Capitec Bank Fees

[DA-LION-619]

Sub accounts with Capitec? Those can be accessed with your card.

I would prefer to disable sms notifications and only get one when the total for the day reaches over something like R1000.

How? Capitec ATM?

 

[Swa]

How? Capitec ATM?

Yes

 

[Thor]

Sub accounts with Capitec? Those can be accessed with your card.

I would prefer to disable sms notifications and only get one when the total for the day reaches over something like R1000.

Really? I could swear to God the guy explicitly said you cannot access it unless you are online or using the app.

That was one of his selling points.

Fck me

 

[Stokstert]

Capitec Transaction fees

 

[Swa]

Really? I could swear to God the guy explicitly said you cannot access it unless you are online or using the app.

That was one of his selling points.

Fck me

I don't know what he was telling you but it's certainly not what I found out. My niece went into the branch and they just sent her to the outside ATM to do it. Think you have to do a transfer first as most ATMs will only let you withdraw from main account by default.

 

[Thor]

I don't know what he was telling you but it's certainly not what I found out. My niece went into the branch and they just sent her to the outside ATM to do it. Think you have to do a transfer first as most ATMs will only let you withdraw from main account by default.

There you counterndicited your statement.

You can't access the sub accounts via atm

 

[DA-LION-619]

I don't know what he was telling you but it's certainly not what I found out. My niece went into the branch and they just sent her to the outside ATM to do it. Think you have to do a transfer first as most ATMs will only let you withdraw from main account by default.

WTF

There you counterndicited your statement.

You can't access the sub accounts via atm

+1

 

[Swa]

There you counterndicited your statement.

You can't access the sub accounts via atm

I didn't contradict anything. You can do a transfer with the atm so you CAN access them. You may even be able to withdraw from them directly with some atms.

 

[Diesal]

I just want to find out of this has always been the case and how these fees compares to other bank accounts.

I see when I pay someone via the Capitec App I get slapped with a TRANSFER FEE of R1.50 and then a EMAIL NOTIFY of R0.40 then a SMS NOTIFY R0.40 followed by a SMS FEE of R1.20.

WTF?

Then when Afrihost takes their money for hosting I get a EXTERNAL DEBIT FEE of R3.40

If I buy something from a shop I get a SMS FEE of R0.80

Then If I transfer money from my main account to one of the sub account I get slapped with a MONEY IN SMS FEE of R1.20 and a MONEY OUT SMS FEE of R1.20

and then lastly MONTHLY ADMIN FEE of R5.25

So my question does this seem right? How does this compare to other banks?

Yes this has always been the case.

If you don't want the sms for your purchases set your limit higher, compare the R3.40 you pay for the debit order with Standard Bank's R13.00 and FNB's R15.00 (?)

 

[DA-LION-619]

I didn't contradict anything. You can do a transfer with the atm so you CAN access them. You may even be able to withdraw from them directly with some atms.

I've never been able to withdraw from the sub accounts at any ATM, or transfer. Can anyone else confirm? Maybe Okie?

 

[ɹǝuuᴉM]

FNB Easy Account is R4.95 pm, and free sms's, just sayin....

FNB Easy Account is an absolute joke! You get slapped with all sorts of fees afterwards ! ! ! At first sight,
looks ok but in practice is a nightmare. Opening it was very quick. Closing it was another matter though. After many emails I was tolled I am earning too much and I was offered all sorts of expensive accounts. WTF
Never again. Capitec is not the golden egg either but is the best if you earn a slightly higher than average salary.

 

[Thor]

I didn't contradict anything. You can do a transfer with the atm so you CAN access them. You may even be able to withdraw from them directly with some atms.

Nope. You cannot.

 

[Thor]

Yes this has always been the case.

If you don't want the sms for your purchases set your limit higher, compare the R3.40 you pay for the debit order with Standard Bank's R13.00 and FNB's R15.00 (?)

Yea this thread places things into perspective. Capitec is by far the most affordable.

Why would people still use Absa?

FNB I can understand due to its business orientated RMB

 

[Swa]

Nope. You cannot.

Then why was she told to do it and then did?

 

[Thor]

Then why was she told to do it and then did?

She did not listen and imagined it.

Im at the atm.

 

[Thor]

.

 

[Chevron]

I just want to find out of this has always been the case and how these fees compares to other bank accounts.

I see when I pay someone via the Capitec App I get slapped with a TRANSFER FEE of R1.50 and then a EMAIL NOTIFY of R0.40 then a SMS NOTIFY R0.40 followed by a SMS FEE of R1.20.

WTF?

Then when Afrihost takes their money for hosting I get a EXTERNAL DEBIT FEE of R3.40

If I buy something from a shop I get a SMS FEE of R0.80

Then If I transfer money from my main account to one of the sub account I get slapped with a MONEY IN SMS FEE of R1.20 and a MONEY OUT SMS FEE of R1.20

and then lastly MONTHLY ADMIN FEE of R5.25

So my question does this seem right? How does this compare to other banks?

Other banks charge you a monthly fee much higher, say R99 or R199p/m and give your "FREE" transactions and notifications.

So you're still coming out ahead. Nevermind that ATM withdrawals are much cheaper with Capitec.

 

[Papsak]

I just want to find out of this has always been the case and how these fees compares to other bank accounts.

I see when I pay someone via the Capitec App I get slapped with a TRANSFER FEE of R1.50 and then a EMAIL NOTIFY of R0.40 then a SMS NOTIFY R0.40 followed by a SMS FEE of R1.20.

WTF?

Then when Afrihost takes their money for hosting I get a EXTERNAL DEBIT FEE of R3.40

If I buy something from a shop I get a SMS FEE of R0.80

Then If I transfer money from my main account to one of the sub account I get slapped with a MONEY IN SMS FEE of R1.20 and a MONEY OUT SMS FEE of R1.20

and then lastly MONTHLY ADMIN FEE of R5.25

So my question does this seem right? How does this compare to other banks?

you will then be very surprised to see what other banks charge!

BTW have just changed my SMS notification - have made it so money in does not trigger an SMS and R1000 or more triggers that should cut down on a few anyway.

Monthly, my interest always out weighs my fees - Capitec, IMO, by far the best bank.

 

[Swa]

She did not listen and imagined it.

Im at the atm.

Funny that I must have also imagined it then. I suppose I also imagine seeing the transfer option every time I go to the atm? And the transaction being in their fee list?

 

[Swa]

From Capitec fee list:

Transfers/Payments/Purchases
...
Transfer to own account (app/Internet, *120*3279#1, Capitec Bank ATM, branch)

It's there alright.