to 4, all of which are linked within your main account. But how do you open these accounts?
You can do so by visiting your nearest Capitec bank branch. You can also do it through the Capitec app. Opening additional accounts via the app tends to be the simplest option.
Types of Capitec accounts
Now that we have answered the question, can I have more than one Capitec account, it’s time for us to take a look at the types of accounts that the bank has to offer.
Global One
The main Capitec bank account is the Global One account. It’s an all encompassing account offering the following products;
Transaction account
This is the first option under the Global One account. This account is essentially for day to day use, making it one of the most popular types of accounts that are out there. You can use your card under this account to pay bills, make purchases and much more.
Learn how to pay DSTV using the Capitec USSD code
Savings account
The savings account is another offering from Capitec. You can use this account for transactions, but also for putting aside something for a rainy day. Note that you can have up to 4 savings accounts that are linked to your main account. The types of accounts that you can have are;
- Transaction savings
- Fixed term savings
- Flexible savings
- Tax-free savings
Insurance account
You can also take out various insurance products with Capitec. Products on offer include funeral plans and credit insurance.
Credit accounts
Capitec also offers a number of credit plans. You can take out a home loan, as an example. The bank also offers credit cards and term loans.
Summary
In this article, we focused on the question, “can I have two Capitec accounts.” We noted that yes, you can have multiple Capitec accounts. As an example, you can have up to 4 Savings accounts that are linked to your main account. These accounts are designed to allow you to quickly and easily manage your money.
You may also be interested in how to pay DSTV using your Capitec account.