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Get
your VBS VISA Debit Card TODAY!
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Our new card makes our clients truly part of the South African Banking Industry
Þ Draw money at any ATM in South Africa
Þ Buy goods or get cash back at any business with a VISA point of sale device (Shoprite, Spar etc.)
Þ Load Debit Orders to and from the card account
Þ Transfer funds to and from any Bank to the Card account—in our Branches or through the Internet!
Þ Government or private sector clients can receive salaries through EFT (electronic funds transfer) directly into their accounts
How can clients or employers deposit salaries or income into the Card account?
Þ Transfer funds through EFT or the Internet
Þ Deposits over the counter at any VBS Branch
Þ We have an arrangement with ABSA to accept deposits for VBS Card clients over their counters at any ABSA Branch in South Africa
¨ Merely make out your Deposit to “VBS Mutual Bank” into ABSA Current Acc number: 4075635559 ¨ In the Reference Block enter your Debit Card Account number
¨ If your Account number is not available use either the Card number or Initials and Surname or an ID Number as Reference
¨ Deposit rate only 37c/R100
Our Card products provide competitive pricing and interest rates.
A LOW COST PRODUCT WITH VISA BENEFITS DESIGNED SPECIFICALLY FOR LOW INCOME EARNERS EARNING LESS THAN R3,000 PER MONTH
¨ This is an ideal start-up account for the unbanked.
¨ Low cost product with a monthly fixed fee of only R20 which covers unlimited transactions at VBS ATM’s or in our Branches
¨ Ideal for clients receiving low monthly income, or who receive Grants, Pensions or Maintenance payments
¨ Also ideal to introduce a child to banking
¨ No need to carry cash!
¨ Transactions at other Bank ATM’s will be charged at Interbank rates
¨ Purchases at any store or business with a VISA point of sale device are FREE !!
¨ Deposits at ABSA at only 37cent/R100!!
AN EXITING TRANSACTION AND SAVINGS ACCOUNT WITH VISA BENEFITS FOR INCOME EARNERS EARNING MORE THAN R3,000 PER MONTH
¨ The more the client save the less we charge
¨ The higher the Balance the better the Interest that the client earns!!
¨ Low cost product with VISA benefits
¨ No need to carry cash!!
¨ The more a client save the less we charge Example : Average Balance R20,000 : Fee only R 25 If less than R10,000 : Fee R40
¨ The higher the Balance the better the Interest you earn!! Example : Average Balance > R 50,000 : Interest 3% per year
¨ Transactions at other Bank ATM’s will be charged at Interbank rates
¨ Purchases at any store or business with a VISA point of sale device are FREE !!
¨ Interest is capitalized monthly—the client earn interest on interest!
¨ Monthly fixed fee of R40 covers unlimited transactions at VBS ATM's or in our Branch
CLIENTS OR EMPLOYERS (INCLUDING GOVERNMENT) SHOULD USE THE FOLLOWING BANKING DETAILS TO RECEIVE FUNDS DIRECT TO ACCOUNTS THROUGH ELECTRONIC FUND TRANSFER BANKING DETAILS Bank VBS Mutual Bank Branch Code 588000 Account Your Card Account Number Type of Account SAVINGS Frequently Asked Questions - VBS Debit Card
What
do I need to open my Debit Card Account?
Mathomo VISA Debit Card: q SA Identity document ONLY
q
An initial deposit of R10. Classic VISA Debit Card: q SA Identity document
q
Proof
of physical residence such as a Utility Bill (Water and lights),
Telkom Account or a letter from your tribal authority. q
An initial deposit of at least R45. How
long do I have to wait for my Card? q
There
is no waiting period. Cards are issued immediately once
applications are processed. Where
can I use my Card?
q At any VBS ATM q At any Automated Teller Machine (ATM) in South Africa q At any merchants countrywide with a VISA piont of sale device. q Over the counter at any VBS branch. q Institutions may load Debit orders eg. Sanlam, Old Mutual How
do I use my Card at an ATM?
q
Insert
your Card as prompted on the ATM screen. q
Enter
your PIN number. q
Select
your transaction and follow the on-screen instructions. q
Remember
to take your cash and receipt. q
When promted for the type of
account, always select SAVINGS.
Important!
q
Don't
use an ATM with a blank screen. q
Always
keep your Card safe. q
Memorise
your PIN. q Never write your PIN on the Debit Card or give it to anyone else. q
Make sure no one can see you
entering your pin. How
do I use my Card over the counter? q Complete the relevant transaction form ie. deposit or withdrawal slip. q
Complete your account or card number as indicated.
q
Hand your Card and completed
deposit/withdrawal slip to the teller. q
A
confirmation slip will be printed as proof of your transaction. q
This
slip will indicate the transaction amount and latest available
balance. How
do I use my Card at any VISA merchant? q
Purchase
goods or withdraw cash using your VBS VISA Debit Card. q
Enter
PIN as requested and follow further instructions. q
When asked what type of
account always indicate savings.
How do I change my salary details? q
Employers/Clients who want to make Internet or EFT payments to a
VBS Card Account to be provided with the following banking
details:
Bank VBS Mutual Bank
Branch Code 588000 Account Your Card Account Number
Type
of account Savings Chargesq Your charges will depend on where you make transactions. q
Government employees will
sign a document authorising PERSAL to pay their salaries into
theit VBS Card Accounts where you make transactions.
What is my daily withdrawal limit?q
No
daily limit in your branch when you withdraw over the counter. q All ATM withdrawals will be preset to a daily limit or R1 000 q
You may change this limit to suit your needs at
any VBS branch. What if my Card is stolen or lost?q
Call
the Helpdesk Hotline on q
0860
104 677 q
Never
ask a stranger to phone on your behalf. q
Your
local branch will assist you in replacing your Card promptly. q Never ask a stranger to assist you at an ATM. q
A card replacement fee will
be charged to your account. Importantq
Make
sure you have read and signd the Terms and Conditions relating to the use of
your VBS Debit Card, and that you are provided with a copy. To
Contact Us
Helpdesk
number
0860 104 677 Disclaimer VBS Mutual Bank subscribes to the Code of Banking
Practice. Our products and services, and the terms and conditions
under which they are offered, may change. We will inform you of
these changes in writing. It is in your interest to read your
contract carefully. If you have any questions or need more
information, contact your branch.
Please ask your branch for details.
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