OM Bank. A new home for your money.

Download the OM Bank app and move your money to its new home. Move to the bank with no hidden fees, helpful financial nudges, insights, and so much more.

Brought to you by Old Mutual: building prosperity for 180 years

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Move your money to its new home and choose the bank that’s always on your side

Saving made easy
Earn a nominal interest rate of up to 6.75% per year* with an effective interest rate of up to 6.96% per year* on your savings account. Enjoy features like setting goals, automated deposits and so much more.
Reach your goals and dreams
No hidden fees
Know everything you’re paying for upfront - 100% transparent, always. 
Credit and debit banking cards
Real-time insights and helpful nudges
personalised spending
Affordable banking
Get a pay-as-you-use bank account for just R4.95 per month - because your money should work for you.
Smart budgeting graph
Get fast credit decisions
Get credit decisions quickly in the palm of your hand.
Personalised spending insights

*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interest which is the effect of interest being added to your savings balance over time (assuming that interest is not withdrawn).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.

Your new home is constantly evolving and growing to meet your needs


Coming soon

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    More ways to grow: Competitive interest rates with new fixed and notice deposit accounts

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    Expanded lending options: Access more ways to get credit when you need it

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    Tap to pay: Make virtual payments with Google Pay and Apple Pay

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    Lotto: Purchase Lotto tickets directly from the App

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What’s inside the app

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Insights to drive financial progress

My Mobile Banker - your very own personal banking assistant in your pocket.
  • - Clear snapshot of your finances
  • - Pain-free budgeting
  • - Simple goal setting
  • - Automatic spend tracking
  • - Alerts and timely reminders
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Rewards for simply swiping

OM Bank powers your spend.
  • -Earn 1% on qualifying credit card spend
  • -Earn 0.25% on qualifying debit card spend
  • -Exchange points for cash
  • -Redeem points for vouchers, airtime and more
To qualify, all you need to do is:
  • -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.
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Start saving for tomorrow, today

Whether it's that overdue holiday or a new car - save smart and make it happen. 
  • -Earn a nominal interest rate of up to 6.75% per year* with an effective interest rate of up to 6.96% per year* on your savings account
  • - Easily access your savings when you need them 
  • - Stay on track by setting goals 
  • - Boost your savings with a Pay Me First, a feature that automatically transfers a set percentage of every payment you receive into your chosen savings account.
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Instant payments to others made easy

Real-time payments under R3 000 is totally free. Real-time payments between R3 001 to R50 000 at only R1. Real-time payments above R50 000 at only R6.
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Simple, easy, efficient

  • - Sign up in minutes directly from your phone
  • - Say bye-bye to paperwork
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Affordable banking

Get a pay-as-you-use bank account at affordable rates - because your money should work for you. 
  • - Personal Account from just R4.95 per month
  • - Personal Account with a credit facility from just R69 per month, plus a R4.95 monthly account fee
  • - A Savings Account that is free (zero monthly account fees)

*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.

Move to your money's new home in 4 easy steps

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Download the OM Bank app

Download on Android

Download on Apple iOS

Download on Huawei

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Sign up in just a few minutes

Launch the app and complete the required steps to create your banking profile in minutes.

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Collect your

card

Physical cards can be collected at any Old Mutual branch in South Africa.

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Close your Money Account

Conveniently move your funds from your Money Account to your OM Bank Account through the OM Bank app.

Rates and fees

Product fees
Monthly account feesR4.95
Credit initiation feeFree
Monthly Credit Facility service FeeR69
Cash
Cash withdrawal at ATMR10 per R1 000
Cash withdrawal at till point/ POSR2
Cash deposit at till point/ POS Retailer dependent
Cash withdrawal at ATM (international)R70
Currency conversion fee 2.75%
Purchases
Card purchases (domestic)Free
Card purchases (international)Free
Currency conversion fee2.75%
Digital payments
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 orderR3
Value-added services
Airtime & dataR0.50
ElectricityR1
Bill paymentsR1
Services
Balance check ATM (including international)R10

 

Your top questions, answered



Yes, and it's super easy to do online. 
You can complete your FICA in just a few minutes using selfie verification, which is securely linked to the Department of Home Affairs. You’ll also be able to upload your documents digitally - quick and hassle-free! 



You’re in control! You can choose to move your savings to OM Bank.



You can keep using your Money Account until June 2026. You can now switch your salary and debit orders to OM Bank.



Yes, download the OM Bank app and sign up as a new customer. The app will recognise you as a Money Account client and you can initiate the closure of your Money Account right from the app.

Download on Android

Download on Apple iOS

Download on Huawei



Withdraw or deposit cash at any ATM nationwide, or pop into Shoprite, Checkers, Pick n Pay, or Boxer. Remember to be aware of your surroundings and keep your card pin private whenever you withdraw cash.



You’ll need to follow the official closure process - it won’t close automatically if you decide to move to OM Bank. But you can initiate closure in the OM bank app or in the branch. 



No worries - you’ll still be able to claim your funds through an unclaimed funds process after Money Account shuts down. But you won’t be able to transact on your money account. For the unclaimed funds process, customers can log a request for unclaimed Old Mutual Money Account funds at the Old Mutual retail branches, by calling the Money Account Customer Call Centre 0860222252, or emailing the Money Account Support team at MoneyAccountSupport@oldmutual.com. You will need to provide your ID document and an account confirmation letter for the bank you wish to move your money to.



We’re evolving! OM Bank is the next step - smart, digital, and built for South Africans, backed by Old Mutual’s 180-year legacy.



Not at the moment, but OM Bank offers a zero monthly fee savings account with an attractive interest rate
  • Nominal interest rate of up to 6.75% per year*
  • Effective interest rate of up to 6.96% per year*

*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.


No dedicated ATMs, but you can still use any ATM or visit Shoprite, Checkers, Pick n Pay, or Boxer for cash services.



Yes! Visit a branch for help with the app or to collect your OM Bank card.



For security and control, you’ll need to move your salary and debit orders yourself.



You can! If you're switching to a bank outside Old Mutual, you’ll need to close your Money Account at a branch.



Call 0860 222 252, email moneyaccountsupport@oldmutual.com or visit your nearest branch.



Call us on 0860 OMBANK (0860 66 2235). Already onboarded? Use the chat feature in the app to talk to our friendly team.

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.  

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