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Tol ya so - almost got banned on mybb when I said they are talking kak when they said luno wont ever sell ether. They go where the money is.

20c per eBuck. Let's do this!

So I'm planning to move from FNB to Capitec, anyone here use Capitec? Anything I need to know before I close my FNB account?

I've been using Capitec for close to 5 years now. I love it. Use in conjunction with a Virgin Money credit card (Free). Do all my spending on the credit card, up to 55 days interest free. Let your money sit in the Capitec account until your credit card is due, settle the debt in full, repeat process. This way you get all the interest goodness of a large balance in your Capitec account, and interest free "borrowing" for 55 days.

You Capitec guys. Do you have to verify each and every transaction on your current/cheque account with the app on your smartphone? I'm with ABSA and I've just discovered they won't let me continue with their online banking unless I download their latest app to my smartphone to verify online transactions. I don't want to do that as it's a hassle and makes me more reliant on my phone that ever. So I'm thinking of switching to Capitec where hopefully I won't have to do that.

Ah, cool. Thanks.

interest free "borrowing" for 55 days.

Which credit card in South Africa doesn't do that? It's not a Capitec "feature".

Hamster, I did not claim it to be a feature of Capitec Virgin Money. Simply pointed out that you could, and should, use the interest period to your advantage. Also, some users might not have credit cards and/or know how the interest free period works.

If you draw cash against your credit card then you don't enjoy the benefit of the 55 days interest free period - that was the purpose of the money card. Also remember that if you fail to liquidate the outstanding transaction by the 55th day then interest is charged from date that the transaction was processed. Also the banks have changed their method of processing transaction in that instead of the transaction being the date that the transaction was physically booked to your account, it is now backdated to the actual transaction date - which has reduced the 55 days to 53 days