🏦 Banks

What is the Corporation for Deposit Insurance and what does it protect?

CODI, live since April 2024, protects your money in a bank, mutual bank or co-operative bank if it fails — up to R100,000 per depositor, per bank. How it works, and how much is covered.

Commercial bank, mutual bank or credit union: which should you choose?

Commercial banks have the widest product range and branch network, mutual banks focus on mortgages and savings, and credit unions are member-owned. How to weigh the pros and cons.

How to choose your first bank account in South Africa

Your everyday account is the hub of your money. How to compare fees, the debit card or debit card, the app, minimum balances and online banking — and avoid the costs that slip past.

What is a credit report and a credit score in South Africa?

When you apply for a loan, credit card or hire purchase, a credit check is done. How the credit bureaus work under the National Credit Act, what stays on your file, and how to check your own report for free.