Rental Deposit Investment

Use our Deposit Investment product to invest rental deposits with peace of mind that it is compliant with Rental Housing Act (RHA) regulations.

Open your Investment Account

Benefits

For Tenants For Landlords For Estate Agents

Tenants

Did you know that the Rental Housing Act (RHA) of South Africa requires all rental deposits to be invested in a separate interest bearing investment account and at any point in time you can ask your landlord for proof of where your deposit is invested and how much interest it has earned?

Benefits

Rental Deposit Investment accounts at GraceNineteen earn indicative 8.95% for deposits above R10 000 and 8.25% for deposits below R10 000, rates are subject to change with respect to SARB changing the repo rate.
Protected against no deposit balance refund.
Protected against deposit refund delays as you are supposed to be refunded within 7-14 days of the property restoration, in accordance with the RHA.
Protection from unfair deductions on your deposit.
Visibility of your deposit balance and interest earned.

How it works

1

Sign up and complete your personal details.
2

In the Products menu under the Deposit Investment section click 'Activate'.
3

Read and agree to the Investment Mandate allowing GraceNineteen to manage the deposit on behalf of yourself and your landlord.
4

Read and agree to the T&Cs which stipulate both yours and your Landlord's rights to the rental deposit as per the RHA. Your landlord will need to agree to the same.
5

We will open your deposit investment account at Investec Bank, you will be notified to log into the GraceNineteen system to view the account details so that you can make the deposit payment.
6

Your landlord or Estate Agent will receive payment confirmation.

Open your Investment Account

Landlords

Did you know that the Rental Housing Act (RHA) of South Africa requires all rental deposits be invested in a separate interest-bearing account and at any point in time, your tenant can ask you for proof of where their deposit is invested and how much interest it has earned? Your tenant's deposit should never mix with your personal finances.

Benefits

Rental Deposit Investment accounts at GraceNineteen earn indicative 8.95% for deposits above R10 000 and 8.25% for deposits below R10 000, rates are subject to change with respect to SARB changing the repo rate.
There is no need for you to worry about looking for an RHA and PPRA compliant investment account for your Tenant's rental deposit. This product solves that requirement.
Transparency and peace of mind for yourself and your Tenant that their deposit is compliant.
Get peace of mind on the type of a tenant that will be staying in your property as all tenants in our platform are screened against sanction and AML watchlists and adverse media in accordance with the Financial Intelligence Centre Act 38 of 2001
There is no bulking of Rental Deposit investment accounts. Each Tenant has their own rental deposit investment account.

How it works

1

Sign up on our system.
2

Add the property address
3

Add the Lease details
4

Read and agree to the T&Cs which stipulate both yours and your Tenant's rights to the rental deposit as per the RHA.
5

Your Tenant will receive an invitation to create a Deposit Investment account.
6

Our system will perform FICA screening and verification of your Tenant.
7

Your Tenant pays the deposit into the Deposit Investment Account and our system notifies you of this transaction.
8

If you need to claim from the deposit at the end of the lease - if anything is broken or there is any money owing to you on your Tenant's account - simply send us a quote of what is broken or owing and we will make payment directly to you.

Estate Agents

If you are looking for an alternative RHA and PPRA compliant way to invest rental deposits for your tenants, this product is for you.

Benefits

Rental Deposit Investment accounts at GraceNineteen earn indicative 8.95% for deposits above R10 000 and 8.25% for deposits below R10 000, rates are subject to change with respect to SARB changing the repo rate.
Save fees and administration by using our Deposit Investment product as an approved alternative to operating a Trust account.
Save on audit and book-keeping expenses you would incur from operating a Trust account. Our Deposit Investment accounts are audited and compliant with the FSCA.
Save on FICA admin and costs and let us screen your Tenant in accordance with the Financial Intelligence Centre Act 38 of 2001, which includes sanction and AML watchlists and adverse media.
Transparency and visibility of deposit balances across your portfolio.
There is no bulking of Rental Deposit investment accounts. Each Tenant has their own rental deposit investment account.

How it works

1

Onboard with GraceNinteen, we will need to perform FICA on your Real Estate agency.
2

Sign our onboarding agreement.
3

Add your agency's branches and their respective agents on our platform.
4

Agents add the Properties under their management.
5

Agents add Lease details for these Properties.
6

Agents can agree to the Rental Deposit T&Cs on behalf of the Landlord. This stipulates both the Tenant and Landlord's rights to the rental deposit as per the RHA.
7

Our system notifies the Tenant to sign up and create their Deposit Investment account.
8

Agent, Landlord and Tenant are notified when the deposit payment is made into the deposit investment account.
9

If you need to claim from the deposit at the end of the lease - if anything is broken or there is any money owing to you on your Tenant's account - simply send us a quote of what is broken or owing and we will make payment directly to you.

Estate Agent Onboarding

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Agency

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Frequently Asked Questions

What is GraceNineteen's aim?

Our aim is to provide relevant financial products to assist tenants to begin their property rental journey and to further support them in their journey of becoming first time homeowners.

For landlords, we aim to support them with our financial products to add to their efficiency and compliance in the management of their rental properties.

What does each of GraceNineteen's products do?

Rental Deposit Investment Product - Ensures that rental deposits are invested and managed as per the Rental Housing Act (RHA). Tenants are protected against no deposit refunds, delayed deposit refunds, inadequate interest earned on rental deposits and unfair deductions on rental deposits. This product also helps tenants to start thinking of their rental deposits as part of their investment portfolio.

Landlords do not have to worry about the admin of opening and managing tenant’s rental deposit investment accounts as prescribed by the Rental Housing Act (RHA), our Deposit Investment Product takes care of that.

Rental Deposit Lending Product - Provides financial support to assist tenants with deposit shortfalls. This product links to our deposit investment product so that a tenant is still protected even when they fund their rental deposit with a loan.

Future Home Buyer Product – Enables individuals to save towards the buying of their first home, or an investment property. It helps people flag the vision of buying their own homes very early in their financial journey.

Where does GraceNineteen invest the rental deposits?

All rental deposits with GraceNineteen are invested with Investec Bank.

What are the GraceNineteen fees?

Once-off Onboarding fee = R63, paid upfront by the tenant.

Rental Deposit Investment admin fee = 1.5% (exclusive of VAT) paid yearly by the tenant.

Rental Deposit Lending fee = TBC

Future Home Buyer fee = TBC

What documents are required to activate the Rental Deposit Investment Product?

Proof of identity - does not need to be certified for S.A citizens and can be uploaded as a picture. Must be certified for foreign nationals.

Proof of address - not older than 3 months. If it is a lease agreement, it should not be older than 1 year. Must be certified for foreign nationals.

How do I activate a Deposit Investment Product?

Go to app.gracenineteen.com to activate your deposit investment product. Should you encounter any issues, please reach out to our support team on support@gracenineteen.com. You can also click here to watch a tutorial video.

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Reach us on Whatsapp

(+27) 083 359 5913

Home Deposit Loan Product Deposit Investment Product Disclaimer

4th Floor New Building, Investec Bank, 100 Grayston Drive, Sandton, 2196, South Africa

Grace Deposits Protection (Pty) Ltd, t/s GraceNineteen, is an authorised lender, NCRCP17954 and under the FAIS Act, GraceNineteen is a Juristic Representative of CAEP Asset Managers Pty Ltd, FSP 33933.

Please click here to view the Statutory Disclosure Notice to see financial services products that Grace Nineteen is permitted to offer.

Rental Deposit Investment

Benefits

Tenants

Benefits

How it works

Landlords

Benefits

How it works

Estate Agents

Benefits

How it works

Estate Agent Onboarding

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