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.
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.
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guidelines for safe banking
It can still be safe to do your banking. Here are some important guidelines to follow.
our 2020 fees
We update our bank fees on 1 March every year. Last year, we helped our clients save over R200 million by lowering our digital banking fees. For the second year in a row, we will not be increasing these fees in 2020.
send cash anywhere in the country using your phone
Send cash quickly and conveniently for friends and family to collect at Shoprite, Checkers or Usave.