Published: 2026-05-20 | Last updated: 2026-05-20
Funding your OM Bank account is straightforward and designed to work through multiple channels. Because OM Bank is a fully licensed commercial bank, it participates in South Africa's National Payment System (NPS), which means you can receive EFT payments, salary deposits, and debit orders just like any other bank account.
Method 1: EFT Transfer from Another Bank
The most common way to top up an OM Bank account is by transferring funds electronically from an existing account at another South African bank.
How to EFT into your OM Bank account:
- Log in to your existing bank's internet banking or app.
- Add OM Bank as a new beneficiary using your OM Bank account number and the bank's branch code.
- Enter the amount you want to transfer.
- Confirm the transfer — funds typically reflect in your OM Bank account within 1–2 business hours for same-day EFT.
- You will receive an in-app notification confirming receipt of funds.
Your OM Bank account number and routing/branch code are available in the app under the "Account Details" section.
Method 2: Salary or Payroll Deposit
If you want to receive your salary directly into your OM Bank account:
- Provide your employer's payroll department with your OM Bank account number and branch code.
- Request that your salary be paid into OM Bank from the next payroll cycle.
- Your salary will reflect on your OM Bank account on your normal pay date.
Using OM Bank as your primary salary account also activates the Pay Me First savings feature — a pre-set portion of your salary is automatically swept into your savings account before you begin spending.
Method 3: Cash Deposit at an Old Mutual Branch
For customers who receive cash and need to deposit it into their OM Bank account, cash deposits can be made at any Old Mutual branch with banking facilities.
- Visit your nearest Old Mutual branch.
- Approach the banking counter and request a cash deposit into your OM Bank account.
- Provide your OM Bank account number and a valid ID.
- Deposit the cash — the teller will provide a receipt.
- Funds reflect in your account within one business day.
Method 4: Debit Order Setup
OM Bank supports debit orders, allowing you to set up automated recurring payments from your account. You can also receive debit orders (collections) into your account if you are owed regular payments. Debit order management is available via the OM Bank app.
DebiCheck — South Africa's authenticated debit order system — is planned for OM Bank to ensure all debit orders are pre-verified and authorised by the account holder, protecting against fraudulent debit orders.
Comparison of Deposit Methods
| Method | Speed | Cost | Best For |
|---|---|---|---|
| EFT from another bank | 1–2 hours (same-day) | Fees depend on sending bank | Regular top-ups, transfers from existing accounts |
| Salary deposit | On pay date | Typically free from employer | Primary account holders, salary earners |
| Cash deposit at branch | Same/next business day | Branch cash deposit fee may apply | Cash recipients, informal sector workers |
| Debit order receipt | On scheduled date | No receiving fee | Regular income, recurring payments |
Managing Your Account Balance
OM Bank's app provides real-time account balance information, transaction notifications, and spending analytics:
- Instant push notifications for every transaction.
- Spending tracker showing categorised expenditure.
- My Mobile Banker AI assistant for personalised budget insights.
- Savings goal tracking to monitor progress toward specific financial targets.
- Pay Me First settings to configure the automatic savings sweep percentage.
FAQ on Deposits
Is there a maximum deposit limit? Standard FICA transaction monitoring applies. For large deposits, OM Bank may request supporting documentation per FICA requirements. Contact OM Bank at 0860 662265 for limits applicable to your account tier.
How do I find my OM Bank account number? Your account number is visible in the OM Bank app under "Account Details" or "Profile". It is the number you provide to third parties for EFT payments and salary deposits.
Does OM Bank support instant EFT (Pay Fast, Ozow)? Check the current OM Bank feature list in the app — instant EFT gateway compatibility depends on OM Bank's integration with payment processors. Contact support for the latest status.