Rates and fees
Running a business can be overwhelming, but your banking fees shouldn't be. Here's our latest Business Bank rates and fees.
Running a business can be overwhelming, but your banking fees shouldn't be. Here's our latest Business Bank rates and fees.
Monthly service fee | |
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Transactional account - Business | 65.00 |
Entrepreneur (Private Banking) | 375.00 |
Credit card - primary card/secondary card | 40.00 |
Credit card - account | 40.00 |
Monthly overdraft/loan service | 69.00 |
Cash deposit | |
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All Transactional Accounts(Capitec ATM) | 1.10 per 100.00 |
Deposits at Absa Bank (Branch) | 28.00 + 2.00% |
Cash withdrawal | |
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Transactional Accounts and Business Credit Card(Capitec ATM) | 9.50 per 1 000.00 |
Transactional Accounts and Business Credit Card(International) | 80.00 |
Transactional Accounts and Business Credit Card(Other ATM) | 10.50 per 1 000.00 |
Entrepreneur account (Capitec ATM) (Only Saswitch ATM fee included in monthly account) | FREE |
Entrepreneur account (international) (Only Saswitch ATM fee included in monthly account) | 80.00 |
Entrepreneur account (other ATM) (Only Saswitch ATM fee included in monthly account) | FREE |
Debit card purchase | |
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Point of sale | 5.00 |
Point of sale (international) | 11.50 |
Inter-account transfer fee (transfer between own accounts) | |
Transfer between own accounts (app/online banking) | FREE |
Transfer between own accounts (branch) | 25.00 |
Debit order | |
Transactional accounts | 5.00 |
Entrepreneur account | FREE |
Beneficiary/Bill payment/Standing orders | |
Transactional Accounts and all Credit Cards (app/online banking) | 5.00 |
Transactional Accounts and all Credit Cards (branch) | 65.00 |
Entrepreneur account | FREE |
Entrepreneur account (branch) | 65.00 |
Other payments fees | |
Immediate payment to another bank (app/online banking) | 7.50 |
Straight Through Payment (STP) | 40.00 |
SARS eFiling fee | 10.00 |
Batch payment per item (app/online banking) | 5.00 |
Stop Payment on All Transactional Accounts | 80.00 |
Balance order | 42.50 |
Payment Recalls (app/online banking) | 160.00 |
Notifications | FREE |
Unsuccessful ATM fees due to insufficient funds | |
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Debit card (Capitec ATM) | 2.50 |
Debit card (international) | 11.00 |
Debit card (other ATM) | 8.00 |
Credit Card (Capitec atm) | 2.50 |
Credit card (international) | 11.00 |
Credit card (other ATM) | 11.00 |
Stop order rejected due to insufficient funds | |
All Transactional Accounts | 7.00 |
Over the limit fee | |
All Transactional Accounts | 100.00 |
Debit order return due to insufficient funds | |
All Transactional Accounts and all Credit Cards | 7.00 |
Denied transaction fee due to insufficient funds | |
Internet Banking - Future dated payment /Insufficient funds on action date | 7.00 |
Early redemption of investment: Admin | |
All investments (excluding 367 Day Notice) | 3% on the amount withdrawn for the period to maturity + admin fee of R287.50 |
367 Day Notice | 1% on the amount withdrawn for the period to maturity + admin fee of R287.50 |
TESA | 345.00 |
Other penalty/unsuccessful transaction fees | |
Disputes: False Disputes on all Credit Cards | 80.00 |
First statement | |
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First statement on all products sent by email/post | FREE |
ATM mini statement | |
Debit card (Capitec ATM) | 5.00 |
Duplicate statement and provisional statement | |
All Transactional Accounts and all Credit Cards | 25.00 |
Daily statement | |
All Transactional Accounts | 100.00 |
Weekly statement | |
All Transactional Accounts | 50.00 |
Foreign payments | |
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Foreign inward payment - SHA/BEN | 350.00 |
Foreign inward payment - OUR | 250.00* |
Foreign outward payment - SHA/BEN | 250.00 |
Foreign outward payment - OUR | 500.00** |
SWIFT query | 138.00 |
Payment recalls (app/online banking) | 160.00 |
Password re-issue (app/online banking) | FREE |
Secure message on online banking (app/online banking) | FREE |
Beneficiary notifications on email, SMS (app/online banking) | FREE |
*Inward payment received with “OUR” Charge Option attract a reduced fee as the difference is claimed from the foreign bank
**Outward payment sent with “OUR” Charge Option attract a higher fee as the client agrees to cover the sender’s correspondent bank fee