AfrifinHub / Bidvest Bank
Bidvest Bank: Accounts & fees
Accounts & fees explained using the existing Bidvest Bank coverage on AfrifinHub. Review the sections below and use the bank navigation to explore related topics.
Reader notice: AfrifinHub is an independent information website, not this bank or its agent. We do not process applications, repayments or account support. Fees, rates, eligibility, contact details and dated developments in this guide may have changed and have not all been re-verified. Confirm them directly with the institution before acting. Never send AfrifinHub a PIN, password, OTP, card details or identity documents. Recheck ownership and product availability before publication.
Bidvest Bank Accounts
Source: existing AfrifinHub article. Original WordPress modification: 2026-09-18. This is not a new fact-check date.
Account comparison at a glance
| Account | Who it's for | Fee / minimum |
|---|---|---|
| Grow Account™ — Pay-As-You-Transact | Individuals with lighter, occasional transacting | R7.00 per month admin fee, plus individual transaction costs |
| Grow Account™ — All-In | Individuals who transact frequently and want price certainty | Fixed rate of R195 per month, unlimited local transacting |
| One-to-One Business Account | Small and medium businesses wanting a dedicated business banker | Fees not consistently published in the sources checked — confirm with a Bidvest Bank business banker |
| Call Account | Individuals wanting instant access with tiered interest | Minimum deposit R1,000; no fixed term |
| Notice Deposit | Savers who can commit to 2–121 days' notice for a better rate | Minimum R5,000; notice periods of 2, 32, 41, 61, 91 or 121 days |
| Fixed Deposit Account | Individuals or businesses parking a lump sum for a fixed term | Minimum deposit R10,000; no monthly account fee |
How the Grow Account's fee compares to other SA entry-level accounts
Most comparisons of South Africa's cheapest bank accounts online are several years out of date, so pricing shifted since they were published. Here's how the Grow Account's Pay-As-You-Transact fee stacks up against other entry-level transactional accounts, based on each bank's own published pricing as of mid-2026:
| Account | Monthly admin fee |
|---|---|
| Bank Zero | R0 |
| GoTyme Bank (formerly TymeBank) EveryDay Account | R0 |
| FNB Easy Zero Account | R0 |
| Standard Bank MyMo | R0 (fee scrapped from 1 January 2026) |
| OM Bank (Old Mutual) | R4.95 |
| FNB Easy PAYU Account | Approx. R5.25 |
| Bidvest Bank Grow Account (PAYT) | R7.00 + per-transaction costs |
| Capitec Global One | R7.50 |
| Nedbank MiGoals | R8.00 |
On headline monthly admin fee alone, the Grow Account sits in the middle of the pack — cheaper than Capitec and Nedbank's entry accounts, but more expensive than the growing group of zero-fee digital accounts (Bank Zero, GoTyme Bank, FNB Easy Zero, and Standard Bank's MyMo since its January 2026 fee change). Where the Grow Account differentiates itself isn't the base fee — it's the bundled EasyEquities fractional share investing and the Bidvest World Currency Card ecosystem, which none of the zero-fee digital accounts offer built in. Whether that's worth the fee gap depends on whether you'd actually use the investing feature; if you wouldn't, a zero-fee account plus a separate free EasyEquities account gets you the same investing access without the R7+ monthly cost.
Grow Accountâ„¢
The Grow Account is a 3-in-1 personal account: everyday transacting, a savings pocket, and linked EasyEquities share trading, all managed through the Bidvest Bank mobile app. It pays interest on positive balances, supports instant QuickPay transfers to other Grow Account holders, buying airtime, data and electricity, and tap-and-go card payments. Cash can be deposited into the account at Spar, Pick n Pay, Checkers, Shoprite, Makro, Usave, Game, Flash, Pep, Boxer, Ackermans or Builders Warehouse tills.
- No minimum income requirement to qualify
- Choice of Pay-As-You-Transact or a flat All-In monthly fee
- Free access to EasyEquities share trading through the linked account
- Interest earned on positive balances in the account
- Proof of residence and positive identification required to open
How the EasyEquities investing feature works
Opening a Grow Account automatically issues a Bidvest Bank Investments account, powered by EasyEquities, with its own user ID (a 5–6 digit number starting with "BV"). Rather than buying a set number of shares, you choose a Rand amount to invest in a particular share or fund, and fractional shares are bought based on that amount — useful for investing small, regular amounts rather than needing the full price of one share upfront. Prices shown are delayed (the previous trading day's close, updated as you refresh), trading hours follow the exchange you're investing on (JSE for South African shares, US market hours for American shares), and shares bought are held in custody by First World Trader Nominees (Pty) Ltd on your behalf.
