South African shoppers have a brand new way to deposit cash into their accounts. The Shoprite group announced today, March 3 that Customers are now able to deposit cash directly into their bank card at the till point in any Shoprite, Checkers or Usave store around the country.

Together with other established in-store services like cash withdrawals, money transfers, and bill payments, this new functionality means shoppers can now perform most basic banking tasks at all supermarkets within the Shoprite Group.

Each of the almost 1 700 ShopriteCheckers and Usave supermarkets located throughout South Africa will be able to process these transactions during their normal operating hours.

As these stores are typically open outside of normal banking hours – and over weekends – they are significantly more convenient than traditional banking outlets.

“Cash deposits at till point offer a new level of convenience and safety for our customers, many of whom earn their wages in cash, and live in rural or remote areas without easy access to ATMs,” said Jean Olivier, General Manager: Financial Services for the Shoprite Group.

Cash deposits of up to R3 000 can be made at any Shoprite, Checkers or Usave till point – at a flat rate of just R19.95 per transaction – for the following major banks in South Africa:

  • Nedbank
  • FNB
  • Investec
  • Standard Bank
  • African Bank
  • Tyme Bank
  • Discovery Bank
  • Bidvest Bank
  • Sasfin
  • Grobank

In order to make the deposit, customers simply have to present their Visa or MasterCard card at any till point, along with the cash they want to deposit, enter their PIN, and the cashier will handle the rest.

Together with a range of in-store Money Market services, this new functionality means we’re now able to process an even greater number of financial transactions, making our supermarkets a real one-stop-shop,” Olivier added.

Picture: Shoprite Holdings

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