OM Bank review
Updated October 12, 2026 · SumCue Editorial Team
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Our verdict
OM Bank is everyday banking shaped for real life in South Africa. It serves households wanting banking beside life cover, borrowing, investments and planning advice with budgeting views, learning courses and app access gathered in one place for daily money goals.
Key facts
- Best for
- Everyday banking with planning tools for South African households
- Access terms
- Savings accessed on demand via OM Bank App; 'Pay Me First' auto-saves a set percentage of income↗
- Monthly fee
- ZAR 0↗
- Account kind
- Easy access↗
- Legal entity
- OM Bank Ltd↗
- Headquarters
- South Africa↗
- Support channels
- Phone, Chat, Email, Help-centre↗
- Pricing model
- No monthly fee
- Official website
- oldmutual.co.za
Mortgages
- Product fee
- ZAR 4.95↗
Facts checked September 26, 2026, 2 sources
Apps and profiles
- Get the app
- Google Play
Pros and cons
Pros
- Banking shaped for real life for South African households
- Budgeting views showing income, spending and net worth together
- Money courses across beginner, intermediate and advanced topics
- App access gathering banking with wider financial solutions together
Cons
- South African focus with no wider country coverage stated
- Wide financial scope means banking sits beside many other needs
Who it suits
- Households in South Africa managing daily money and future goals
- Learners wanting structured budgeting help and money courses
Who should look elsewhere
- People wanting banking separate from wider planning tools
How OM Bank compares
Where OM Bank is available
- Available
- South Africa
- Licence in South Africa
- Financial Services Board (South Africa) (FSP 54837), checked September 26, 2026
- Licence in South Africa
- National Credit Regulator (South Africa) (NCR CP17317), checked September 26, 2026
Countries from the brand (Source, checked September 26, 2026)
Frequently asked questions
Who can join OM Bank?+
The introduction welcomes a broad audience and speaks to different life stages and goals. It centres on households in South Africa comparing everyday money options. Banking sits beside cover, borrowing, investments and advice for today and tomorrow.
What products does the wider offer cover?+
The range spans life cover, vehicle and household protection, borrowing, investments and planning advice. OM Bank provides banking shaped for everyday life within that wider choice. Budgeting views and money courses support saving, investing and debt control alongside core products.
Where is OM Bank focused?+
The focus stays firmly on South Africans and everyday financial needs across South Africa. Banking messages, household examples and planning goals reflect that clear national audience. Wider country coverage stays outside the described offer for everyday households.
How is banking accessed through the app?+
Banking and wider solutions are gathered together for viewing in one place through app access. The app is offered through major app stores for different devices with install guidance. Connected tools add budgeting views and money courses for daily control.
Does OM Bank charge a monthly fee?+
The monthly fee at OM Bank is ZAR 0. (Source, checked September 26, 2026)
Which company operates OM Bank?+
OM Bank is operated by OM Bank Ltd. (Source, checked September 26, 2026)
Where is OM Bank based?+
OM Bank is based in South Africa. (Source, checked September 26, 2026)
How can I contact OM Bank support?+
OM Bank offers support through Phone, Chat, Email, Help-centre. (Source, checked September 26, 2026)
Sources
- ombank.co.za checked September 26, 2026
Backs: Access terms, Account kind, Headquarters, Legal entity, Pricing model, Monthly fee, Support channels, Licences
“'Pay Me First' automatically saves a percentage you set of your income, adapting for when you earn less or more”
- ombank.co.za/bank checked September 26, 2026
Backs: Product fee
“Personal Account: Get a Personal Account from just R4.95 a month and a Savings Account with zero monthly fees.”
Compiled from 2 source pages, checked October 13, 2026. We did not open an account.
Not confirmed yet: Headline rate, Rate type, Term, Minimum deposit, Deposit protection.