{"id":79199,"date":"2015-02-06T09:34:37","date_gmt":"2015-02-06T07:34:37","guid":{"rendered":"http:\/\/businesstech.co.za\/news\/?p=79199"},"modified":"2015-02-06T09:59:27","modified_gmt":"2015-02-06T07:59:27","slug":"capitec-announces-new-fees-for-2015","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/banking\/79199\/capitec-announces-new-fees-for-2015\/","title":{"rendered":"Capitec announces new fees for 2015"},"content":{"rendered":"

Capitec has announced its new fee structure for the 2015 to March 2016 banking year.<\/p>\n

The bank has kept many of its transaction fees, as well as its account fee, the same as the previous year, with increases of 8% to 27% (off a very low base) for certain transactions.<\/p>\n

Capitec currently only offers one account – the Global One – which competes with entry level accounts from FNB, Absa, Standard Bank and Nedbank.<\/p>\n

Capitec’s new fees will come into effect on 1 March 2015.<\/p>\n

Capitec 2015\/16 key fee changes<\/h3>\n
\n\n\n\n\n\n\n\n\n\n\n
Fee\/Transaction<\/strong><\/td>\n2014\/15 Fee<\/strong><\/td>\n2015\/16 Fee<\/strong><\/td>\nChange<\/strong><\/td>\n<\/tr>\n
Withdrawal (Native)<\/td>\nR4.60<\/td>\nR5.00<\/td>\n\u00a08.7%<\/td>\n<\/tr>\n
Withdrawal (Cash at till)<\/td>\nR1.05<\/td>\nR1.25<\/td>\n\u00a019.0%<\/td>\n<\/tr>\n
Withdrawal (Other)<\/td>\nR7.30<\/td>\nR8.00<\/td>\n\u00a09.6%<\/td>\n<\/tr>\n
Withdrawal (International)<\/td>\nR40.00<\/td>\nR45.00<\/td>\n\u00a012.5%<\/td>\n<\/tr>\n
Deposit (ATM)<\/td>\n55c per R100<\/td>\n70c per R100<\/td>\n\u00a027.3%<\/td>\n<\/tr>\n
Debit order (internal)<\/td>\nR1.50<\/td>\n\u00a0R1.50<\/td>\n\u00a0–<\/td>\n<\/tr>\n
Debit order (external)<\/td>\nR3.20<\/td>\n\u00a0R3.20<\/td>\n\u00a0–<\/td>\n<\/tr>\n
Account fee (PAYT)<\/td>\nR5.00<\/td>\n\u00a0R5.00<\/td>\n\u00a0–<\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n

Capitec’s full fee structure can be found on its site<\/a>.<\/p>\n

This is how Capitec’s new account fees compare with its competitors.<\/p>\n

Entry-level\u00a0bank accounts in SA<\/h3>\n
\n\n\n\n\n\n\n\n
Bank<\/strong><\/td>\nAccount<\/strong><\/td>\nMonthly fee<\/strong><\/td>\nMinimum balance<\/strong><\/td>\nWithdrawal fee (Native)<\/strong><\/strong><\/td>\nWithdrawal fee (Other)<\/strong><\/strong><\/td>\n<\/tr>\n
Absa<\/td>\nTransact<\/td>\nR4.75<\/td>\nNone<\/td>\nR4.45<\/strong><\/td>\nR7.20<\/td>\n<\/tr>\n
FNB<\/td>\nEasy<\/td>\nR4.95<\/td>\nNone<\/td>\nR4.55<\/strong> per R1,000<\/td>\nR9.10<\/td>\n<\/tr>\n
Capitec<\/td>\nGlobal One<\/td>\nR5.00<\/td>\nR25.00<\/td>\nR5.00<\/strong><\/td>\nR8.00<\/td>\n<\/tr>\n
Nedbank<\/td>\nKe Yona<\/td>\nR5.00<\/td>\nR20.00<\/td>\nR6.00<\/strong><\/td>\nR8.00<\/td>\n<\/tr>\n
Standard Bank<\/td>\nAccess<\/td>\nFree<\/td>\nNone<\/td>\nR6.50*<\/strong><\/td>\nR6.70 + R6.50**<\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n

* First R1,000 only,\u00a0R4.00\u00a0+ 1,10% of value after
\n** First R1,000 only, R4,00 + R6,70\u00a0+\u00a01.15% of value after<\/small><\/p>\n

FNB is the last bank to announce new pricing every year, and thus the prices reflected above are for the 2014\/15 period. The group’s 2015\/16 banking fees will be announced in June.<\/p>\n

More on Capitec<\/h3>\n

South African banking fees 2015<\/a><\/strong><\/p>\n

SA bank withdrawal fees compared<\/a><\/strong><\/p>\n

Most satisfied banking customers in SA<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Capitec has announced its new fee structure for the 2015 to March 2016 banking year.<\/p>\n","protected":false},"author":10,"featured_media":29342,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[961],"tags":[1798,26],"class_list":["post-79199","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\/79199","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=79199"}],"version-history":[{"count":2,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/79199\/revisions"}],"predecessor-version":[{"id":79245,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/79199\/revisions\/79245"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/29342"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=79199"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=79199"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=79199"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}