Here are all your banking fees for 2022

South Africa’s big banks have all published updated fee schedules that will carry through to 2022.

Absa, Standard Bank and Nedbank are the latest to publish their fees, which come into effect on 1 January 2022, while FNB, Capitec and Discovery Bank published updated fees earlier in the year, which will continue until their review periods in the new year.

Capitec’s fee schedule will stay in place until March 2022, while FNB’s pricing will be updated again from 1 July 2022.

The tables below outline the banking fees you will be paying in 2022 for each bank’s entry-level and mid-tier account, covering core transactions. Prices are out of bundle, or on a pay as you transact basis. Full price guides are linked.


Capitec Global One 2020/21 Fees R500 transaction 2021/22 Fees R500 transaction % Change
Withdrawal (Native) R8.00 / R1000 R8.00 R7.50 / R1000 R7.50 -6.3%
Withdrawal (Other) R9.00 / R1000 R9.00 R9.75 / R1000 R9.75 +8.3%
Withdrawal (POS) R1.20 R1.20 R1.60 R1.60 +33.3%
Deposits R1.20 / R100 R6.00 R1.30 / R100 R6.50 +8.3%
Debit orders R3.50 R3.50
Account fee (PAYT) R5.00 R5.00

You can review Capitec’s 2021/22 pricing here.


Absa Transact Account 2021 Fees R500 transaction 2022 Fees R500 transaction % Change
Withdrawal (Native) R8.00/R1000 R8.00 R8.00/R1000 R8.00
Withdrawal (Saswitch) R12.00 + R2.20/R100 R23.00 R12.00+R2.30/R100 R23.50 +2.2%
Withdrawal (POS) Free Free Free Free
Deposit (ATM) R2.20/R100  R11.00 R2.30/R1.00 R11.50 +4.5%
Debit orders (internal) Free Free
Debit orders (external) R3.50 R1.00 -71.4%
Monthly account fee (PAYT) R4.90 R4.90
Absa Pay as you Transact 2021 Fees R500 transaction 2022 Fees R500 transaction % Change
Withdrawal (Native) R2.20/R100 R11.00 R2.30/R100 R11.50 +4.5%
Withdrawal (Saswitch) R12.00 + R2.20/R100 R23.00 R12.00 + R2.30/R100 R23.50 +2.2%
Withdrawal (POS) R2.00 R2.00 R2.00 R2.00
Deposit (ATM) R2.20/R100 R11.00 R2.30/R100 R11.50 +4.5%
Debit order (internal) Free Free
Debit order (external) R19.00 R19.00
Account fee (PAYT) R50.00 R50.00

Absa’s full 2022 price guide can be found here.


Standard Bank MyMo PAYT 2021 Fees R500 transaction 2022 Fees R500 transaction % Change
Withdrawal (Native) R7.50/R1000 R7.50 R8.00/R1000 R8.00 +6.7%
Withdrawal (Other) R10.00/R1000 R10.00 R10.50/R1000 R10.00 +5.0%
Withdrawal (POS) R1.40 R1.40 R1.40 R1.40
Deposit (ATM) R9.00/R1000 R9.00 R1.00/R100 R5.00 -44.4%
Debit orders R3.50 R3.50
Account fee (PAYT) R4.95 R4.95
Standard Bank MyMo Plus 2021 Fees R500 transaction 2022 Fees R500 transaction % Change
Withdrawal (Native) R2.00/R100 R10.00
Withdrawal (Other) R2.20/R100 R11.00 +5.0%
Withdrawal (POS) Free Free
Deposit (ATM) R1.00/R100 R5.00 -44.4%
Debit order (internal/external) Free
Account fee R110.00

Standard Bank’s MyMo 2022 pricing can be found here.


Nedbank PAYU Account 2021 Fees R500 transaction 2022 Fees R500 transaction % Change
Withdrawal (Native) R8.00 / R1000 R8.00 R9.00 / R1000 R9.00 +12.5%
Withdrawal (Other) R10.50 + R2.20 / R100 R21.50 R11.00+R2.30 / R100 R22.50 +4.7%
Withdrawal (POS) R2.00 R2.00 R2.00 R2.00
Deposit (ATM) R1.20 / R100 R6.00 R1.30 / R100 R6.50 +8.3%
Debit order (internal) Free Free
Debit order (external) R5.50 R5.00
Monthly account fee (PAYT) Free Free
Nedbank Savvy Account 2021 Fees R500 transaction 2022 Fees R500 transaction % Change
Withdrawal (Native) R2.20/R100 R11.00 R2.30 / R100 R11.50 +4.5%
Withdrawal (Other) R10.50 + R2.20/R100 R21.50 R11.00+R2.30 / R100 R22.50 +4.7%
Withdrawal (POS) Free Free Free Free
Deposit (ATM) Free Free R1.30 / R100 R6.50 +R6.50
Debit order (internal) Free Free
Debit order (external) Free Free
Account fee R115.00 R115.00

Nedbank’s 2022 pricing can be found here.


