{"id":114716,"date":"2016-02-29T16:30:04","date_gmt":"2016-02-29T14:30:04","guid":{"rendered":"http:\/\/businesstech.co.za\/news\/?p=114716"},"modified":"2016-02-29T16:30:04","modified_gmt":"2016-02-29T14:30:04","slug":"new-capitec-banking-fees-for-2016","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/banking\/114716\/new-capitec-banking-fees-for-2016\/","title":{"rendered":"New Capitec banking fees for 2016"},"content":{"rendered":"<p>Capitec has announced its new fee structure for the 2016 to March 2017 banking year.<\/p>\n<p>Capitec currently offers only one account &#8211; the Global One &#8211; which targets both lower and middle-market customers.<\/p>\n<p>The bank prides itself on its fixed fees, where it largely doesn&#8217;t charge clients based on the amount they transact with. For the 2016\/17 period, the Global One account fee increased 5% to R5.25.<\/p>\n<p>For the most part, transaction fees for 2016\/17 tracked higher with the inflation rate, though some fees increased above inflation &#8211; such as cash handling or cheque handling services &#8211; due to increased risk and administration costs.<\/p>\n<h3 class=\"my-4\">Capitec 2016\/17 key fee changes<\/h3>\n<div class=\"bt_table\">\n<div class=\"table-responsive\"><table class=\"table\" width=\"100%\" cellspacing=\"0\" cellpadding=\"6\">\n<tbody>\n<tr>\n<th bgcolor=\"#CCCCCC\" width=\"70%\">Fee\/Transaction<\/th>\n<th bgcolor=\"#CCCCCC\" width=\"15%\">2015\/16 Fee<\/th>\n<th bgcolor=\"#CCCCCC\" width=\"15%\">2016\/17 Fee<\/th>\n<th bgcolor=\"#CCCCCC\" width=\"15%\">Change<\/th>\n<\/tr>\n<tr>\n<td>Withdrawal (Native)<\/td>\n<td>R5.00<\/td>\n<td>R5.50<\/td>\n<td>10.0%<\/td>\n<\/tr>\n<tr>\n<td>Withdrawal (Cash at till)<\/td>\n<td>R1.25<\/td>\n<td>R1.30<\/td>\n<td>4.0%<\/td>\n<\/tr>\n<tr>\n<td>Withdrawal (Other)<\/td>\n<td>R8.00<\/td>\n<td>R8.50<\/td>\n<td>6.3%<\/td>\n<\/tr>\n<tr>\n<td>Withdrawal (International)<\/td>\n<td>R45.00<\/td>\n<td>R50.00<\/td>\n<td>11.1%<\/td>\n<\/tr>\n<tr>\n<td>Deposit (ATM)<\/td>\n<td>70c per R100<\/td>\n<td>80c per R100<\/td>\n<td>14.3%<\/td>\n<\/tr>\n<tr>\n<td>Account fee (PAYT)<\/td>\n<td>R5.00<\/td>\n<td>\u00a0R5.25<\/td>\n<td>5.0%<\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n<\/div>\n<p>You can view\u00a0<strong><a href=\"https:\/\/commondatastorage.googleapis.com\/groovy-util-configobject5a7ca77e\/capitec_bank_transact_flyer_1_march_2016.pdf\" target=\"_blank\">Capitec&#8217;s\u00a0full fee schedule for 2016\/17 here<\/a><\/strong>.<\/p>\n<p>The new banking fees take effect from 1 March 2016.<\/p>\n<p>For a comparison, you can see BusinessTech&#8217;s coverage of banking fees for 2016, which has been updated with the new Capitec prices.<\/p>\n<p><strong>See:\u00a0<a title=\"Permalink to Here are your banking fees for 2016\" 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SA<\/a><\/strong><\/p>\n<p><strong><a title=\"Permalink to Things South Africa is good at: banking, mobile and regulation\" href=\"http:\/\/businesstech.co.za\/news\/general\/96779\/things-south-africa-is-good-at-banking-mobile-and-regulation\/\" rel=\"bookmark\">Things South Africa is good at: banking, mobile and regulation<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Capitec has announced its new fee structure for the 2016 to March 2017 banking year.<\/p>\n","protected":false},"author":10,"featured_media":7994,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[961],"tags":[1798,26],"class_list":["post-114716","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-banking","tag-capitec","tag-headline"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/114716","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=114716"}],"version-history":[{"count":3,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/114716\/revisions"}],"predecessor-version":[{"id":114800,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/114716\/revisions\/114800"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/7994"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=114716"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=114716"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=114716"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}