Bidvest Bank Limited is a wholly-owned subsidiary of The Bidvest Group Limited, an international trading and services JSE-listed Company that operates on three continents. Bidvest Bank has an extensive history in foreign exchange that spans over 150 years through its long-standing Thomas Cooke association.
Your money, our business.
Our customers expect the best value for their money, and rather than make big promises, we’re the bank that delivers our highest customer expectations. As specialists in money management, we’re very conscious of our duty to look after your money in a responsible way. It’s just the way banking should be.
Vision:
To offer specialized uncomplicated banking quality in selected markets.
Company overview:
– We are a fully-fledged bank with a reputation as the market leader in the foreign exchange arena as well as fleet and asset finance.
– We have leveraged two leading brands in South Africa: The Bidvest Group and Rennies Foreign Exchange, to be the country’s leading specialist provider of travel foreign exchange services.
– With more than 150 years of involvement in foreign exchange in Southern Africa, we have the knowledge and expertise to understand your business with which to provide you with the best solutions.
– We focus on all major currencies through a correspondent global network. With over 100 branches nationwide, we are a leading seller of travelers’ cheques and foreign banknotes in South Africa, offering a range of innovative pre-paid currency cards supported by the international Visa network. We offer the convenience of 60 currencies worldwide available immediately.
– Our Fleet and Asset Finance service is a true one-stop shop. We can finance or lease. In addition, we can source, purchase, service, repair, insure, license, and sell your vehicle for you.
History by year:
– 1998- The Bidvest Group acquired the Rennies Group of which Rennies Foreign Exchange formed part of
– 2000- The Bidvest Group acquired a full banking license for Rennies Foreign Exchange and renamed it Rennies Bank
– 2007- The Bidvest Group announced the name change of its specialist banking business, Rennies Bank Limited, to Bidvest Bank Limited.
– 2008- Bidvest Bank started promoting its lending and deposit-taking capabilities and launched its flagship World Currency Card and FxPaynet foreign exchange products
– 2010- Bidvest Bank acquired McCarthy Fleet Solutions to form its Fleet and Asset Finance, division
Payoff line evolution:
2000- Rennies Bank- “Unlike any other bank”
2007- Bidvest Bank- “Let’s talk”
2008- Bidvest Bank- “The foreign exchange specialists”
2012- Bidvest Bank- “Your money, our business.”
Payoff line rationale
o Instead of being a bank that promises, Bidvest Bank is a bank that delivers
o Bidvest Bank specializes in managing “the money”
o Bidvest Bank speaks the language of money, that’s why it talks
o There is no better business relationship between the customer who expects the best value for their money and the bank that sticks to exactly that hence:
“Your money, our business.”
