South Africa has a colourful spirit. Wherever you go you will come across people working together for a better future. This is the spirit of the Postbank Bakgotsi account.
The Bakgotsi account is a special book-based account developed for groups such as clubs, stokvels and societies. The Bakgotsi account helps these groups reach their saving potential and keeps their money safe while it accumulates interest.
To open a Bakgotsi account a group must have a constitution or written declaration of goals. Three authorised signatories are required on the account, and two signatories must always be present when making withdrawals. This makes the Bakgotsi account safe especially when money is withdrawn from the account.