Do Life Better with a
Money Account
A one-of-a-kind banking & innovative savings solution

Some of our branches remain closed, but our digital channels are always open.
Alternatively, you can call us for assistance on 0860 222 252.
A list of closed branches is available here.


One card for everyday banking, the same card for investing.

The Old Mutual Money Account is a one-of-a-kind banking account that gives you two accounts in one, a SWIPE account and a SAVE account, to help you do life better.

You decide how much you save, while we make sure you have options. Set a percentage of what you spend to automatically go into your SAVE account.

Up your financial gain and enjoy a range of added benefits, for as little as R4.95 a month. Get Rewarded for doing life better with Old Mutual Money account.
Money Account features and benefits

  • Unit trust savings account
  • Quick & easy transfers between accounts

  • Send Money to anyone with a valid South African mobile number

  • Pay other Money Account holders instantly with Quick Pay
  • Automatic savings with Swipe and Save
  • Affordable banking fees

The Old Mutual Money Account is a transactional savings account in South Africa.
Spend Smarter
  • Activate and fund your Money Account, in minutes
  • Tap and Pay
  • Shop online
  • Easily transfer money from your SWIPE account to your SAVE account
  • Make instant payments to other Money Account-holders
  • Turn your card “on” and “off” when it’s not on you

...and enjoy a range of benefits that make it safe, affordable and convenient to transact.

With the Money Account, you can use your SWIPE account to transact.
Get Saving
  • Unit Trust savings: Your SAVE Account is linked to the Old Mutual Money Market Fund, so you don’t just earn interest at a flat rate. This unit trust has never had a negative return since it started, and the likelihood is that you will save more, faster.
  • Free and easy transfers: With an Old Mutual Money Account, you’re in control of your finances. So, you can transfer money into your SWIPE account to spend it if you’d like, doubling it up as a “rainy day” fund.
  • Automatic savings: You’re in control of how much you save. You can either set a percentage of what you swipe (to automatically go into your SAVE account) or set a monthly savings amount.

The Money Account is designed to help you grow your savings.

With the Money Account, you can use your SAVE account to invest and earn interest.
Secure Digital Banking
  • Buy electricity, data and airtime
  • Make payments and manage beneficiaries
  • Quickpay other Money Accounts for free
  • Transfer funds between SWIPE and SAVE accounts
  • Turn your card on & off

With the Old Mutual Banking App, cellphone banking, and internet banking, you can manage your money from anywhere, anytime.

Using the Old Mutual Money Account lets you manage your money, anywhere and anytime.
Earn points as you bank

With your Money Account, you’ll earn Old Mutual Rewards points when you spend! You will get pushed up a tier for every month you make five payments (over R100 each) and run a debit order or maintain balance of at least R50,000 throughout the month in your SAVE account . What are you waiting for? Join Old Mutual Rewards and start getting more when you spend.

A young man spends time outdoors being active.
Open a Money AccountYou can open a Money Account in one of two ways:
Learn more
Need to know more?Take a look at our frequently asked questions.