Archives For Weview Wednesday

nedbank

As part and parcel of our weekly bank rewards programme reviews, this week’s Weview Wednesday looks at the Nedbank Greenbacks Rewards Programme. With the festive season rapidly making its way to our pockets, what better way to spend than to be rewarded for your spending? We’ve already looked at the Standard Bank U-Count Rewards; the Absa Rewards Programme, FNB eBucks and now let’s see what the Nedbank Greenbacks Programme has to offer its clients.

nedbank greenbacks

How it works?

Pro’s:

  • Joining Nedbank Greenbacks Rewards is quick, easy and free
  • You can link up to 10 credit or cheque cards to this account at no additional fee and gain Nedbank Greenbacks on your accumulated spend on all cards
  • Nedbank Greenbacks never expire allowing you to save your points towards those rewards you’ve always wanted
  • The balance on your Nedbank Greenbacks account is updated on a daily basis and you will receive quarterly statements to inform you of your balance
  • Spend your Nedbank Greenbacks either on their online shop or by calling 086- 555 111 or 0860 555 222 for Nedbank Personal Relationship Banking clients or 0860 111 263 for Nedbank Private Wealth Clients and provide them with all the relevant details

Con’s:

  • If you do not spend on your Nedbank card for five months or more, your Nedbank Greenbacks account is considered dormant and you will lose those points
  • You can only apply to reopen your Nedbank Greenbacks account three months thereafter, and your forfeited Greenbacks will be reinstated in full
  • Nedbank Greenbacks are only earned on eligible card spend which excludes cash withdrawals, casino chip purchases, fuel purchases, finance and other card charges, fees or taxes levied by Nedbank or the government, the purchase of travellers cheques or other negotiable instruments, garage card transactions, budget account installments and interest, insurance premiums and internet transfers or payments
Advertisements

6a00d8341c74ba53ef0120a6335c5e970b-800wi

The Standard Bank PayCard is a service that allows you to load cash onto a prepaid card in order to enjoy the safety that card purchases provide.  At the moment 2700 cards are being used for the Orange African Cup of Nations, for daily food purchases by the volunteers. The cards are a great way to control spending of employee’s or even family members. Employees can withdraw cash from ATMs and pay for purchases with or without cash back at merchants. The cards takes away the risk of managing and carrying large amounts of cash. In addition PayCards maybe used for multiple salary or wage payments to each employee. Cards expire after 3 years.

The benefits of a PayCard include:

  • No time wasted in banking queues or cheque-cashing stores
  • Access to your money anytime and anywhere
  • Safer as you do not need to carry your entire wages on pay day
  • You can receive your pay even when you not on the job on payday

How to register?

  • Follow the “sign me up” link on the homepage of the website (www.paycard.co.za)
  • complete the details of the profile holder
  • send through your application for approval(electronic)
  • approval takes 24 hours, you’re then ready to order cards.

How to order cards…

  • Once you have an approved profile, funds would need to be transferred into it(a simple eft/deposit process)
  • Login on the PayCard website
  • Cards can be ordered in the “order cards” link on the website. You may select the number of cards to order(even as little as one)

Once received, these cards are allocated to the specific user(ID number, name etc), loaded with funds from the profile, and are ready for use immediately.

Pro’s:

  • Cards delivered to your doorstep
  • Funds instantly accessible once loaded onto cards
  • All POS transactions (swipes)are free
  • A “bulk load” feature that allows multiple card loads will be useful for company’s using the PayCard
  • Issued by Standard Bank, processed by Tutuka, and with backing by MasterCard, the card is reliable, safe, and an easy-to-use product

Some great uses of a PayCard include:

  • Construction companies pay their bricklayers, tilers, welders and plasterers with the Standard Bank PayCard.
  • Teachers are given the cards by the School to use on school trips.
  • NGO’s use it to pay their staff.
  • Farmers use it to pay their farm laborers.
  • A number of companies use it to give to their office managers to use for various office expenses.
  • Company employees that are concerned about the safety of funds and who feel their personal security may be threatened, use the Standard Bank PayCard to pay their workers instead of cash.
  • Companies give it to staff members who don’t have a bank account.

The Paycard is an excellent way to help safeguard staff against theft and fraud. Help secure workers safety with a Standard Bank PayCard.

Untitled

We decided to take a look at the Pocit mobile payments system in order to see where this great service is going. They’ve recently launched the ability to pay for your store accounts via your mobile phone. We take a look at the process:

1) Dial *120*3636# from mobile device(ussd setup)

2) Receive balance (database of available participating retail groups).

3) The following gets displayed: Closing balance, due date, amount due.

4) Select options from menu ( a)Pay due amount , b) Pay own amount , c) See bill detail)

5) Next step asks you what amount you would like to pay (I opted for the amount outstanding on my account)

6) Choose bank

7) Choose type of account

8) Enter bank account number

9) ID number

10) Confirmation screen

11) Thank you screen

The Pocit store card payment service is very helpful and convenient for people on the go whom might not have access to their internet banking, or even to go to a Edgars Store to pay cash. The process is simple however the website option did not work. Fortunately this is less of a problem as you can use the cellphone process as a basic entry point.

Pro’s:

• Simple to use, user-friendly menu.

• No computer needed, normal network connection on phone.

• Confirmation sms sent through to cellphone.

• The Pocit system currently has the Edcon and Mr Price group on board with their system, therefore should pick up accounts related to them

• The “see bill detail” option gives you the chance to view your purchases for the month thus far, as well as available credit (step 4)

Con’s:

• The amount will come off your bank account the following day, and will reflect on your intended destination in 2 days

• USSD connection costs are not are not displayed. One would have to wait till your cellphone bill comes through to view the charges

• Τhere is a mobile app, but it charges R5 a month as an administration charge and was difficult to download.

• The Pocit system currently only has the 2 groups stated above, but yet I have Mr Price accounts – it did not pick them up when I tried my email address and cell number.