Staying ahead of your finance, forex and real estate in South Africa.
I have always used Standard Bank and felt they were good. Now I tend to use all banks to spread my risk.
1 to 10 ratingFNB 8 dig the ebucksABSA 6 Not badOld Mutual 3 I know nothingNedbank 7 Had my student loanStandard 6 My dads bank pd my studies
Guys thanks for the posts. Keep em coming!What do you mean by spread your risk?i.e. Do you have multiple bank accounts? If so why do you do it this way?
Well if I have all my deals with one bank I limit my future possibility of raising further finance if needed as my credit risk profile at that one bank may be maxed out. Its my safety net. So if I need money quickly often Im stuck while I wait for something to come in at one bank and I can use another bank at that point.
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