Bank smarter, not harder

At OM Bank, we designed a bank that fits your everyday needs, credit that adapts to your reality and a way to save for your future effortlessly. This is banking, built different.

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Personal Account

 

A transactional account for your needs

The Personal Account is built to journey with you through life’s moments, milestones and everything in between. Pay with confidence, track every transaction in real time and keep more of your cash thanks to our affordable fees. 

Features

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    Personal account from just R4.95 per month.

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    Personalised insights based on your spending habits.
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    As an Old Mutual Rewards member, you can earn rewards points that can be redeemed to cash instantly.
Personal Account

Personal Account | Rates and fees

Recurring Fees
Monthly account feeR4.95
Cash  
Cash withdrawal at ATMR10 per R1 000
Cash withdrawal at till point/ POSR2
Cash deposit at till point/ POSRetailer
Cash withdrawal at ATM (international)R70
Currency conversion fee (e.g. R55 for R2 000 transaction)2.75%
Purchases  
Card purchase (domestic)Free
Card purchases (international)Free
Currency conversion fee (e.g. R12.39 for R450 transaction)2.75%
Digital Payments
Real Time Payment (RTC/ Payshap)
Value R3 000 or belowFree
Value between R3 000 and R50 000R1
Value between R3 000 and R50 000R6
Electronic funds transfer (EFT)
Value R3 000 or belowFree
Value above R3 000R1
Debit orderR3
Send cash voucher to retailerR10
Value Added Service
Airtime & DataR0.50
ElectricityR1
Bill PaymentsR1
LottoR2
VouchersR1
Services
Balance check ATM (including International)R10
 

Personal Account with a Credit Facility

 

Finally, credit that’s designed with you in mind

All the flexibility of a credit facility. None of the anxiety. It’s credit, designed with you in mind from just R69 per month, plus a R4.95 monthly account fee.

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    Get credit decisions quickly in the palm of your hand.
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    Build your credit score with responsible use. 
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    Higher rewards earning potential.

credit facility

Personal Account with a Credit Facility | Rates and fees

Recurring Fees  
Monthly account feeR4.95
Credit Facility FeeR69
Cash  
Cash withdrawal at ATMR10 per R1 000
Cash withdrawal at till point/ POSR2
Cash deposit at till point/ POSRetailer
Cash withdrawal at ATM (international)R70
Currency conversion fee (e.g. R55 for R2 000 transaction)2.75%
Purchases  
Card purchase (domestic)Free
Card purchases (international)Free
Currency conversion fee (e.g. R12.39 for R450 transaction)2.75%
Digital Payments  
Real Time Payment (RTC/ Payshap)
Value R3 000 or belowFree
Value between R3 000 and R50 000R1
Value between R3 000 and R50 000R6
Electronic funds transfer (EFT)
Value R3 000 or belowFree
Value above R3 000R1
Debit orderR3
Value Added Service
Airtime & DataR0.50
ElectricityR1
Bill PaymentsR1
LottoR2
VouchersR1
Services
Balance check ATM (including International)R10
 

Savings Account

 

Earn up to 6.75% interest*, for an effective annual return of 6.96%* 

Outsmart your spending and put your savings on autopilot. This is saving, reimagined.

Features

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    Serious interest: Earn up to 6.75% per year*, which means an effective annual return of 6.96% for you.  

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    Zero monthly account maintenance fees: Pay nothing to save, so your money grows faster. 
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    Savings on autopilot: Use our smart tools to automatically set money aside. 
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    Unlimited goals: Create a specific savings goal for everything you want. 
Savings account

Savings Account | Rates* and fees

Recurring Fees  
Monthly account feeFree
Digital Payments  
Real Time Payment (RTC/ Payshap) 
Value R50 000 or belowR1
Value above R50 000R6
Electronic funds transfer (EFT)R1
Debit orderR3
 

*The rates are indicative rates only and are subject to change. The nominal rate per annum is the annualised interest rate that you will earn daily and is capitalised monthly, which is not adjusted for compounding interest. The annual effective interest rate is the true yearly return you earn on your savings, including compounded interest, which is the effect of interest being added to your savings balance over time (assuming that interest is not withdrawn). The effective annual interest rate is higher because you earn interest on the interest that has accrued.

Earn Old Mutual Rewards

The bank card that pays you back. Literally 

Get rewarded for the banking you already do.

