Debit Cards
Simplify your finances: MG Silver Prepaid Debit Card
You don't have to pay the high fees charged by traditional banks to benefit from the services of a secure debit card. Read on and learn more!
Advertisement
MG Silver Prepaid Debit Card: enjoy discounts at select merchants
MG Silver Prepaid Debit Card is your chance to have a great card without the fees charged by traditional banks!
MG Silver Prepaid Debit Card: check out how to apply!
Apply to MG Silver Prepaid Debit Card and get access to a cheap debit card with many perks, travel benefits and much more!
Further, find out how this card can make your life or company easier. Understand more!
| Monthly Income | Any income; |
| Monthly Fee | R0 (for individual customers); |
| Initiation Fee | Not specified; |
| Interest Rate | None; |
| Rewards | MG Plus: discounts on flights and hotels, stores and partner establishments, mobile top-ups, bill payments, online purchases, and rewards. |
MG Silver Prepaid Debit Card: learn more about this financial product
With the MG Silver Prepaid Debit Card, companies and individuals have an excellent tool to manage their money.
Thus, this is a debit card free of the hefty fees of traditional bank cards.
Companies can issue these cards to their employees. Thus, the issuance of payroll payments can become extremely simple, safe, and fast. Individuals can also rely on this card.
Thus, they will be entitled to store up to R100,000 and make daily withdrawals of up to R5,000 at ATMs.
This card is accepted worldwide for purchases online or in physical stores.
You will be redirected to another website
MG Silver Prepaid Debit Card features
Indeed, debit cards can be excellent for anyone looking for a safe and inexpensive way to store and use their money.
However, these products may contain limitations that you need to be aware of. Below, find out the main advantages and discounts of this silver card!
What are the benefits?
- Accumulate up to R100,000 on the same card without paying fees;
- Accessible to all: The card boasts a 100% approval rate for new customer applications;
- No bank account necessary: You can start using the service without having a bank account;
- Nationwide usage: You can use the card in any virtual or physical establishment that accepts Mastercard debit cards nationwide.
And what are the drawbacks?
- Fee information not disclosed: There is no available information on fees charged to customers;
- Daily ATM withdrawal limit of up to R5,000;
- No interest on positive balances: Unlike competing cards, the money accumulated as a positive balance on this card does not earn any interest;
- Not suitable for building credit: This card is not designed to assist in building your credit.
What are the requirements to apply?
Indeed, companies and individuals can apply for this card. In the application process, you must present FICA documents. Below is a list of these!
For individuals
- South African identity document or passport;
- Proof of address, such as a utility bill or bank statement (not older than three months);
- Proof of income, such as a payslip or bank statement.
For companies
- Certificate of incorporation;
- Company resolution to open an account;
- Details of directors and signatories;
- Proof of address of the company, such as a utility bill or bank statement;
- Proof of address of directors and signatories.
How does the application process work?
Indeed, you can apply for this debit card without leaving your home. To do so, learn about the process for applying for this card step by step. See the following post!
MG Silver Prepaid Debit Card: check out how to apply!
Apply to MG Silver Prepaid Debit Card and get access to a cheap debit card with many perks, travel benefits and much more!
Trending Topics
6 strategies to make money online in South Africa
Leave the games and infinite timeline of your social network and learn how to make money online in South Africa. Tips to get started today!
Keep Reading
Apply for the War Veteran’s Grant: find out how
Apply to War Veteran's Grant and automatically increase your annual income by at least R24,000! Understand how to apply for this federal aid!
Keep Reading
NedBank SAA Voyager Gold Credit Card: check out how to apply!
Apply to NedBank SAA Voyager Gold Credit Card and earn miles to redeem for airline tickets and get 50% off movie tickets. Know more!
Keep ReadingYou may also like
FNB Premier Credit Card full review: should you get it?
Have you ever thought about traveling anywhere with up to 40% off? With the FNB Premier Credit Card, you enjoy this and other advantages!
Keep Reading
Iemas Purchase Debit Card full review: should you get it?
Apply to Iemas Purchase Debit Card and understand how simple it is to have up to 3.5% cashback in more than 12,000 stores.
Keep Reading
South African Airways: cheap flights and offers
Learn the best resources and tips for finding cheap South African Airways flights online without ever leaving home. Learn more!
Keep Reading