{"id":414449,"date":"2020-07-08T10:13:57","date_gmt":"2020-07-08T08:13:57","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=414449"},"modified":"2020-07-08T10:13:57","modified_gmt":"2020-07-08T08:13:57","slug":"you-can-now-make-cash-deposits-at-all-pick-n-pay-till-points-how-it-works","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/banking\/414449\/you-can-now-make-cash-deposits-at-all-pick-n-pay-till-points-how-it-works\/","title":{"rendered":"You can now make cash deposits at all Pick n Pay till points – how it works"},"content":{"rendered":"

Pick n Pay has launched a new service which will allow customers to make cash deposits directly into their own bank account at any store till point.<\/p>\n

The retailer said that the service will be available at all Pick n Pay stores, including clothing stores, with deposits limited at R5,000 per transaction.<\/p>\n

Deposits can be made into all South African bank accounts.<\/p>\n

Customers will need to have their bank card with them and they\u2019d be required to enter their pin into the card machine to complete the transaction.<\/p>\n

There is a set transaction fee of R19.95 for this service, irrespective of the amount deposited. By comparison, deposits at ATMs are typically charged at between R1 and R2 per R100 deposited.<\/p>\n

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Richard van Rensburg, chief information officer at Pick n Pay, said that while many customers are choosing the convenience of online banking, many South Africans rely on bank branches or ATMs for services, such as cash deposits.<\/p>\n

“We want to make banking services more accessible and convenient for customers, and offering these value-added services helps us do this due to the location and network of our 1,700-plus stores.\u201d<\/p>\n

“Deposits at till points will provide easy access for customers who don\u2019t have a bank branch or ATM in their area, which will save them time and money they would have spent on transport. Our stores will also provide a safe environment to deposit their cash, seven days a week,” said van Rensburg.<\/p>\n

Pick n Pay said that it facilitated over R36 billion in cash withdrawals last year in its stores.<\/p>\n

The retailer has also entered into a strategic partnership with TymeBank to offer customers access to a low-cost banking solution, including cash withdrawals and deposits through till points.<\/p>\n

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Read: How much money South African banks have given in coronavirus support \u2013 and why they won\u2019t offer debt write-offs<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Pick n Pay has launched a new service which will allow customers to make cash deposits directly into their own bank account at any store till point.<\/p>\n","protected":false},"author":10,"featured_media":200836,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[961],"tags":[26],"class_list":["post-414449","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-banking","tag-headline"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/414449","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=414449"}],"version-history":[{"count":4,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/414449\/revisions"}],"predecessor-version":[{"id":414459,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/414449\/revisions\/414459"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/200836"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=414449"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=414449"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=414449"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}