Bank Better, Live Better

find the best fees

Bank fees getting you down? Make sure you’re paying the best fees with this handy guide.

Visit websites such as Just Money or Think Money to compare interest rates and charges of various banks.

(According to the independent Solidarity report, Capitec Bank has offered the lowest bank fees for 20122013 and 2014.)

When choosing your bank, make sure you have the best deal on:

  • ATM withdrawals (at your bank, another bank, supermarket till, overseas ATM or bank)
  • Balance enquiry fees
  • Cash deposit fees
  • Cheque deposit fees
  • Debit card purchases
  • Debit order fees (some banks charge as much as R120 for a rejected debit order)
  • Electronic banking fees
  • General banking charges and admin fees
  • Statement fees
  • Stop order fees
  • Transfer fees

View the full list of ​Capitec Bank fees here.


Things to consider

Some banks may not mention administration or management fees but that doesn’t mean they won’t charge them. Always ask.

When taking credit, always consider the total cost and term and understand any other costs such as credit insurance. Capitec Bank offers free retrenchment and death cover on credit of 6 months or longer.

Tip: Cash is expensive. Use your Global One card for free at tills, when buying online, through telephone or mail order. 

Some banks charge a flat rate for ATM withdrawals while others charge a partial rate over and above the initial minimum amount.

When drawing money from an ATM at another bank you will be charged a fee.

(Why not take part in our chat about how cash is expensive on Facebook?)

Don’t let any of your debit orders bounce – you’ll pay a penalty fee and missing a payment will damage your credit rating.

Tip: Manage your money better with our cellphone banking app, now with a handy budget tool.

Was this article helpful?

you may also like...

View All Other Articles View All
5 ways to manage your money and live better

5 ways to manage your money and live better

We spent some time with Francois Viviers, Executive of Marketing and Communications at Capitec Bank to hear about his top 5 money principles to live better in 2018.

Read More
foreign exchange services

foreign exchange services

Find out what you need to know about using your Global One card abroad and receiving foreign payments into your account.

Read More
debit orders safer with debicheck

debit orders safer with debicheck

DebiCheck is another way for you to take control of your money by allowing you to confirm any new debit orders going off from your bank account.

Read More
bank accounts for foreign nationals

bank accounts for foreign nationals

If you're not from South Africa and you want to open a Capitec Bank account, here's what you need to know.

Read More
View All Other Articles