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Financial Services

Helping you to manage your financial responsibilities

TEBA offers a selection of financial services tailored to your needs and the security of your family.

UBANK FACILITIES OFFER THE BANKING SERVICES YOU NEED, CLOSE TO YOU

As an authorised Ubank agent, TEBA has put a number of Ubank branches in place in TEBA offices that are close to mineworkers’ homes or places of work. At these TEBA offices you can conveniently access the following services:


Cash withdrawal in Rands or foreign currencies.


Alternative account options for your families.


Cash deposits.


TEBA is also permitted to open bank accounts for beneficiary payments and can provide a Paymaster function on request.

DEFERRED PAYMENTS

If you are a mineworker from Mozambique or Lesotho, TEBA offers you a choice of safe, quick and convenient ways to get your deferred pay at home.

CASH REMITTANCE SERVICES

Cash collection facilities are available at any rural or foreign TEBA office. So you can quickly and safely send cash from the TEBA office closest to your place of work to your families in rural and foreign communities with a TEBA office.

FUNERAL POLICY

Workers who have a TEBA industry number can apply for a funeral policy at discounted preferential premiums through The Best Funeral Policy Scheme. The policy is underwritten by Hollard. Tailored benefits include, but are not limited to:

A body repatriation benefit for deceased mineworkers.


No waiting period in the case of accidental death.


Cover for workers from 18 to 64 years of age.


Funeral benefits for up to five children.


Value-added benefits such as airtime, access to transport, and food.


A fixed premium that does not increase year-on-year.