Salary Transfers

Our user-friendly employer salary transfer facility is a web-based service that allows you to make the most cost-effective weekly or monthly salary transfers while keeping your existing banking arrangements.

Aside from the salary transfer fees, there are no other costs involved. No monthly subscription, special software, call-out fees or hidden costs.

“Make the most cost-effective salary transfers any time or place.”

Employer Salary Transfer Facility Benefits

Low transaction fees
No monthly subscription, call-out fees or hidden costs
Keep your existing banking arrangements
Secure and easy to use
Free onsite training
No special software required
Web-based for convenience
Earn 4.25% interest per year on account balances

Effortless Salary Transfers with Capitec Bank

Easy to Use

We’ll open a Capitec Bank account for you so you can deposit money for your salary transfers. You can sign in any time or place and transfer salaries to your employees when it suits you. You’ll earn 4.25% interest per year on account balances and free onsite training is provided.

Secure Payments

To help keep your account and money secure and prevent unauthorised payments, you’ll need to enter your unique username, password and security token password every time you sign in. Security token passwords are also needed when making salary transfers.

Security token passwords are generated by your security token, and are more secure than those sent by SMS because they cannot be intercepted. Always keep your security token in a safe place.

Low Transaction Fees

You save money with every transfer due to our low transaction fees, which in turn reduces your monthly overheads.

At just 80c per transfer to employees banking with us, this salary transfer facility is unbeatable. For employees banking elsewhere, transfers cost just R2.75 per transaction, which is highly competitive.

Savings

300 Employees

Capitec Bank

Other Banks (Best)

Other Banks (Worst)

Savings

Monthly subscription	FREE	185	–	185
Transaction fee	240	1 650	4 200	1 410
Monthly saving				1 595

300 employees paid monthly = save R19 140 per year
300 employees paid weekly = save R75 540 per year

Employer Salary Transfer Facility Rates and Fees

Know what you get

Know what you pay

Access

Activation/Monthly subscription	FREE
Security token on keyring	50.00
Replace security token on keyring	50.00

Salary Transfers

Capitec Bank account	0.80
Other bank account	2.75

Interest Rate

Interest per year

4.25%

Please fill in this online form if you would like to schedule a salary transfer facility presentation at your workplace. We also offer a free financial life skills programme for employee groups to empower them to make informed financial decisions. Contact us if it's something you're interested in.

It's Your Business

Salary Transfer Registration

Please complete this online form if you would like to schedule a salary transfer facility presentation at your premises. We also offer personal banking presentations for employees upon request, so be sure to enquire about that if it's something you're interested in.