When it comes to banking, talk is cheap

[BusinessTech]

When it comes to banking, talk is cheap

In an environment where customers are working to save costs wherever possible, there has never been a better time to re-evaluate the bank you use.

 

[backstreetboy]

While some banks may advertise a monthly fee of just R5 a month, once you start looking at the fees that add up for various transactions, you are actually paying more overall.

Not at all. Capitec debunked that myth yonks ago.

Bank X, on the other hand, charges customers up to R3 for a “processing fee” for international transactions with suppliers such as Netflix and Spotify,

It's R1 for anything less than R200 so this is false since Netflix or Spotify doesn't have any plan that costs that much.

For example, the 40 cents transaction notification fee seems reasonable at first glance, but for a customer with eight debit orders, eight withdrawals, and 14 card swipes, that very quickly adds up to an extra charge of R12 per month.

Just switch on in app notifications?