African bank launched a zero monthly fee account that allows customers to open up to five linked accounts with separate bank cards for their families
African Bank, the entity that has risen from the ashes of one of the biggest banking collapses in SA, has become the latest entrant in the fee war that is shaking up the industry.
The new account, called MyWORLD, has been three years in the making and lets customers open up to five linked accounts with separate bank cards for their families, at no monthly fee either. Maluleke said African Bank had re-established trust since the old bank was placed under curatorship in 2014 after collapsing under a mountain of debt.
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