Get Stokvel Membership Application Form

Your South African ID (or passport if not an SA citizen) A recent payslip. Proof of residence not older than 3 months.

Open an account with the etfSA Investor Plan, in the name of the Club/Stokvel. ... o The authorised representative must keep a register of all members of the Stokvel/Club, with their ID numbers and contact details.

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Gather personal information like date of birth, phone number and mailing address. Describe the application process and any membership requirements. Provide information about membership levels. Tell them all about membership benefits. Explain membership fees and payment options.

How do I open a Stokvel Account? For existing Nedbank clients: Dial *120*001*STOKVEL# (7865835) and follow the USSD instructions. If you are an existing Nedbank Club Accountholder, you need to complete the Stokvel Insurance Declaration and member form and accept the Stokvel Account terms and conditions.

Gather personal information like date of birth, phone number and mailing address. Describe the application process and any membership requirements. Provide information about membership levels. Tell them all about membership benefits. Explain membership fees and payment options.

Decide on the type of stokvel and the rules. Recruit members from your inner circle. Open a stokvel account. All major banks in South Africa have stokvel accounts. Put money in. Reap the rewards.

Members of stokvels are free to create their own constitution which will regulate its composition; the reasons for which the money collected is to be used; who will be the treasury; where the money will be invested and so on. ... The money is then invested and paid out to each member on a rotational basis.

A minimum of R100. A valid South African identity document or card, or permanent resident permit for each member. A copy of your stokvel's constitution. Proof of your stokvel's address. Proof of address for each member of the stokvel (eg a phone bill).