Banking with Confidence: A Reminder of Your CODI Protection
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At Access Bank South Africa, we know that nothing is more important than the security of your money. That’s why we are proud to remind our customers that we are a product member of the Corporation for Deposit Insurance (CODI), a subsidiary of the South African Reserve Bank.
What Is CODI?
CODI was created to enhance trust and confidence in South Africa’s banking system. In simple terms, it ensures that if a bank is ever placed under resolution, qualifying deposits are automatically protected up to R100,000 per depositor, per bank. This coverage includes both principal and interest.
Who is a qualifying depositor?
A qualifying depositor is an individual or entity whose deposits fall within the categories protected by CODI, typically, deposits held in savings, current, or fixed deposit accounts in their personal or business name, as defined by CODI regulations.
The best part? Protection is automatic. You don’t need to register, apply, or pay extra fees. CODI is funded by banks, and not by depositors.
What This Means for You
By banking with Access Bank, you enjoy more than just innovative financial solutions, you gain the peace of mind that comes with knowing your deposits are secure. CODI membership guarantees:
- Automatic deposit protection with no extra steps required.
- Coverage up to R100,000, safeguarding your money if the unexpected happens.
- Peace of mind knowing your bank is part of a national system designed to protect depositors.
Access Bank: Your Trusted Deposits Partner
Our CODI membership is part of our wider commitment to providing customers with a banking experience built on trust, security, and long-term confidence. We go beyond promises to ensure that your money is safe, compliant, and protected under the highest regulatory standards.
When you bank with us, you’re not just choosing convenience and innovation, you’re choosing a partner that puts your financial security first.
The Bottom Line
Your deposits at Access Bank are protected. CODI membership reinforces what we’ve always stood for: a safe and secure place for your money.
You can find more information on CODI here.