Capitec Bank Charges And Rates For All Transactions
Full List of Capitec Bank Charges And Rates For All Transactions. Access to banking online and the app remains free with zero-rated data for the app. The price of payments and transfers between own accounts on cell phone and internet banking will increase from R1.50 to R1.60 per transaction.
Capitec Bank Charges
Fees for payments in branch increased to R5.30 per transaction.
Debit orders increase by 20c, from R3.50 to R3.70.
The cash withdrawal fee at tills is R1.60.
The flat cash withdrawal fees for any amount from a Capitec branded ATM will now cost R6.50. All other bank ATM withdrawals will be R8.75.
Capitec said more than 9.2 million clients banked with it in 2017, with over 5 million clients paying under R50 in bank costs each month.
Capitec became the target of the short seller Viceroy recently. The bank is preparing for an investigation by the Financial Services Board, into Viceroy for potential market abuse and breaches of the Financial Markets Act.
Viceroy accused Capitec of exploiting customers’ current accounts by ensuring their loan repayments are deducted before other debts.
“[O]ur clients earn at least 5.1% interest on positive balances from the first rand in their transaction account, and they get 4 free savings plans which they can fix to earn even higher interest,” he explained.
“In tough financial times, people seek value for money. This is why Capitec has seen 185 000 new clients this January alone.”
- Capitec Bank Online Banking App
- How to Download Capitec Online Banking App
- How to Open An Instant Capitec Bank Account Online
- Capitec Bank Internet Banking: Application & Login Details
- How to Request and Activate Capitec Bank Mastercard
- Capitec Bank Swift, Sort and Branch Code
- Online Application For Capitec Bank Loans
- Full Details of Capitec Bank Loan Interest Rates
- Full Details Of e Wallet Capitec Bank
- Full Details About Capitec Bank Life Insurance
- Capitec Bank Charges And Rates For All Transactions
- Capitec Bank Deposit Fees and Rates For Transactions
- Full List Of Capitec Bank Credit Cards To Get For Online Shopping
- How to Find Capitec Bank Near Me Closest Branch and ATM Locator
- How to Open Capitec Bank Student Account From Home Within Minutes
- How to Open Capitec Bank Account Online Yourself, Without Going to the Bank
- How To Contact Capitec Bank Customer Care; Phone Numbers, Email, Twitter and Facebook