Introducing the card that can save you money as you spend it.

With an Old Mutual Money Account, every time you swipe your card, an amount set by you is invested in the Old Mutual Money Market Fund Unit Trust where you have the chance to grow your savings at a higher return than putting it in a normal bank account. There is so much more that the Money Account can do for you, such as free access to online purchases, inter-account transfers, unlimited point-of-sale swipes, top security and much more. So, what are you waiting for, get your Money Account today! Swipe, Save, Switch.

  • About Money Account
  • Benefits of Money Account
  • Unique Features
  • How secure is your money?
  • Transaction Fees
  • Funding your SWIPE Account
  • Transact on the go

The Money Account designed for you.

Saving isn't easy. There are debts, groceries and day-to-day items to pay for - not to mention the little spoils we deserve from time to time. Then, there are those unexpected expenses that creep in, like a faulty fridge, car service or emergency trip to the dentist. But what if your transactional card could automatically save for you? What if, little by little, every time you swipe, you can put money into your savings account and have instant access to your savings when you needed it?

The Old Mutual Money Account offers you two accounts. A fully transactional SWIPE Account, in association with Bidvest Bank Limited* and a SAVE Account, in association with OMIA**. The SAVE Account funds are invested in the Old Mutual Money Market Fund Unit trust. Swipe, Save, Switch.

Old Mutual Transaction Services (Pty) Ltd (Reg No. 2012/225985/07). **Bidvest Bank Ltd (Reg No. 2000/006478/06), a licensed financial services and registered credit provider, NCRCP17. **Old Mutual Investment Administrators (Pty) Ltd (Reg No. 1988/03478/07), a licensed administrative financial services provider.

The Money Account with awesome benefits.

  • Affordable transaction fees.
  • Top security features - instantly switch your card off in an emergency.
  • Higher growth potential on your savings.
  • Two linked accounts - a transactional (SWIPE) account and an investment (SAVE) account.
  • Unique features that can automatically save for you.
  • Instant access to your savings.
  • Transact on the go with the Mobile Banking App, Cellphone Banking or Internet Banking.
  • Pay for anything at a till point or online.
  • Your savings are invested in the Old Mutual Money Market Fund Unit Trust.
  • Quick Pay - unlimited transfers to other Money Account holders with your cellphone.
  • Deposit cash at Pick n Pay (excluding Express stores) and Boxer stores.
  • Withdraw cash at Pick n Pay, Boxer, Shoprite and Checkers stores.
  • Buy pre-paid airtime or electricity using Cellphone or Internet Banking.

It's packed with Unique Features.

Money Account has useful tools in place which can automatically save for you. This way the card helps you get into the habit of saving.

SWIPE & SAVE

You can choose to set this feature and automatically add a percentage of your spend to your SAVE account every time you swipe your card. You can set your SWIPE & SAVE percentage to be anything between 1-15% of your total daily spend.

So, let's say you spend R100 on groceries and you've set your SWIPE & SAVE percentage to 10%, then an extra R10 will be added to your SAVE account. In total R110 has moved from your SWIPE account - R100 for groceries and R10 to your SAVE account.

FOCUSED SAVE

You can choose to have a fixed amount transferred periodically from your SWIPE account into your SAVE account. For example, you can set your FOCUSED SAVE transfer to R200 per month and this amount will be moved from your SWIPE account to your SAVE account every month on the date you have selected.

A good idea is to set your FOCUSED SAVE date to the day you get paid so that there is always money available for - FOCUSED SAVE

Old Mutual Money Market Fund Unit Trust

Your save account is an investment administered by OMIA, linked to the Old Mutual Money Market Fund Unit Trust which gives your money higher growth potential in a normal bank account. What makes Money Account even better is that your savings can be accessed instantly - at any time.
When you need to, you can simply transfer the money from your SAVE account into your SWIPE account, using the Mobile Banking App, Cellphone or Internet Banking. The money will be available in your SWIPE account immediately.

