Cheapest Bank and Account

[shakes1]

Hi guys

Perhaps you could help, we've been having a discussion this morning regarding the cheapest bank to be with.

Let's take this for example. You have a individual who's formally employed, professional qualification, earns a decent salary, requires about 10 debit orders, a few cash withdrawals, perhaps 30 card swipes and payments to other banks a month. No need for any real loyalty programme, unless it is very worthwhile.

What would be the cheapest option for him to be on? None of the banks have a simplified costing structure to help.

What are your thoughts? Ta

 

[Oreomitch]

AKAIK, Capitec have the cheapest which looks like it matches your usage well

 

[DA-LION-619]

I'd recommend Capitec, but if you need a credit card etc. take a look at FNB's easy account.

 

[NeonNinja]

Capitec FTW!

 

[SYNERGY]

Hi guys

Perhaps you could help, we've been having a discussion this morning regarding the cheapest bank to be with.

Let's take this for example. You have a individual who's formally employed, professional qualification, earns a decent salary, requires about 10 debit orders, a few cash withdrawals, perhaps 30 card swipes and payments to other banks a month. No need for any real loyalty programme, unless it is very worthwhile.

What would be the cheapest option for him to be on? None of the banks have a simplified costing structure to help.

What are your thoughts? Ta

Honestly, I would go with FNB.

I earn more in eBucks then my monthly fee.

I am on the Fee Saver option which I believe is no longer available.

Second option would be Capitec...

 

[Chevron]

Hi guys

Perhaps you could help, we've been having a discussion this morning regarding the cheapest bank to be with.

Let's take this for example. You have a individual who's formally employed, professional qualification, earns a decent salary, requires about 10 debit orders, a few cash withdrawals, perhaps 30 card swipes and payments to other banks a month. No need for any real loyalty programme, unless it is very worthwhile.

What would be the cheapest option for him to be on? None of the banks have a simplified costing structure to help.

What are your thoughts? Ta

Capitec.

 

[MrR]

Capitec + Virgin Money CC should sort you out.

Some of the other banks have loyalty programmes (like FNB) that could see your fees minimized to effectively zero cost; however, this would be dependent on your usage patterns.

 

[falcon786]

I have a Capitec account that I use for savings and its dirt cheap,however for my main account I use Standard Bank Elite for R109 per month it may sound like more but considering all the transactions I do it ends up saving me quite a bit,also I can deposit up to R15k a month free in this account through an instant ATM,now I know most people don't deposit but I do so it works out great for me.

 

[HibiscusTunes]

Try Capitec. I earn more interest than the fees they charge.