Teba Bank has a unique structure as it is wholly owned by a Trust, managed jointly by the National Union of Mineworkers (NUM) and Chamber of Mines, whose beneficiaries are the customers of the Bank.

Teba Bank received its banking license in July 2000, having operated under an exemption of the Banks Act since 1976. Teba Bank is also an authorised financial services (FSP No. 14740) and credit (NCRCP21) provider.