The Money Account with top security features.

Security measures are necessities not luxuries. That's why Old Mutual Money Account provides you with unique world class security features to give you added piece of mind.

Added security for internet purchases - We use the latest industry standard security capability to protect you when you are purchasing online using your Money Account card. Where the internet retailer subscribes to this enhanced security, you will receive an additional message on your mobile phone allowing you to authorize the transaction before it is processed. This ensures that your card cannot be used for online purchases without your consent.

Switch your card on and off - If you have misplaced your card you can simply log onto cellphone, or internet banking or the mobile banking App and control the accessibility of your account by switching your card off when you want to disable your card.
Once you have switched your card off it means that no one is able to transact using your Money Account card. Once you have recovered your card, you can simply turn it back on again to transact.
If you are unable to recover your Money Account card, you must please contact our Old Mutual Money Account Service centre on 0860 222 252 immediately to have the card cancelled. Replacement cards are only issued in an Old Mutual Retail Branch - Find your nearest branch.

How do you turn off your Money Account card using Cellphone Banking?

  1. Dial *120*257#
  2. Enter your Cellphone Banking PIN
  3. Select the main menu
  4. Select 'Switch card OFF'
  5. Confirm the action
  6. To switch your card ON again, repeat steps 1-5.

How do you turn your Money Account card off on Internet Banking?

  1. Logon on www.moneyaccount.co.za
  2. Enter your log-in details
  3. Select the 'Switch card OFF' function (just above your latest balance)
  4. To switch your card ON again, repeat the first 3 steps

How do you turn your Money Account card off via the Mobile Banking App?

Log into the Money Account APP. The landing page will provide you with a view of your account balances, as well as quick access to various functionalities such as switching your card ON and OFF.

The Money Account has low transactional fees:

Transaction

Fee

First card issue Free
Online statement Free
Card purchases Free
Monthly admin fee R4.50
Store cash withdrawal R2.50
Cash withdrawal at any ATM (first 4 per month) R7.00
Debit order R2.00
Returned Debit order R4.00
Cash Deposit at Pick n Pay & Boxer retailers R4.00
Download the Money Account Fee Structure

It's easy to fund your SWIPE account.

It is easy to fund your Money Account, you can do so by making a cash deposit, doing an EFT or switching your salary!

Cash deposits

You can make cash deposits at any till point at a Pick n Pay (excluding Express stores) or Boxer store. The maximum daily cash deposit limit is R5 000. Simply follow this process:

  • Inform the cashier that you would like to do a mobile deposit.
  • Using cellphone banking dial *120*257# or the Money Account mobile app generate a wiCode - this 9 digit code is valid for 15 minutes after it has been generated.
  • The cashier will then select the option to make a cash deposit on the terminal.
  • You will then need to provide the teller with the 9 digit wiCode.
  • Hand the cash you would like to deposit to the teller.
  • Cash is deposited and funds will immediately reflect in your account.
  • The cashier should give you a receipt/slip as proof of the transaction.

Electronic funds transfer (EFT)

You can do an electronic fund transfer (EFT) into your Money account by using your Money Account banking details.

  • Account Number - Your 10 digit number that was provided to you during the acquisition process. Your account number is displayed on your Internet Banking, Cellphone Banking and Mobile Banking App profiles.
  • Account Type - Savings
  • Bank - Bidvest Bank
  • Branch Code - 462005

Salary and debit order switching form

Switch your salary and debit orders - This form asks us to switch your salary and debit orders. Once completed and signed, you can then send it to us via e-mail (to MASwitching@omfinance.co.za), or drop it off at your nearest Old Mutual Retail branch. Please contact our Service Centre on 0860 222 252 for more information on how to switch.

Download Money Account Mandate form

STEP 1: Complete section 1 with your personal details using your full names as indicated in your Identity Document.
STEP 2: Indicate that you want to switch your salary and/or debit orders.
STEP 3: Complete section 3 with your previous bank account details.
STEP 4: Complete section 4 with your Money Account SWIPE account details.
STEP 5: Complete section 5 with your employer details.
STEP 6: Sign the form in the space provided.