FNB Easy Account (PAYU) 2020/21 Fees R500 transaction 2021/22 Fees R500 transaction % Change
Withdrawal (Native) R8.00 / R1000 R8.00 R1.20 / R100 R6.00 -25.0%
Withdrawal (Other) R12.00 / R1000 R12.00 R15.00 / R1000 R15.00 +25.0%
Withdrawal (POS) Free Free Free Free
Deposit (ATM) R1.10 / R100 R5.50 R1.20 / R100 R6.00 +9.0%
Debit order (internal) R1.50 R1.00 -33.3%
Debit order (external) R3.50 R3.50
Monthly account fee R4.95 R4.95
FNB Aspire 2020/21 (Gold Fusion) R500 transaction 2021/22 Fees R500 transaction % Change
Withdrawal (Native) R2.00 / R100 R10.00 R2.20 / R100 R11.00 +10%
Withdrawal (Other) R10.00 + R2.00 / R100 R20.00 R11.00 + R2.20 / R100 R22.00 +10%
Withdrawal (POS) Free Free Free Free
Deposit (ATM) R1.10 / R100 R5.50 R1.20 / R100 R6.00 +9%
Debit orders Free Free Free Free
Account fee R89.00 R99.00 +11%

You can find FNB’s Easy 2021/22 pricing guide here. The Aspire 2021/22 price guide is here.


Discovery Bank Transact Gold 2020/21 Fees R500 transaction 2021/22 Fees R500 transaction % Change
Withdrawal (ATM) R4.50 + 1.5% of value R12.00 R4.50 + 1.75% of value R13.25 +10.4%
Withdrawal (POS) R2.00 R2.00 Free Free -100.0%
Deposit (Retail) n/a n/a R19.95/R5000 R19.95
Debit orders R3.75 Free -100.0%
Monthly account fee R120.00 R125.00 +4.2%

You can view the Discovery Bank Gold Transaction Account fees here.


African Bank MyWORLD 2020/21 Fees R500 transaction 2021/22 Fees R500 transaction % Change
Withdrawal (Native) R6.00 / R1000 R6.00 R8.50 / R1000 R8.50 +41.7%
Withdrawal (Other) R6.00 / R1000 R6.00 R8.50 / R1000 R8.50 +41.7%
Withdrawal (POS) R2.00 R2.00 R2.00 R2.00
Deposit (ATM) 2% of amount R10.00 R2.00 / R100 R10.00
Debit orders (external only) R4.00 R4.00
Monthly account fee (PAYT) Free Free

You can view the 2021/22 African Bank MyWorld Account fees here.


TymeBank Account 2020/21 Fees R500 transaction 2021/22 Fees R500 transaction % Change
Withdrawal (Debit card – PnP/Boxer) Free Free R3.00* R3.00 +R3.00
Withdrawal (ATM) R9.00 / R1000 R9.00 R10.00 R10.00 +11.1%
Withdrawal (POS) R3.00 R3.00 R3.00 R3.00
Deposit (PnP/Boxer) R6.00 R6.00 R7.00 R7.00 +16.7%
Debit order (internal) Free Free
Debit order (external) R2.00 Free
Monthly account fee (PAYT) Free Free

* Customers can make free withdrawals by generating TymeCodes via USSD/Internet Banking/App (iOS/Android)

You can view the TymeBank Fees here.


Old Mutual Money Account 2020/21 Fees R500 transaction 2021/22 Fees R500 transaction % Change
Withdrawal (Native) R12.00 / R1000 R12.00 R15.00 / R1000 R15.00 +25.0%
Withdrawal (Other) R12.00 / R1000 R12.00 R15.00 / R1000 R15.00 +25.0%
Withdrawal (POS) R1.00 R1.00 R2.00 R2.00 +100.0%
Deposit R12.00* R12.00 R12.00* R12.00
Debit orders R2.50 R3.00 +20.0%
Account fee (PAYT) R4.95 R4.95

* At Shoprite, Checkers and uSave, price increases to R19.95 at Pick n Pay and Boxer stores.

You can view the Old Mutual Money Account fee schedule for 2021/22 here.


Bidvest Bank Grow Account (PAYT) 2020/21 Fees R500 transaction 2021/22 Fees R500 transaction % Change
Withdrawal (Native) R6.00 R6.00 R6.00/R1000 R6.00
Withdrawal (Other) R10.00 + R1.80/R100 R19.00 R10.00 + R2.80/R100 R24.00 +26.3%
Withdrawal (POS with purchase) R5.00 R5.00 R5.00 R5.00
Deposit (Branch) 1.5% of value R7.50 3.0% of value R15.00 +100%
Debit orders R5.00 R5.00
Account fee (PAYT) R6.00 R6.00

You can view the Bidvest Bank Grow fee schedule here.


Bank Zero 2021 Fees R500 transaction 2022 Fees R500 transaction % Change
Withdrawal (ATM) R9.00 / R1000 R9.00 R9.00 / R1000 R9.00
Withdrawal (POS) R2.00 R2.00 R2.00 R2.00
Deposit n/a n/a n/a n/a
Debit orders Free Free
Monthly account fee Free Free

You can view Bank Zero’s 2022 pricing schedule here.


Read: Discovery Bank reveals customer numbers and plans for 2022

Must Read

Partner Content

Show comments

Trending Now

Follow Us

Here are all your banking fees for 2022