Shoprite's Money Market account is now fully fledged – how it fares against some low-cost peers | Businessinsider

  • 📰 BISouthAfrica
  • ⏱ Reading Time:
  • 46 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 22%
  • Publisher: 51%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

Shoprite's Money Market account is now fully fledged – how it fares against some low-cost peers

For more stories go toRetailer Shoprite's Money Market service has just been developed into a fully-fledged transactional bank account.

The service, which has garnered nearly two million customers since its launch, will now offer users essential transactional banking services and save on high fees, such as ATM fees. Customers can withdraw or deposit cash at Shoprite, Checkers, and USave stores. It also allows customers to run additional services such as sending money, purchasing airtime, data, and electricity, and sending grocery vouchers from a phone.

The account limits in-store cash deposits to R5,000 and R10,000 for EFT deposits per day. Cash transfers are also limited to R5,000 to other Money Market Account customers and R4,999 to non-customers.This is what Shoprite's Money Market account offersShoprite's Money Market account has become the latest entrant in the low-cost banking space and will compete with several digital banks available in the market and cheap alternatives offered by traditional banks.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

BISouthAfrica I have always hated Bitcoin and thought it was a scam until a friend referred me to Allison_Grillo, I made my first withdrawal of R100,000 in 2 weeks thanks to Allison_Grillo.

BISouthAfrica Being the head of the home isn't easy, you are expected to provide for the home, I lost my job during the pandemic and relied on the little money I had,things were hard until I met JamesAlderson0 and started Bitcoin trading, I earned R800,000 in 3 weeks thanks JamesAlderson0

Being the head of the home isn't easy, you are expected to provide for the home, I lost my job during the pandemic and relied on the little money I had,things were hard until I met JamesAlderson0 and started Bitcoin trading, I earned R800,000 in 3 weeks thanks JamesAlderson0

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 34. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Old Mutual launches SME-dedicated business unit servicing SA SMEsTo address the needs of growing small and medium businesses, Old Mutual has today launched a new business offering to service the SME business sector focusing on companies that generate annual revenues of between R1 million and R100 million with fewer than 250 employees. Vaxtart OldMutualSA NO THANKS!!! I will take my business elsewhere.
Source: BusinessTechSA - 🏆 24. / 61 Read more »