Foreigners living in south
africa and unable to open bank accounts, worry no more.
News Hub Creator 1d
Making money might be easy but keeping it is hard, the simplest way to bank your money is to lay it under your mattress but that's way too inconvenient and unsafe, You could easily lose it to fire, floods and you will be the number one target of house robbers. So the best way to store/bank your money is to deposit into a your bank account, but in order to open a bank account in most banks you will need a South African ID. This makes it hard for foreigners to have bank accounts.
So let's look at ways that foreigners can get a bank account in south africa online without any hustle.
1. Mukuru money card.
Mukuru is a well know Fintech company common amongst Zimbabweans as it allows Zimbabweans leaving abroad to send money and groceries back home, but it's services are not limited to that only, Mukuru offers funeral covers and a mukuru money card that let's you bank easy and hassle free. This service is available in about 15 different countries in Africa making it 1 of the largest Fintech companies made for people in diaspora.
2.MoyaPay
Moya is a social media app that offers more than free instant messaging and news articles from selected websites, it is integrated with the Moyapay service that let's you send and receive money into your Moya account. It caters for everyone who has a passport and reside in South Africa. It can be referred to the paypal version of South Africa.
3.Solmate
Solmate is a bank account that is 100% online and has an option of a virtual card if you don't yet want their physical card incase you want to test their services, it alows you to send money to e-Wallets and receive your salary.
Sources:
www.samigration.com