SA Post Office Bank

Mzansi Fees and Interest

Mzansi Fees and Interest

Fees with effect from 03 April 2018:

Account opening fee


Minimum opening deposit
(The account will be closed automatically if no deposit was made within 35 days from account opening.)

R 0.00

Minimum account balance

R 20.00

Cash deposit at branch

R 2.10 up to R100.00, thereafter an additional R 2.10 per R100.00 or part thereof above R100.01

Cheque deposits


Dishonoured cheque

R 80.00

Special clearance of cheque deposits

R 94.00

Cash withdrawal at branch

R 12.60

Cash withdrawal (cheque)

R 42.00

Repayment of Unclaimed Funds

R 52.00

Monthly service/ledger fee

R 2.50

Replacement: Debit Card

R 70.00

Full statement (mailed on request)

R 13.60

Full statement (counter)

R 13.60

Mini statement or balance enquiry at branch


Account dormancy fee

R 22.00

Point of sale purchase


Cashback only

R 3.50

Purchase and cashback

R 1.50

Declined purchase - any customer related reason

R 7.00

International Debit Card Fee (POS) in the *RCMA only

R 18.00 + 2% of transaction value

International Debit Card Fee (ATM) in the *RCMA only

R 20.00 + 2% of transaction value

International debit card declined fee

R 7.00

Saswitch Fees


Cash withdrawal: ATM

R 8.20 up to R100.00, thereafter and additional R 1.70 per R100.00 and above

Balance enquiry: ATM

R 4.30

Rejected transactions: ATM

R 4.50

Rejected transactions card swallowed ATM

R 2.00

Cellphone balance enquiry

No banking fee. R1.00 will be charged by your mobile service provider for the cost of the sms

Interest with effect from 29 March 2018:


Amount in Rand

Interest Rate (%)

0 - 500


500.01 - 1 000


1 000.01 - 2 000


2 000.01 - 5 000 plus



Mzansi Saswitch fees are only applicable if the ATM’s of the four major banks are used: that is ABSA, FNB, Nedbank and Standard bank.

Account Balance may not exceed R25 000.00 at any time.

Payments and withdrawals from the account are limited to a maximum of R5 000.00 per day and R25 000.00 per month.

Mzansi Cards can be used in South Africa and the Rand Common Monetary Areas only such as Lesotho, Swaziland, Namibia and Botwana.