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For Old Mutual Rewards members

 

  • • Instant cash back: Redeem Old Mutual Rewards points for cash in your App.
  • • Real choice: Use Old Mutual Rewards points to buy vouchers or airtime from 50+ partners.
  • • Effortless earning: Earn points with qualifying purchases.
  • • It’s free to join: Simply sign up for Old Mutual Rewards for free!

Start earning your Old Mutual Rewards

 

  • • Deposit a minimum of R2 500 per month into your OM Bank Personal Account (Debit Card);
  • • Make five virtual or physical card swipes; and  
  • • Just one outgoing transaction (payment, debit order).
  • • Keep your credit facility in good standing. 

Old Mutual Rewards | Earn rates

Pay with Credit Card (physical or virtual)Earn up to 1% on qualifying credit card spend (10% in Old Mutal Rewards points) with your OM Bank Credit Card
Pay with Debit Card (physical or virtual)Earn 0.25% on qualifying debit card spend (2.5% in Old Mutual Rewards points) with your OM Bank Debit Card
 

Deposits & withdrawals

 

Every ATM is your ATM for withdrawals

Withdrawing and depositing cash shouldn't be a mission. That’s why cash withdrawals are always within reach, at any ATM nationwide. We don’t charge you extra for using another bank’s ATM. You can also deposit and withdraw cash at Shoprite, Checkers, Boxer, and Pick n Pay nationwide.
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Deposits & Withdrawals | Rates and fees

Cash withdrawal at ATMR10 per R1 000 or part thereof
Cash withdrawal at till pointsR2
Cash deposit at till pointsR19.50 charged by the retailer
Cash withdrawal at ATM (international)R70
 

Value Added Services

 

One less thing to worry about

Why switch between Apps? Get all your life's essentials in one place. It's your daily life, simplified.

Features

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    Prepaid electricity: Buy your tokens instantly, 24/7. 
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    Data & airtime: Top up any network, anytime. 
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    Lotto and Vouchers: Purchase lottery tickets and vouchers straight from the OM Bank App.
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Value Added Services | Rates and fees

Buy electricityR1
Buy airtimeR0.50
Buy dataR0.50
Buy LottoR2
Buy vouchersR1
 

Your OM Bank Card

 

Shop the world. Securely 

From coffee shops to trips around the world, pay confidently with your OM Bank Debit or Credit Card. Open virtual cards for safer online shopping and earn Old Mutual Rewards on qualifying purchases.

Features

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    Global acceptance: Use your card at over 100 million Mastercard locations worldwide. 
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    Free virtual cards: Open virtual cards for safer online payments, at no extra cost. 

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    Earn rewards: Old Mutual Rewards members earn Old Mutual Rewards points on every qualifying purchase. 

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    Full control: Freeze your card, set spending limits, view and change your Card PIN in the App.

Om Bank Cards

OM Bank Card | Rates and fees

Card purchases (domestic)Free
Card purchases (international)Free
Currency conversion fee2.75%
 

Instant payments to other banks

 

Now made instantly affordable

Move your funds to other banks fast, without the punishing fees. Manage everything from instant transfers to debit order authorisations right from your App.

Features

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    Low-cost spend: Send money instantly to other banks.  
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    Secure & simple: All your electronic payments, managed in one secure place. 
Cards

Instant Payments to other Banks | Rates and fees

Real Time Payment (RTC/ Payshap)
Value R3 000 or belowFree
Value between R3 000 and R50 000R1
Value above R50 000R6
Electronic funds transfer (EFT) 
Value R3 000 or belowFree
Value above R3 000R1
Debit orders
Debit orderR3
 

A bank that's always getting better

 

This isn't just a vision, it's a plan. We're listening, learning, and building the features and products you've asked for.

Coming in 2026 

  • • More ways to grow: Competitive interest rates with new fixed and notice deposit accounts.
  • • Instant cash send: Send money using just a phone number.
  • • Expanded lending options: Access more ways to get credit when you need it.
  • • Tap to pay: Make virtual payments with Google Pay and Apple Pay. 
  • • Planning ahead: Schedule future and recurring payments easily.
  • • Send Money: Send cash instantly to anyone via mobile phone, redeemable at supported retailers.

Get in touch

Call us on  0860 OMBANK (662265)  or use the in-app chat function.

Need to report fraud or log a complaint?
Contact us at complaints@ombank.co.za

Tell us how we can do better
Contact us at service@ombank.co.za

OM Bank Ltd. is a member of the Corporation for Deposit Insurance, Authorised Financial Services Provider (FSP 54837) & Registered Credit Provider, NCR CP17317.  

Copyright © 2026 OM Bank Limited. All rights reserved.  

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