Download Annexure 1

Client Number: The first 7 digits of your account number.
Beneficiaries: List the name of the debit order initiator.
Reference Number/Account Number: List the reference number of the debit order.
Debit order date: List the date of the debit order deduction.
Debit order frequency: List how frequently the debit order is deducted - weekly, monthly, quarterly or annually.
Instalment Amount: List the amount of the debit order.
Fixed: Indicate whether your debit order amount is a fixed amount - yes or no.

Download Debit order switching form

STEP 1: Complete your personal details using your full names as indicated in your Identity Document.
STEP 2: Complete your previous bank account details.
STEP 3: Complete your Money Account SWIPE account details.
STEP 4: Sign the form in the space provided.

Download Salary switching form - This form will be submitted to your employer by Old Mutual as an instruction to have the banking details in which your salary must be deposited changed.

STEP 1: Complete your personal details using your full names as indicated in your Identity Document.
STEP 2: Complete your previous bank account details.
STEP 3: Complete your Money Account SWIPE account details.
STEP 4: Sign the form in the space provided.

What do you need to open a Money Account?

  • A valid South African Identity Document.
  • Valid FICA documents not older than 3 months (e.g. proof of your residential address).
  • You must be 18+ years old to open a Money Account.

Click here to find your nearest branch.

Branch operating hours:
Monday to Friday: 08:00 to 17:00
Saturday: 08:00 to 13:00
Closed on Sundays and Public Holidays

Transact on your Money Account wherever you are:

Transact using the Money Account Mobile Banking App.

What transactions can you perform using our Mobile Banking App?

  • You can switch your card ON and OFF
  • Secure payments & inter-account transfers.
  • Review account activities & balances.
  • Add, pay, edit and delete beneficiaries.
  • Change SWIPE SAVE percentage.
  • Turn SWIPE SAVE percentage ON or OFF.
  • Process cash deposits.
  • Buy pre-paid airtime or electricity.
  • And much more!
  1. Download the Old Mutual app from your app store or visit oldmutualapp.com from your cellphone.
  2. Enter your cellphone number into the app and click 'submit'.
  3. Complete the registration by entering the one-time password sent to you via SMS.
  4. Once done, sign in and access Money Account from the landing page and follow the instructions.
  5. Start transacting!

All your transactional needs - in the palm of your hand.

Transact using Cellphone Banking.

What transactions can you perform using Cellphone Banking?

  • QuickPay - instant cellphone to cellphone transfers between Money Account holders.
  • Process cash deposits.
  • View your recent transactions.
  • View banking details.
  • Payments and transfers.
  • Purchase prepaid airtime or electricity.
  • Change SWIPE SAVE percentage.
  • Turn SWIPE SAVE percentage ON or OFF.
  • Change your Account card pin.
  • Change Cellphone Banking pin.
  • And much more!
  1. Dial *120*257# from your Cellphone.
  2. Enter your Cellphone Banking PIN to start transacting.
  3. Remember to log out after you have completed your cellphone transactions.

A simple, no-fuss way to transact.

Transact using Internet Banking.

What transactions can you perform using Internet Banking?

  • You can switch your card ON and OFF
  • Process cash deposits
  • View your recent transactions
  • View banking details
  • Payments and Transfers
  • Purchase prepaid airtime or electricity
  • Change SWIPE SAVE percentage.
  • Turn SWIPE SAVE percentage ON or OFF
  • Turn FOCUS SAVE ON or OFF
  • Change FOCUS SAVE amount
  • Change your card pin
  • Change cellphone banking pin
  • Quick Pay
  • Balance enquiries.
  • Manage your devices.
  1. Click on "Log in" at the top of the page.
  2. Enter your log-in details to start transacting.
  3. Remember to log out after your have completed your internet transactions.