SOWETO STOKVEL
Frequently Asked Questions
3 Soweto community members are appointed on voluntary basis to administer the Soweto Stokvel Account.
No, all 3 appointed members can only simultaneously electronically transfer dividends to members bank accounts when dividends are due.
Make sure you always use your membership number as a reference number when depositing money into the stokvel bank account, otherwise we will not know whom the deposit belongs to.
Your dividends are transferred to your bank account on the 1st week of December of every year that you have invested.
Yes, you can cancel anytime by simply stopping to contribute towards your investment.
No we don't have monthly meetings, discussions takes place on Stokiebook.
Yes, you can.
No, you cannot join.
You can join anytime during the year.
You can deposit your contribution to the Soweto Stokvel FNB Account Number in 3 ways:
- ATM Deposit using your membership number as reference;
- Online Deposit to the Soweto Stokvel FNB Account Number using your membership number as reference;
- By login to you profile on the Soweto Stokvel Portal on the CITY OF SOWETO and making payment using your membership number as reference.
You join by clicking "Get Started" button of the Soweto Stokvel on the CITY OF SOWETO website.
You can check the balance on the FNB App at anytime.
Yes, you can skip and contribute the following month, but this will have an effect on your dividends at the end of the year.
Excella is a membership for members who what to contribute different amounts every month.
The minimum period is 12 months and dividends are only distributed in December. When you start saving in the middle of the year you will get your dividends after you have completed 12 months contributing.
