What are the requirements for CoINVEST?

This article will guide you through “What are the requirements for CoINVEST?”. Let’s get started:

Basic Requirements:

  • Age: You must be at least 16 years old to open a Coinvest Money Account. If you are under 16, you can open an account as a minor, but your account will need to be linked to a parent or legal guardian’s pre-existing Coinvest Money Account.
  • Nationality or Residency: You must be a South African citizen or permanent resident to open a Coinvest Money Account.
  • Valid ID: You will need to provide a valid South African ID document, such as a green ID book, smart ID card, or driver’s license. Your ID must not be expired.
  • Contact Information: You will need to provide your valid South African mobile phone number and email address.
  • Proof of Address: You will need to provide proof of your current South African residential address. This can be in the form of a utility bill, bank statement, or rental agreement.

Additional Requirements:

  • Completion of KYC (Know Your Customer) Process: You will need to complete the KYC process to verify your identity and prevent fraud. This process involves providing your ID document, taking a selfie, and providing additional information about yourself.
  • Acceptance of Terms and Conditions: You will need to read and agree to the Coinvest Money Account Terms and Conditions.

Opening a Coinvest Money Account:

To open a Coinvest Money Account, you can follow these steps:

  1. Visit the Coinvest website: Go to the Coinvest website (https://www.coinvest.africa/) and click on the “Open Account” button.
  2. Enter your details: Fill in the required information, including your name, ID number, contact information, and proof of address.
  3. Complete KYC: Upload your ID document, take a selfie, and provide additional information about yourself.
  4. Accept Terms and Conditions: Read and agree to the Coinvest Money Account Terms and Conditions.
  5. Create a password: Create a strong password for your account.
  6. Verify your email address: Check your email and click on the verification link to activate your account.
  7. Your account is now open: You can now log in to your Coinvest Money Account and start using it.

Additional Information:

  • Fees: Coinvest charges fees for certain transactions, such as ATM withdrawals, cash deposits, and international money transfers. You can find more information about fees on the Coinvest website.
  • Limits: There are limits on how much money you can withdraw and deposit per day and month. You can find more information about limits on the Coinvest website.
  • Customer Support: If you have any questions or problems, you can contact Coinvest customer support by phone, email, or chat.