List Of Private Banks In South Africa

Private banks are banks owned by either the individual or a general partner(s) with limited partner(s). Private banks are not incorporated.

Find below are the list of Private Banks In South Africa

Absa Group Limited.

African Bank Limited.

Bidvest Bank Limited.

Capitec Bank Limited.

Discovery Limited.

First National Bank.

FirstRand Bank – A subsidiary of First Rand Limited.

Grindrod Bank Limited.

How many private banks are in South Africa?

Banking system in South Africa includes 10 locally controlled banks, 7 foreign controlled banks, 3 mutual banks, 2 co-operative banks as well as about 50 branches and representative offices of foreign banks.

What are the top 10 private banks?

BNP Paribas.


JPMorgan Chase.

Credit Suisse.

Bank of America.

Morgan Stanley.


The Bottom Line.

Is current bank available in South Africa?

Banking services in South Africa

In addition to current and savings accounts, most major South African banks offer loans, mortgages, and investment services. Some also provide car and home insurance services. Current accounts: These accounts are for day-to-day banking.

Which is best private bank?

World’s Best Banks In India: HDFC Bank

HDFC Bank Limited, headquartered in Mumbai, Maharashtra, is an Indian banking and financial services firm. As of April 2021, HDFC Bank is India’s largest private sector bank in terms of assets and market capitalization.

Where do millionaires keep their money?

No matter how much their annual salary may be, most millionaires put their money where it will grow, usually in stocks, bonds, and other types of stable investments. Key takeaway: Millionaires put their money into places where it will grow such as mutual funds, stocks and retirement accounts.

How much money do you need for private banking?

Eligibility requirements for private banking

The minimum amount required varies — $1 million will most likely be the minimum level for most private banks, Foy says. But there are some exceptions. For instance, Chase Private Client requires an average daily balance of only $250,000 or more.