Types Bank Accounts to Open at Bidvest Bank


There are over 5 bank accounts to open at Bidvest Bank, South Africa. We provide a comparison of the accounts for you to make a decision based on your preferences.

Which product is right for you?

  Bidvest Bank Account™ Call Account Notice Account Fixed Deposit Account Foreign Currency Account
Type Basic transactional savings. Savings. Notice deposit investment. Fixed deposit investment. Investment.
Main benefit and Uses Unlimited banking for no more than R82.00* per month. Save while earning competitive interest rates. Choose an investment period from as little as 41 days up to 12 months. Choose an investment period from 1 – 12 months. Investing in foreign currency can earn competitive interest rates.
What makes it unique Inter-account transfer with World Currency Card™ You can save and earn interest while having access to your money.

Our 7-Day Call Account earns you interest at competitive rates.


More flexible than a Fixed Deposit Account because you can make additional deposits and partial withdrawals during the term. Earns you higher interest because your funds are invested for a fixed term. Allows you to invest either locally or abroad.
Who it is best suited for Anyone in need of a basic savings account.
Frequent travellers with a World Currency Card™.
Anyone with extra funds to invest, but also those that need quick access to those funds. Anyone who has extra funds of a minimum of R5,000.00 to invest for a fixed term but want the flexibility to transfer additional funds as well as withdraw funds in emergencies at a fee. Anyone who has extra funds of a minimum of R10,000.00 that they won’t need access to for a certain period of time. Convenient for those who make regular foreign currency transactions and for frequent travellers.

Bidvest Bank Account™

Unlimited Banking at Limited Costs

With a minimum balance of R50.00 the Bidvest Bank Account™ enables you to save with competitive interest rates and low monthly fees. Free internet banking and free purchase transactions are just some of the benefits of owning a personal bank account with us.

What’s more, World Currency Card™ holders can reload funds online from anywhere in the world with their Bidvest Bank Account™.


Save at high interest rates and low monthly fees. For R0 – R82.00* per month, you’ll get:

  • Free unlimited internet banking
  • Free purchase transactions at retailers in South Africa
  • The ability to pay for fuel with your card
  • The ability to make cash withdrawals at Pick ‘n Pay, Shoprite Checkers and PEP stores

For Under 21s

  • Free Bidvest Bank ATM withdrawals
  • No monthly management fee
  • No over-the-counter fees for deposits and withdrawals

For Over 65s

  • Free unlimited banking. (Excludes penalty fees, over-the-counter fees at the branch and international transaction fees.)

*Over-the-counter fees, declined or denied transaction fees, and international transaction fees are not included in the monthly fee and are charged per transaction. See additional Bidvest Bank Account™ fees table.

Inter-account Transfers

World Currency Card™ holders can easily and conveniently reload funds from their Bidvest Bank Account™. Simply link the two and reload funds from anywhere in the world, anytime, whenever you’re online.

Notice Accounts

Higher Interest Earnings on Your Investment

This investment account earns you higher interest rates and you choose a notice period most suitable to you. With notice periods from 41, 61, 91 and 121 days up to 6, 9 and 12 months, you can choose to save either short term or slightly longer.

How it Works

Opening an Account

To open a Notice Account, you’ll need a minimum deposit of R5,000.00 up to a maximum of R10 million. The amount deposited need not be fixed and you’re able to transfer additional funds into your account during the period.


  • A Notice of Withdrawal form must be completed for both partial and full withdrawals* that can be made after the notice period is over.
  • Early withdrawals carry a fee of 1% of the amount withdrawn with a minimum of R400.00.
  • Once the notice period has lapsed, you’ll need to advise for funds to be transferred. Without notification your funds will be automatically transferred into a Bidvest Bank Call Account

*All withdrawals must exceed R1,000.00.

Interest Rates

Interest rates apply for investments up to R10 million.

Interest rates for investments over R10 million will be determined on application.

  • The nominal rates are indicative only and are subject to change without prior notice.
  • All nominal rates are quoted on a nominal annual compounded monthly basis.

Fixed Deposit Accounts

Fixed Interest for a Fixed Period

With a fixed term investment, you earn higher rates. Choose from a period as little as one month up to twelve months, and a minimum deposit of R10,000.00. Your Fixed Deposit Account comprises of a single deposit for a fixed term at a guaranteed fixed interest rate.

Fixed Deposit Account

Fixed Interest for a Fixed Period

A fixed term investment means you get higher interest rates. With our Fixed Deposit Account, you deposit a single amount – a minimum of R10 000 is required – for a fixed term at a guaranteed interest rate.

Fixed Deposit Accounts

Your Fixed Deposit Account comprises a single deposit for a fixed term at a guaranteed interest rate. Because it’s a fixed investment, you’ll also earn higher interest rates – and the longer you invest your money, the higher your interest rate will be.

What You Get

For deposits of R10 000 or more, you’ll earn 7.13% for 3 months, 8.13% for 6 months, 8.32% for 9 months and 8.68% for 12 months. For more details, see our full rates table.

Opening an Account

  • A minimum of R10 000 is required.
  • Choose the deposit period you’d like – from 1 month up to 12 months.

What we need from you

  • Green bar coded identity document
  • Proof of address (utility bill or similar)
  • Proof of deposit (if customer is doing EFT)

You will need to complete and sign


  • Early withdrawals are charged a fee, which we’ll calculate on request.


  • Interest is calculated daily and payable monthly, or on maturity.
  • Monthly interest can be paid into a nominated account or transferred to a call account.

Extra for Pensioners

If you’re 55 years of age or older, you qualify for 9.00% interest on a 12-month fixed deposit. All you need is your green bar-coded ID when you open up an account.

The interest rates quotes above (7.13, 8.13%, 8.32%, 8.68 %) are the annual effective rates and are applicable to the 3-month, 6-month, 9-month and 12-month Fixed Deposit Accounts respectively when investing R10 000 or more. Rates are subject to change. Applicable to corporates and individuals. Terms and conditions apply, In terms of legislation, proof of legislation, proof of residence and positive identification are required to open a Bidvest Bank Fixed Deposit Account. Bidvest Bank limited (Reg No 2000/006478/06) is a licensed financial services and registered credit provider.

Foreign Currency Accounts

Investing Locally or Overseas

Invest your money in foreign currency, either locally or abroad.

Investing Locally or Overseas

An international currency account allows you to invest your money either locally or abroad.

Annual Foreign Investment Allowance

South African residents over the age of 18 are entitled to a once-off individual foreign currency transfer up to a maximum of R10 million per annum.

Investing Locally 

A Bidvest Bank Foreign Currency Account allows you to invest your money locally in one of the foreign currencies available: US Dollar, British Pound, Euro or Australian Dollar. The US Dollar account may earn interest but remain A South African-held and operated account.

Investing Overseas 

In this case we assist you in transferring your funds to the overseas financial institution or investment firm via telegraphic transfers or bank drafts.


To qualify you’ll need a minimum deposit of R25,000.00 and the following documents: