The 2019 banking fee increases you need to know about

[BusinessTech]

The 2019 banking fee increases you need to know about

2019 is upon us, and if you're still reeling from all the spending done over the festive season, let us draw your attention to some increases that are taking effect this week at your local bank.

 

[Speedster]

From 1 January 2019, all South Africa’s banks’ new fees and charges come into effect – as a result, you can expect to pay more at ATMs and points of sale to get hold of your money.

And

FNB updates its fees in June, while Capitec’s fees will be updated in February 2019. Old Mutual’s Money Account fees are effective from October 2018, while Bidvest Bank’s new Grow account launched in December.

I mean, who writes these articles?

 

[ekske1]

And



I mean, who writes these articles?

My Decolonized Journalists?

 

[supersunbird]

MyBB Lobotomized Journalists?

FTFY

 

[backstreetboy]

No mention of Tyme Bank?

 

[Slootvreter]

....expect branches to be even more understaffed.

 

[supersunbird]

....expect branches to be even more understaffed.

What's a branch? lol

 

[ekske1]

FTFY

Then their target readers are My Lobotomized Readers?

 

[PoppieChoffel]

Withdrawing from a non native Capitec ATM is still cheaper than drawing from any of the other banks native ATM's as an account holder with them. Ridiculous that the "larger" banks still get away with charging what they do. Glad I moved to Capitec, and staying there.

 

[Speedster]

Withdrawing from a non native Capitec ATM is still cheaper than drawing from any of the other banks native ATM's as an account holder with them. Ridiculous that the "larger" banks still get away with charging what they do. Glad I moved to Capitec, and staying there.

Withdrawing is free for me

 

[supersunbird]

Withdrawing is free for me

Yeah, on some fancy plan.

 

[PoppieChoffel]

Withdrawing is free for me

What do your monthly account fees look like?

 

[lord-of-war]

The fee table is missing EFT pricing. Weird as I would have thought that would be the most used payment type and can have a major impact on your monthly fees.

 

[supersunbird]

What do your monthly account fees look like?

Free, once he takes ebucks into account

 

[PoppieChoffel]

The fee table is missing EFT pricing. Weird as I would have thought that would be the most used payment type and can have a major impact on your monthly fees.

Good point, I didn't actually realise that.

 

[Speedster]

What do your monthly account fees look like?

R350-odd per month for everything. I offset that with about R1500 ebucks pm (or R2500 using discounts)