Capitec Bank Fees

I'm not saying FNB is the be all and end all, just pointing out that there are alternatives compared to Capitec, they are no longer the only bank offering a cheap account...
FNB has just copied Capitec at the end of the day, and made their product slightly cheaper in many instances.
 
Hendrix said:
Relax, cool down, and have a beer.
Maybe it doesn't suit your exact needs, you have used one example.
That doesn't make Capitec cheaper, did you even read the links posted where it clearly shows FNB to be cheaper?
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Cheaper for what? Clearly not the average person as the examples show.
 
Hendrix said:
View attachment 364774
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Only two accounts come close to Capitec. You never answered to having to draw cash. How many people can go without having to draw cash? Draw cash from FNB and you pay about as much from that alone as all Capitec transactions. So using what logic do you figure FNB to be cheaper when even this table shows them not to be and that's without the interest you get.
 
FNB beats Capitec on some fees, and visa versa.
Use the available info or not.
Btw, the FNB savings pocket offers higher interest, 5.5% vs 5.35%.
 
Hendrix said:
FNB beats Capitec on some fees, and visa versa.
Use the available info or not.
Btw, the FNB savings pocket offers higher interest, 5.5% vs 5.35%.
Click to expand...
Capitec beats FNB for the average person and even for most of the non-average people. Capitec beats FNB's savings pocket btw if you have R25k, 5.65% vs 5.5%. 5.9% if you have R100k. What's your point? Why should money be kept in a special account you can't regularly use instead of your normal transactional account? There's no difference between the two for the bank.
 
Isn't it typical "big bank" mentality to not give you interest on the account, it's got to me moved to a "pocket"? And why not just call it by what it is? A saving account with f-all interest, and a linked savings account? For me, that makes a huge difference as my interest is always more than my fees - and I do not have to shuffle money about to get the interest.

Had a business account with FNB for years - man, did I get shafted, but, to be fair, they where cheaper than the others - I did check. R15 for a debt order? Why is a debt order of a private account so much cheaper than a business account? They seriously shaft small business.

For the last couple of years ran it of of the savings account of my capitec account - worked perfectly, kicking myself for not switching before. Some people do not know that you can have debt orders running of those sub accounts as well as, of course, etfing in and out of them. Just rename it to the business name. Only works for sole props though.
 
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