{"id":214943,"date":"2017-12-06T18:30:48","date_gmt":"2017-12-06T16:30:48","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=214943"},"modified":"2017-12-06T16:25:01","modified_gmt":"2017-12-06T14:25:01","slug":"here-are-your-atm-and-banking-fees-for-2018","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/banking\/214943\/here-are-your-atm-and-banking-fees-for-2018\/","title":{"rendered":"Here are your ATM and banking fees for 2018"},"content":{"rendered":"

Standard Bank, Absa and Nedbank have published their fee changes for 2018, which will come into effect from 1 January next year.<\/p>\n

Of the three new fee schedules, Absa has seen the biggest increases in its transaction prices, with withdrawal, deposit and monthly account fees increasing by around 7%. Standard Bank has kept most fees unchanged since altering its formulae in 2017.<\/p>\n

Notable changes at Nedbank include a reduction in deposit fees at its\u00a0Intelligent depositor\u00a0ATMs: there is no fee for the first R5,000 deposited, thereafter it’s charged at R1 per R100. Withdrawal fees have increased at around 8%, however.<\/p>\n

FNB and Capitec published their 2017\/18 fee changes during the course of this year. Capitec will update its prices in February 2018 (taking effect from 1 March 2018) and FNB will update its fees in June 2018 (taking effect from 1 July 2018).<\/p>\n

Here’s how the fees look for mid-market accounts (‘gold accounts’) on a pay as you transact basis. Links to the full fee schedules are included.<\/p>\n

\"Absa<\/p>\n

\n
\n\n\n\n\n\n\n\n\n\n
Absa Gold Cheque Account<\/th>\n2017 Fees<\/th>\nR500 transaction in 2017<\/th>\n2018 Fees<\/th>\nR500 transaction in 2018<\/th>\n% Change from 2017 to 2018<\/th>\n<\/tr>\n
Withdrawal (Native)<\/td>\nR3.95 + R1.35\/R100<\/td>\nR10.70<\/td>\nR4.50 + R1.40\/R100<\/td>\nR11.50<\/td>\n+7.5%<\/td>\n<\/tr>\n
Withdrawal (Other)<\/td>\nR9.95 + R1.35\/R100<\/td>\nR16.70<\/td>\nR10.50 + R1.40\/R100<\/td>\nR17.50<\/td>\n+4.8%<\/td>\n<\/tr>\n
Withdrawal (POS)<\/td>\nR3.95<\/td>\nR3.95<\/td>\nR4.50<\/td>\nR4.50<\/td>\n+13.9%<\/td>\n<\/tr>\n
Deposit (ATM)<\/td>\nR3.95 + R1.35\/R100<\/td>\nR10.70<\/td>\nR4.50 + R1.40\/R100<\/td>\nR11.50<\/td>\n+7.5%<\/td>\n<\/tr>\n
Debit order (internal)<\/td>\nFree<\/td>\n<\/td>\nFree<\/td>\n<\/td>\n–<\/td>\n<\/tr>\n
Debit order (external)<\/td>\nR16.95<\/td>\n<\/td>\nR18.00<\/td>\n<\/td>\n+6.2%<\/td>\n<\/tr>\n
Account fee (PAYT)<\/td>\nR42.00<\/td>\n<\/td>\nR45.00<\/td>\n<\/td>\n+7.1%<\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n

Absa’s full 2018 pricing can be found here.<\/strong><\/a><\/p>\n

\n<\/div>\n

\"Standard<\/h3>\n
\n
\n\n\n\n\n\n\n\n\n\n
Standard Bank Elite Account<\/th>\n2017 Fees<\/th>\nR500 transaction in 2017<\/th>\n2018 Fees<\/th>\nR500 transaction in 2018<\/th>\n% Change from 2017 to 2018<\/th>\n<\/tr>\n
Withdrawal (Native)<\/td>\nR1.80 per R100<\/td>\nR9.00<\/td>\nR1.80 per R100<\/td>\nR9.00<\/td>\n–<\/td>\n<\/tr>\n
Withdrawal (Other)<\/td>\nR6.70 + R1.80 per R100<\/td>\nR15.70<\/td>\nR8.00 + R1.80 per R100<\/td>\n\u00a0R17.00<\/td>\n+8.3%<\/td>\n<\/tr>\n
Withdrawal (POS)<\/td>\nR1.80<\/td>\nR1.80<\/td>\nR1.80<\/td>\nR1.80<\/td>\n–<\/td>\n<\/tr>\n
Deposit (ATM)<\/td>\nR1.80 per R100<\/td>\nR9.00<\/td>\nR1.80 per R100<\/td>\nR9.00<\/td>\n–<\/td>\n<\/tr>\n
Debit order (internal)<\/td>\nR4.50<\/td>\n<\/td>\nR4.50<\/td>\n<\/td>\n–<\/td>\n<\/tr>\n
Debit order (external)<\/td>\nR16.00<\/td>\n<\/td>\nR16.50<\/td>\n<\/td>\n+3.1%<\/td>\n<\/tr>\n
Account fee (PAYT)<\/td>\nR55.00<\/td>\n<\/td>\nR60.00<\/td>\n<\/td>\n+9.1%<\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n

