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Here are your banking fees for 2016
From January, new banking fees have kicked in at three of five of South Africa's major banks. Detailed in the tables below are a selection of key transaction fees, and what customers would pay in processing R1,000 per transaction.
These fees cover the charges across middle market accounts at South Africa’s retail banks on a pay-as-you-transact (PAYT) basis. The country’s banks offer various bundled and unlimited options which provide certain transactions free of charge, sometimes in a limited capacity. FNB updates its prices in the middle of the year (in June), while Capitec increases fees from March.
BusinessTech has included the standing fees at these two banks until the new prices are introduced later in 2016.
Read the original article on BusinessTech.
Source: BusinessTech
