Are you looking for a versatile banking solution that combines everyday convenience with smart saving options? The Old Mutual Money Account in South Africa offers just that. This innovative account provides two distinct features in one package: the SWIPE Account for daily transactions and the SAVE Account to grow your savings. Let’s dive into the benefits and features of the Old Mutual Money Account and how it can help you manage your finances more effectively.
What is the Old Mutual Money Account?
The Old Mutual Money Account is designed to serve as both a transactional account and a savings tool. It offers two accounts in one:
- SWIPE Account: This is your go-to for everyday banking needs. Use it to swipe your card in-store, pay for online purchases, or QuickPay other Money Account customers. It’s perfect for managing your daily expenses with ease.
- SAVE Account: This account is where your money works for you. Instead of earning a flat interest rate, the SAVE Account is linked to the Old Mutual Money Market Fund, offering potentially higher returns.
Key Features of the SWIPE Account
- Send Money: Easily transfer funds to anyone, anywhere, anytime with a South African mobile number.
- Pay Bills: Conveniently pay for services like DSTV without leaving your home.
- Buy Prepaid Services: Purchase airtime, data, and electricity directly from the app.
- Salary Deposits: Switch your salary to your Money Account to ensure your pay is deposited every month.
- Online Switching: Move your salary and debit orders to your Money Account effortlessly using your smartphone or computer.
How to Fund Your Money Account
There are multiple ways to deposit money into your Money Account, ensuring flexibility and convenience:
- Salary Deposits: Directly deposit your salary into your account.
- Card or Cash Deposits: Available at selected retailer stores.
- In-App Payments: Use a bank card to make payments within the app.
- In-Branch Deposits: Deposit cash or card payments at any Old Mutual branch.
- Transfers: Transfer funds from another account.
Why Choose the Old Mutual Money Account?
- Competitive Fees: Enjoy low transaction fees that make managing your money affordable.
- User-Friendly App: The Old Mutual Banking App is intuitive and easy to use, making banking on the go a breeze.
- Enhanced Savings: The SAVE Account’s link to the Money Market Fund means your savings have the potential to grow more than with a traditional savings account.
Conclusion
The Old Mutual Money Account is a robust financial product that combines daily banking with an easy way to save. Whether you’re looking to manage your everyday expenses or grow your savings, this account offers the flexibility and features you need. Sign up today and take control of your financial future.