Capitec is a South African retail bank that was founded in 2001.
Since its inception, the bank has grown rapidly and has become one of the largest banks in South Africa, with over 16 million clients as of 2021.
Capitec is known for its innovative approach to banking, which has helped it to disrupt the traditional banking industry in South Africa.
The bank offers a range of products and services, including savings accounts, personal loans, credit cards and insurance.
One of the key features of Capitec’s banking model is its focus on simplicity and transparency.
The bank has a low-fee structure, which makes it accessible to a wide range of customers, including those who may have been excluded from traditional banking services in the past.
Capitec has also invested heavily in technology, which has enabled it to offer a range of digital banking services to its customers.
This includes a mobile banking app, which allows customers to manage their accounts, make payments, and access a range of other services from their smartphones.
Overall, Capitec has become a popular choice for many South Africans who are looking for a simple, affordable and convenient banking experience.
Its innovative approach to banking has helped to drive competition in the industry and has made banking more accessible to a wider range of customers.
How to reverse money on Capitec
Undoubtedly, honest mistakes such as mixing up numbers or punching in the wrong details, happen to the best of us.
Capitec customers will be happy to know that there are chances that their money can be reversed in instances such as these.
This is also crucial if you suspect that your account was illegally accessed.
Follow the steps below to start your money reversal process;
- Open your Capitec Mobile Banking App
- From the options listed, select transact
- After that, click on Debit Orders
- Enter your remote pin
- Select the transaction whose money you want to reverse from your transaction history
- Provide a reason for reversing your money
- Accept the terms and conditions, then click submit