Mzansi Fees and Interest
Fees with effect from 02 April 2024:
Account opening fee |
Free |
Minimum opening deposit |
R 40.00 |
Minimum account balance |
R 40.00 |
Deposits (cash) |
R 3.00 up to R100.00, thereafter an additional R 3.00 per R100.00 or part thereof above R100.01 |
Withdrawals (cash) Branch |
R 10.00 up to R100.00, thereafter an additional R 2.10 per R100.00 or part thereof above R100.01 |
Close-out Withdrawal |
R 19.00 |
Repayment of Unclaimed Funds |
R 76.00 |
Monthly service/ledger fee |
R 3.00 |
Replacement: Debit Card |
R 77.00 |
Full statement up to 3 months (Branch or mailed on request) |
R 21.00 |
Full statement 4 months and older (Mailed on request) |
R 42.00 |
Mini statement and balance enquiries (Branch) |
Free |
Account Dormancy fee |
R 30.00 |
Point of sale purchase |
Free |
Cash back only |
R 3.50 |
Purchase and Cash back |
R 2.45 |
Declined purchase - Any customer related reason |
R 4.50 |
Saswitch Fees |
|
Cash withdrawal: ATM |
R 8.70 up to R100.00, thereafter an additional R 2.00 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 |
Cell phone Balance enquiry |
No banking fee. R1.00 will be charged by your mobile service provider for the cost of the SMS |
Note:Mzansi Saswitch fees are only applicable if the ATM's of the major banks are used: that is ABSA, FNB, Nedbank, Standard bank and Capitec. If any other bank ATM is used, Flexi Card Saswitch fees will be levied. |
|
Interest with effect from 26 May 2023: |
|
Amount in Rand |
Interest Rate (%) |
0 - 5000 + |
0.00% |
