{"id":235709,"date":"2022-08-31T04:47:00","date_gmt":"2022-08-31T02:47:00","guid":{"rendered":"https:\/\/mypr.co.za\/?p=120590"},"modified":"2022-08-31T04:47:00","modified_gmt":"2022-08-31T02:47:00","slug":"meet-south-africas-lowest-cost-bank-account","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/meet-south-africas-lowest-cost-bank-account\/","title":{"rendered":"Meet South Africa\u2019s lowest cost bank account"},"content":{"rendered":"<aside class=\"scaip scaip-1 \">\n<aside id=\"republication_tracker_tool-2\" class=\"republication_tracker_tool clearfix\">\n<h5 class=\"adtitle\">Republish for Free<\/h5>\n<div class=\"license\">\n<p><button name=\"Republish This Story\" id=\"cc-btn\" class=\"republication-tracker-tool-button\">Republish This Story<\/button><\/p>\n<p><a class=\"license\" rel=\"noreferrer license noopener\" target=\"_blank\" href=\"http:\/\/creativecommons.org\/licenses\/by-nd\/4.0\/\"><img decoding=\"async\" alt=\"Creative Commons License\" class=\"lazyload\" src=\"http:\/\/www.myza.co.za\/press\/wp-content\/uploads\/2022\/08\/meet-south-africas-lowest-cost-bank-account.png\"><\/a><\/p>\n<p><img decoding=\"async\" alt=\"Creative Commons License\" src=\"http:\/\/www.myza.co.za\/press\/wp-content\/uploads\/2022\/08\/meet-south-africas-lowest-cost-bank-account.png\"><\/div>\n<div class=\"message\">\n<p>Republish our articles for free, online or in print, under a Creative Commons license.<\/p>\n<\/div>\n<\/aside>\n<\/aside>\n<figure id=\"attachment_120591\" aria-describedby=\"caption-attachment-120591\" class=\"wp-caption alignleft\"><a href=\"https:\/\/mypr.co.za\/?attachment_id=120591\"><img loading=\"lazy\" decoding=\"async\" alt width=\"300\" height=\"200\" class=\"wp-image-120591 size-thumbnail lazyload\" src=\"http:\/\/www.myza.co.za\/press\/wp-content\/uploads\/2022\/08\/meet-south-africas-lowest-cost-bank-account.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-120591 size-thumbnail\" src=\"http:\/\/www.myza.co.za\/press\/wp-content\/uploads\/2022\/08\/meet-south-africas-lowest-cost-bank-account.jpg\" alt width=\"300\" height=\"200\"><\/a><figcaption id=\"caption-attachment-120591\" class=\"wp-caption-text\">Meet South Africa\u2019s lowest cost bank account<\/figcaption><\/figure>\n<p>Shoprite\u2019s Money Market Account is now a full-fledged bank account.<\/p>\n<p>It already provides almost two million banked and unbanked customers the best deal on the market.<\/p>\n<p>It\u2019s official: Shoprite\u2018s Money Market Account is now a full-fledged, transactional bank account, the first ever offered by a South African retailer \u2013 and the lowest cost entry-level bank account on the market.<\/p>\n<p>Clients pay a flat R5 fee for cash withdrawals. Every other transaction is free, and there are no monthly fees. No other South African bank account matches this offer.<\/p>\n<p>Using data from a recent Business Tech article, a cost comparison against other entry-level bank accounts shows the Money Market Account emerging clearly as the most affordable entry-level bank account in the country.<\/p>\n<p>The Money Market Account has rapidly added functionality and customers since its launch in 2020, and now gives almost two million banked and unbanked customers access to basic transactional banking.<\/p>\n<p>\u201cThe development and roll out of the account has been driven entirely by customer needs,\u201d says Jean Olivier, General Manager: Financial Services for the Shoprite Group. \u201cThey wanted a straightforward account which allows them to be in full control of their money and does not surprise them with any hidden fees.\u201d<\/p>\n<p>Shoprite Money Market Account benefits:<\/p>\n<p>Customers can skip long queues and high fees at ATMs by depositing and withdrawing cash at any till point at Shoprite, Checkers and USave supermarkets nationwide.<\/p>\n<p>Customers can also send money, buy airtime, data, electricity, send grocery vouchers, pay bills and pay for groceries from their phones.<\/p>\n<p>There are no debit orders or deductions, so customers are in full control of their money.<\/p>\n<p>Besides low-cost banking, the Money Market Account also offers:<\/p>\n<p>Simplicity, with no physical forms (everything is digital).<\/p>\n<p>Retail hours (not banking hours), seven days a week.<\/p>\n<p>Easy access on any mobile phone (both feature and smart phones); and available via the Shoprite app, USSD (*120*3534#), WhatsApp (087 240 5709) or Shoprite\u2019s Xtra Savings card.<\/p>\n<p>Money Market Account is a division of Shoprite Checkers (Pty) Ltd (FSP7332) with banking services provided by Grindrod Bank Ltd (FSP6317). Ts &amp; Cs apply.<\/p>\n<p><a href=\"http:\/\/mypr.co.za\/contact\/featured\/\">CLICK HERE to submit your press release to MyPR.co.za<\/a>.<\/p>\n<p> <span class=\"post-views-icon dashicons dashicons-chart-bar\"><\/span> <span class=\"post-views-label\">Press Release Views since 1 July 2022:<\/span> <span class=\"post-views-count\">118<\/span> <\/p>\n<div class=\"entry-pagination pagination\">Pages: <span class=\"post-page-numbers current\"><span class=\"screen-reader-text\">Page <\/span>1<\/span> <a href=\"https:\/\/mypr.co.za\/meet-south-africas-lowest-cost-bank-account\/2\/\" class=\"post-page-numbers\"><span class=\"screen-reader-text\">Page <\/span>2<\/a><\/div>\n<p><a href=\"https:\/\/mypr.co.za\">Source: MyPR.co.za<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Republish for Free Republish This Story Republish our articles for free, online or in print, under a Creative Commons license. Meet South Africa\u2019s lowest cost bank account Shoprite\u2019s Money Market Account is now a full-fledged bank account. It already provides almost two million banked and unbanked customers the best deal on the market. It\u2019s official: [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":235710,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","ngg_post_thumbnail":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[9021,1],"tags":[3257],"class_list":{"0":"post-235709","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-mypr","8":"category-south-africa","9":"tag-mypr","10":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/www.myza.co.za\/press\/wp-content\/uploads\/2022\/08\/meet-south-africas-lowest-cost-bank-account.png","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/235709","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/comments?post=235709"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/235709\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media\/235710"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=235709"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=235709"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=235709"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}