Did you know that all Shoprite, Checkers, and Usave supermarkets across South Africa allow you to deposit money directly into your bank account?
Talk about banking made more convenient, these retail stores are changing the way people bank in the country.
Imagine while doing your grocery shopping, and banking in one central place – your trusted Shoprite store.
Let me show you how it works.
How to Deposit Money at Shoprite
You can perform various banking services at Shoprite supermarket, and cash deposit is just another value-added service.
You can now deposit money at the lowest transaction costs and convenience.
- Visit your nearest Shoprite supermarket with the cash you wish to deposit;
- At the money market kiosk, tell the cashier you want to deposit money into a bank account;
- Present your banking card and the cash to the cashier;
- Enter your banking pin, then the cash deposit will be processed;
- Once done, you’ll receive an instant confirmation of the transaction.
That’s how simple it is to deposit money at Shoprite.
It’s way better than depositing money at ATMs, with the amount of card fraud been recorded daily in South Africa.
Which Banks Can You Deposit the Money?
Shoprite has partnered with major banks in South Africa, to offer customers the convenience they deserve.
They’ve listed the following 10 banks:
- Standard Bank
- African Bank
- Tyme Bank
- Discovery Bank
- Bidvest Bank
Each bank has a different costing structure.
How Much Money Can You Deposit?
The Shoprite cash deposit banking facility allows you to deposit a daily maximum of R3,000.00. Shoprite has a flat fee of R19.95 charge per transaction.
While this fee might seem a lot, compared to ATM deposits, it’s the security and convenience that matter the most at this stage.
It’s better than losing your hard-earned money to card scammers at the busy ATMs in shopping malls.
However, if you’re not depositing a lot of money, it’s cheaper to just do it at the ATM while being very cautious of the fraud activities that might happen.
Shoprite Cash Deposit vs Banks Deposit
Here’s a quick comparison table of the cash deposit at Shoprite versus the native bank deposit methods by the Business Tech.