Which banks offer car licence disc renewal services?
Certain South African banks offer their clients the option to renew their car licences through the bank.
Each year, South Africans must renew their motor vehicle licence and obtain a new licence disc. Neglecting this can lead to fines or vehicle impoundment. Failure to renew your licence for four years or more will result in it lapsing. In this case, you will have to re-register the vehicle, which includes a roadworthy test.
In addition to government registration authorities and certain post offices, some banks provide their clients with the option to renew their car licences through the bank. Here are three banks that offer car licence disc renewals.
RENEW LICENCE: NEDBANK
You can renew your licence via Nedbank’s digital banking channels up to 21 days after the expiry date of your current licence disc. You will need the following documents:
- Your ID
- Proof of residential address
- Motor vehicle licence renewal notice (MVL2). If you do not have this, an Application for Licensing of Motor Vehicle form (ALV)
Nedbank clients can renew their licence discs on the Money app and also via online banking. To see the steps to follow on these platforms, visit Nedbank’s website.
Important: You can only renew the licence discs on vehicles that belong to you and are due for renewal in the next 2 months or within the 21-day grace period.
LICENCE RENEWAL WITH CAPITEC
Capitec clients can renew their licence discs via the banking app. After signing in on the app, select ‘transact’ and then ‘renew licence disc’. The app will only give you the option to renew licences for cars that are registered in your name, with a licence disc that expires within the next 3 months. The new licence disc will be delivered to your address within three to five business days.
The following fees apply:
- R72 transaction fee per vehicle
- R99 delivery fee per transaction
- R50 Capitec service fee per transaction
FNB
FNB customers can use the bank’s mobile app to renew their licence discs after loading their car onto the nav»Car platform and pay for the service using in-app using their bank account or credit card. Customers can also use eBucks.
“This service from FNB is offered in collaboration with the Road Traffic Management Corporation, with no paperwork, if you are the registered owner of the vehicle.”FNB
The platform also allows customers to get free vehicle value estimates, pay traffic fines, and take up comprehensive insurance and value-added products including stretch and dent protection and extended warranties, according to My Broadband.