What real users say about the app before you sign up
Bank marketing pages rarely mention this, but it's worth knowing before you commit: user reviews on the Google Play Store and Apple App Store for the Bidvest Bank mobile app repeatedly raise a few specific, recurring issues — most notably that one-time PIN (OTP) delivery can take a long time to arrive, sometimes long enough for the transaction to time out; that adding or activating a new card has, for some users, required deleting and reinstalling the app rather than working directly in-app; and that the app doesn't offer in-app chat support, so issues typically need a phone call. These are user-reported experiences rather than confirmed, universal facts about the app's current state — app updates can and do fix reported bugs over time — but they're consistent enough across independent reviews to be worth factoring in, particularly if you're relying on fast OTP delivery for time-sensitive payments.
One-to-One Business Account
Bidvest Bank's flagship business account comes with a dedicated business banker as a single point of contact, rather than a call centre queue. Business clients can add a prepaid business payment card for controlling petty-cash and expense spending, apply for an overdraft facility, and access merchant acquiring services so that card payments taken through Bidvest Bank's merchant solutions reflect in the account the next business day.
Bidvest Bank internet banking and login
Personal and business internet banking for Bidvest Bank is accessed at online.bidvestbank.co.za, separate from the World Currency Card's own login portal (used only for that prepaid travel card) and separate again from the GPO Portal (used by business/corporate clients for forex and trade finance — see the Forex & World Currency Card page for that). Bidvest Bank explicitly warns that it will never ask you to confirm or provide personal or banking details via SMS or email — treat any message asking you to "verify" your login details this way as phishing, and report it to fraudsquad@bidvestbank.co.za. If you're having trouble logging in or need to register for the first time, contact the service centre on 0860 11 11 77 rather than searching for a login link from an unfamiliar source.
For everyday mobile banking, the main Bidvest Bank app (for Grow Account and personal banking) is separate from the dedicated Bidvest Business Banking app, which is built specifically for business account features like beneficiary payments and public beneficiary payments.
Call Account & Notice Deposits
The Call Account starts from a R1,000 minimum deposit, with no fixed term — you can deposit and withdraw at any time, and the interest rate improves as your balance grows. You can choose to capitalise the interest, let it compound, or have it paid out to a nominated account. Notice Deposits, from a R5,000 minimum, work similarly but require you to give Bidvest Bank advance notice — a choice of 2, 32, 41, 61 or 91 or 121 days — before withdrawing, in exchange for a better rate than the Call Account.
Fixed Deposit Account
The Fixed Deposit Account requires a minimum deposit of R10,000 and locks that sum for a chosen term of 2 to 12 months at a fixed rate, with no monthly account fee. Customers can choose to have interest paid out monthly or in full at the end of the term, or reinvest it for another fixed term, making it suited to individuals or businesses that don't need access to the funds before maturity. Pensioners aged 55 and over qualify for a preferential rate on the 12-month Fixed Deposit option.
Frequently asked questions
What are the two Grow Account pricing options?
Pay-As-You-Transact (a smaller monthly admin fee plus per-transaction costs) and All-In (one fixed flat monthly fee covering unlimited local transacting).
Does the Grow Account pay interest?
Yes, on positive balances — check the current published rate on bidvestbank.co.za, as it wasn't consistently available across the sources checked here.
Does the Fixed Deposit Account have a monthly fee?
No — Bidvest Bank's Fixed Deposit Account has no monthly account fee.
What terms are available on the Fixed Deposit?
From 2 to 12 months, with interest paid monthly or at maturity, and a R10,000 minimum deposit.
What's the minimum to open a Call Account?
R1,000, with no fixed term — you can deposit and withdraw at any time.
Can I invest in fractional shares through the Grow Account?
Yes — the linked Bidvest Bank Investments account (powered by EasyEquities) lets you invest a Rand amount rather than buy whole shares, with shares held in custody on your behalf.
Is the Bidvest Grow Account cheap compared to other SA bank accounts?
Its R7.00 PAYT admin fee sits in the middle — cheaper than Capitec (R7.50) and Nedbank MiGoals (R8), but pricier than the zero-fee options like Bank Zero, GoTyme Bank, FNB Easy Zero and Standard Bank MyMo.
Where do I log into Bidvest Bank internet banking?
At online.bidvestbank.co.za. This is separate from the World Currency Card's own login portal and the business-focused GPO Portal.
How do I reverse a debit order on my Bidvest Bank account?
Contact the service centre on 0860 11 11 77 or check the debit order management options in internet banking or the app — the reversal window and process depend on when the debit order went through, so confirm current steps directly with Bidvest Bank.