Standard Bank’s full 2018 pricing can be found here<\/strong>.<\/a><\/p>\n

\n<\/div>\n

\"Nedbank<\/h3>\n
\n
\n\n\n\n\n\n\n\n\n\n
Nedbank Savvy Account<\/th>\n2017 Fees<\/th>\nR500 transaction in 2017<\/th>\n2018 Fees<\/th>\nR500 transaction in 2018<\/th>\n% Change from 2017 to 2018<\/th>\n<\/tr>\n
Withdrawal (Native)<\/td>\nR4.50 +\u00a0R1.40\/R100<\/td>\nR11.50<\/td>\nR5.00 + R1.50\/R100<\/td>\nR12.50<\/td>\n+8.7%<\/td>\n<\/tr>\n
Withdrawal (Other)<\/td>\nR11.50\u00a0+ R1.40\/R100<\/td>\nR18.50<\/td>\nR12.50 + R1.50\/R100<\/td>\nR20.00<\/td>\n+8.1%<\/td>\n<\/tr>\n
Withdrawal (POS)<\/td>\nFree<\/td>\nFree<\/td>\nFree<\/td>\nFree<\/td>\n–<\/td>\n<\/tr>\n
Deposit (Intelligent depositor\u00a0ATM)<\/td>\nR5.50 +\u00a0R0.70\/R100<\/td>\nR9.00<\/td>\nR1.00\/R100<\/td>\nR5.00<\/td>\n-44.4%<\/td>\n<\/tr>\n
Debit order (internal)<\/td>\nFree<\/td>\n<\/td>\nFree<\/td>\n<\/td>\n–<\/td>\n<\/tr>\n
Debit order (external)<\/td>\nFree<\/td>\n<\/td>\nFree<\/td>\n<\/td>\n–<\/td>\n<\/tr>\n
Account fee<\/td>\n\u00a0R100.00<\/td>\n<\/td>\nR106.00<\/td>\n<\/td>\n+6.0%<\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n<\/div>\n

The full 2018 pricing for Nedbank’s Savvy Plus can be found here<\/strong>.<\/a><\/p>\n

\n

\"Capitec<\/a><\/p>\n

\n
\n\n\n\n\n\n\n\n
Capitec Global One<\/th>\n2016\/17 Fees<\/th>\nR500 transaction in 2016\/17<\/th>\n2017\/18 Fees<\/th>\nR500 transaction in\u00a02017\/18<\/th>\n% Change from 2016\/17 to 2017\/18<\/th>\n<\/tr>\n
Withdrawal (Native)<\/td>\nR5.50<\/td>\nR5.50<\/td>\nR6.00<\/td>\nR6.00<\/td>\n+9.1%<\/td>\n<\/tr>\n
Withdrawal (Other)<\/td>\nR8.50<\/td>\nR8.50<\/td>\nR8.50<\/td>\nR8.50<\/td>\n0.0%<\/td>\n<\/tr>\n
Withdrawal (POS)<\/td>\nR1.30<\/td>\nR1.30<\/td>\nR1.50<\/td>\nR1.50<\/td>\n+15.4%<\/td>\n<\/tr>\n
Deposit (ATM)<\/td>\n80c \/R100<\/td>\nR4.00<\/td>\n90c per R100<\/td>\nR4.50<\/td>\n+12.5%<\/td>\n<\/tr>\n
Account fee (PAYT)<\/td>\nR5.25<\/td>\n<\/td>\nR5.50<\/td>\n<\/td>\n+4.8%<\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n

You can review Capitec’s full 2017\/18 pricing here<\/a><\/strong>.<\/p>\n

\n<\/div>\n

\"FNB<\/a><\/p>\n

FNB Gold only offers the bundled account option. Withdrawals and Cash@Till transaction fees come into effect after a combined R5,000 limit has been reached. Cash deposit fees come into effect after a R5,000 limit has been reached.<\/em><\/p>\n

\n
\n\n\n\n\n\n\n\n\n\n
FNB Gold Cheque Account<\/th>\n2016\/17 Fees<\/th>\nR500 transaction in 2016\/17<\/th>\n2017\/18 Fees<\/th>\nR500 transaction in<\/th>\n% Change from 2015\/16 to 2016\/17<\/th>\n<\/tr>\n
Withdrawal (Native)<\/td>\nR1.85\/R100<\/td>\nR9.25<\/td>\nR1.85\/R100<\/td>\nR9.25<\/td>\n0.0%<\/td>\n<\/tr>\n
Withdrawal (Other)<\/td>\nR7.00 + R1.85\/R100<\/td>\nR16.25<\/td>\nR8.00 +\u00a0R1.85\/R100<\/td>\nR17.25<\/td>\n+6.2%<\/td>\n<\/tr>\n
Withdrawal (POS)<\/td>\nFree<\/td>\n\u00a0Free<\/td>\nR1.40<\/td>\nR1.40<\/td>\n–<\/td>\n<\/tr>\n
Deposit (ATM)<\/td>\nR0.80 per R100<\/td>\nR4.00<\/td>\nR0.90 per R100<\/td>\nR4.50<\/td>\n+12.5%<\/td>\n<\/tr>\n
Debit order (internal)<\/td>\nFree<\/td>\n<\/td>\nFree<\/td>\n<\/td>\n–<\/td>\n<\/tr>\n
Debit order (external)<\/td>\nFree<\/td>\n<\/td>\nFree<\/td>\n<\/td>\n–<\/td>\n<\/tr>\n
Account fee<\/td>\nR100.00<\/td>\n<\/td>\nR105.00<\/td>\n<\/td>\n+5.0%<\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n

You can find FNB’s full 2017\/18 pricing guide here<\/a><\/strong>.<\/p>\n

\n

Read:\u00a0Plans to make SA Post Office an operating bank before April 2018: report<\/a><\/strong><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Standard Bank, Absa and Nedbank have published their fee changes for 2018, which will come into effect from 1 January next year.<\/p>\n","protected":false},"author":10,"featured_media":120121,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[961],"tags":[],"class_list":["post-214943","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-banking"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/214943","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=214943"}],"version-history":[{"count":1,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/214943\/revisions"}],"predecessor-version":[{"id":214959,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/214943\/revisions\/214959"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/120121"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=214943"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=214943"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=214943"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}