Capitec Bank Audit Confirmation Instructions

Published: 08/03/2024

Capitec Bank South Africa's Form Setup Instructions

Depending on how information can be extracted from the bank systems, a form can be set up in 2 ways:

Individual account basis
The bank can only extract form details on an individual account basis. Auditors will therefore need to set up each account number as a separate form of the form type.
Entity wide basis
The bank can extract form details on an entity-wide basis. Auditors can therefore send a single form of the form type using a main account number. As information is supplied on an entity-wide basis all other account numbers do NOT need to be supplied.

Form Type	Form Description	Setup Instructions	Accepted Accounts
ZA - Asset	Provides information on balances, Interest, collateral/security/facilities. Note: The bank will provide overdraft information on the ZA - Asset form. An asset account is typically a current; cheque; deposit; saving; or investment etc.	Individual account basis A separate ZA-Asset form needs to be set up per account number.	Deposit Accounts Investment Accounts
	Click here for a detailed explanation of the ZA - Asset Form
ZA - Liability	Provides information on balances, Interest, borrowing agreements, covenant details, collateral/security/facilities. Note: The bank will provide overdraft information on the ZA - Asset form. Only send a ZA - Asset form and not a ZA - Liability form for an account number that has an overdraft attached. A liability account is typically loans; advances etc.	Individual account basis A separate ZA-Liability form needs to be set up per account number.	Loan Accounts
	Click here for a detailed explanation of the ZA - Liability Form
ZA - Contingent Liabilities & Guarantees	Provides information on written guarantees and other contingent liabilities.	Entity wide basis Only need to set up one form, with a main account number.	Deposit Accounts Investment Accounts
	Click here for a detailed explanation of the ZA - Contingent Liabilities & Guarantees Form
ZA - Signatories	Provides a list of authorised signatories on the client account and documentation with regard to the power of attorney.	Individual account basis A separate ZA - Signatories form needs to be set up per account number.	Deposit Accounts Investment Accounts
	Click here for a detailed explanation of the ZA - Signatories Form
ZA - Letter of Credit	Asks questions in relation to a letter issued by a bank to another bank to serve as a guarantee for payments made to a specified person under specified conditions.	Entity wide basis Only need to set up one form, with a main account number.	Treasury
	Click here for a detailed explanation of the ZA - Letter of Credit Form
ZA - Derivatives	Provides information on foreign exchange contracts and other derivative positions etc. This information is supplied on an entity basis.	Entity wide basis Only need to set up one form, with a main account number.	Treasury
	Click here for a detailed explanation of the ZA - Derivatives Form

Note: Authorisation is required from only one client signer. Please confirm with the client and client relationship manager which accounts require more than one signer.

Kindly be advised that you need to initiate requests via the Confirmations platform as Capitec Bank no longer complete requests manually.

Instructions:

The below guide highlights Capitec Bank's specific instructions on accepted form types and how to set up the different form types for relevant bank accounts.

Capitec Bank's Accounts

Account Name	High Level Overview	Account Prefix
Current	Cheque account which can have an overdraft	100,101,102,105 (Non-resident account 109)
Discoverer - Current	Cheque account which can have an overdraft	130,131
Professional Banking - Current	Cheque account which can have an overdraft	140,1402, 1406,1407, 1408
Savings	Minimum balance R50.00	150,155 (Non- resident account 159)
In house account	In house settlement / finance account	160, 161, 162
Savings	CSDP / Custodial savings accounts	180, 190
Private Banking- Current	Cheque account which can have an overdraft	110 (Non-resident account 119)
Call	Minimum balance R1,000.00	400 (non-resident account 409)
Notice Deposit	Minimum balance R5,000.00	410 (non-resident account 419)
Fixed Deposit	Minimum balance R5,000.00	420 (non-resident account 429)
Lisa Grow	Minimum balance R5,000.00	430 (non-resident account 439)
Negotiable		440
Datum		450
Promissory		460
Prime Grow		470
Forex	Foreign transaction account	4000 (non-resident account 409)
Money Market	1 Day notice	480
Mortgage Bond		25,26,70 - 76
Instalment Finance		23
FEC		169