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How do I verify my bank account on SatrixNOW?

You can have different bank accounts linked to your SatrixNow (one for your SatrixNow account, one for your TFSA account) and you may have already entered these details whilst registering your account.

You will need to have verified bank account details in order to access certain features like Recurring Investments and Withdrawals. 

When you registered and loaded your banking details, the details would have gone through an automated third-party verification process. Please allow 48 hours for this to be completed. 

If you do not bank with any of the below banks, or for some reason this verification process fails, please send us your latest copy of the bank statement or bank confirmation letter for us to manually have your account details verified.



Bank Name

UniversalBranch Code

AVSR

ABSA

632005

✓

Capitec

470010

✓

Discovery Bank

679000

✓

FNB

254005

✓

Investec

580105

✓

Nedbank

198765

✓

Sasfin

683000

✓

Standard Bank

51001

✓

You may do so by submitting a new ticket here

Please note, banking details need to be in the name and ID number of the SatrixNow account holder.

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Satrix Managers (RF) (Pty) Ltd (Satrix) a registered and approved Manager in Collective Investment Schemes in Securities and an authorised financial services provider in terms of the FAIS. Collective investment schemes are generally medium- to long-term investments. Unit Trusts and ETFs the investor essentially owns a “proportionate share” (in proportion to the participatory interest held in the fund) of the underlying investments held by the fund. With Unit Trusts, the investor holds participatory units issued by the fund while in the case of an ETF, the participatory interest, while issued by the fund, comprises a listed security traded on the stock exchange.

ETFs are index tracking funds, registered as a Collective Investment and can be traded by any stockbroker on the stock exchange or via Investment Plans and online trading platforms. ETFs may incur additional costs due to it being listed on the JSE. Past performance is not necessarily a guide to future performance and the value of investments / units may go up or down. A schedule of fees and charges, and maximum commissions are available on the Minimum Disclosure Document or upon request from the Manager. Collective investments are traded at ruling prices and can engage in borrowing and scrip lending. Should the respective portfolio engage in scrip lending, the utility percentage and related counterparties can be viewed on the ETF Minimum Disclosure Document. The Manager does not provide any guarantee either with respect to the capital or the return of a portfolio. The index, the applicable tracking error and the portfolio performance relative to the index can be viewed on the ETF Minimum Disclosure Document and or on the Satrix website.

Performance is based on NAV to NAV calculations of the portfolio. Individual performance may differ to that of the portfolio as a result of initial fees, actual investment date, dividend withholding tax and income reinvestment date. The reinvestment of income is calculated based on actual distributed amount and factors such as payment date and reinvestment date must be considered.

*Note exchange prices are delayed in accordance with regional exchange rules.South African prices are delayed by 15 minutes; North American prices are delayed by 15 minutes.