Capitec business accounts, flower caution for pet cats and home checks: Consumer watch-outs of the week

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In this weekly segment of bite-sized chunks of useful information, consumer journalist Wendy Knowler summarises news you can use.

No, it was the not the bank’s insurance division’s responsibility to have the roof inspected before covering the property.

To avoid this costly scenario, prospective homeowners should not commit to buy a property without first paying a professional property assessment company to do a full technical assessment of the condition of the property.It used to be the case that if a “company” advertising goods or services provided a Capitec account for payment, that was a red flag for fraud because the bank did not have business accounts.

“The way to differentiate between a personal savings account and a business bank account when making a payment is the branch codes,” Capitec told me. “The Capitec savings account branch code is 470010 and the Capitec business branch code is 450105.

 

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