Entry-level Internet banking fees comparison

[Jan]

Cheapest Internet banking fees in South Africa

FNB's Easy PayU account offers the most affordable online banking transaction fees, while Absa's Transact account was the most expensive, a MyBroadband analysis of entry-level bank accounts showed.

Online banking services became essential as the Covid-19 pandemic and resultant lockdowns restricted people's movement.

 

[Swa]

This doesn't include African Bank.

 

[backstreetboy]

This doesn't include African Bank.

Well yeah African bank had to get bailed out. Why would anyone trust then with their hard earned money?

 

[WollieVerstege]

Always interesting that the savings portion is not included in these comparisons. What is the net effect if you say maintain a minimum balance of R1000, or even R500.

 

[P924]

Always interesting that the savings portion is not included in these comparisons. What is the net effect if you say maintain a minimum balance of R1000, or even R500.

There is no effect.

 

[WollieVerstege]

There is no effect.

Well, on Capitec they will pay you a few Rands to offset the fees, which will then again make it the cheapest. Unless the interest on other accounts are more.

 

[P924]

Well, on Capitec they will pay you a few Rands to offset the fees, which will then again make it the cheapest. Unless the interest on other accounts are more.

Well, with R1000 in capitec will give you about R2.90 a month...

 

[backstreetboy]

Well, with R1000 in capitec will give you about R2.90 a month...

Which'll make it the cheapest...

 

[w1z4rd]

NVM, I’m an idiot, post removed

 

[backstreetboy]

Entry level banking but don’t include Tymebank?

Que?

 

[w1z4rd]

Que?

View attachment 1330768

Fixed my post

 

[Corelli]

Cheapest bank with no real benefits...

Guess you never watched "Up in the air".

My friend on Pay as You go discovered they got charged R1.50 for internet payments, yet I always get it for free.

 

[Mr Justice]

Absa are outright thieves but FNB gets their cut in other ways like closing bank accounts.