Capitec Bank updates fees at the beginning of every March. On 1 March every year, Capitec introduces low banking fees, and for the second year in a row, Capitec won’t increase these fees.
Here are the newly updated fees
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- Pay with your card or shop worldwide
- Transfer money between your own accounts
- Email statements from our banking app or on internet banking
- Access your accounts on our banking app or internet banking
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- Payments and transfers on the app or internet banking
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- Cash withdrawal at till points
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- In-branch payments and transfers
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- Immediate payment on app and internet banking
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- Cash withdrawal at Capitec branded ATM
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- Cash withdrawal at any other ATM in South Africa
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Capitec will continue to charge you R1 for digital banking and the fees will not increase. Continue transferring between your accounts, and emailing yourself statement as well as prepaid purchases for free.
You will continue paying R8 for immediate payments using the Capitec App. A positive balance will continue to earn you interest.
Withdrawals at retailers are as low as R1.20 per withdrawal. You can get cash-back at Pick n Pay, Shoprite, Checkers or Boxer stores nationwide. Withdrawals with the Capitec ATM cost between R6 and R8 per R1000. Withdrawals from a none-Capitec ATM will cost you R9 per R1000.
When you use the Capitec card to book for your flight, the international payments remain free and you will not be charged for currency conversion fees when you decide to make payments in the local currency.
