How much it costs to draw R1,000 from an ATM

In South Africa, banking charges are one of the most important considerations when deciding which bank to sign up with.

These costs are often difficult to find, however, as banks’ pricing documents tend to be long and complicated.

To help simplify the process of investigating bank fees, MyBroadband has detailed how much it costs to draw money from an ATM in South Africa – based on the fees of the country’s biggest banks.

Using the example of drawing R1,000, we have detailed how much you will pay in fees when using FNB, Standard Bank, Capitec, Absa, Nedbank, and TymeBank.

The results are listed below.


FNB

FNB logo

FNB
Withdrawal type Pricing Cost to withdraw R1,000
Own ATM withdrawal R1.90 per R100 R19
Other ATM withdrawal R9 + R1.90 per R100 R28

Standard Bank

Standard Bank logo

Standard Bank
Withdrawal type Pricing Cost to withdraw R1,000
Own ATM withdrawal R1.85 per R100 R18.50
Other ATM withdrawal R9 + R1.85 per R100 R27.50

Capitec

Capitec

Capitec
Withdrawal type Pricing Cost to withdraw R1,000
Own ATM withdrawal R0.60 per R100 R6
Other ATM withdrawal R0.80 per R100 R8

Absa

Absa logo

Absa
Withdrawal type Pricing Cost to withdraw R1,000
Own ATM withdrawal R4.50 + R1.50 per R100 R19.50
Other ATM withdrawal R7.50 + R1.50 per R100 R22.50

Nedbank

Nedbank logo

Nedbank
Withdrawal type Pricing Cost to withdraw R1,000
Own ATM withdrawal R7 R7
Other ATM withdrawal R8 + R2 per R100 R28

TymeBank

TymeBank Logo

TymeBank
Withdrawal type Pricing Cost to withdraw R1,000
Point of sale withdrawal (PnP and Boxer) Free Free
Point of sale withdrawal R2 R2
Other ATM withdrawal R0.80 per R100 R8

Now read: R1.10 to send an email – Bank fees must die

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How much it costs to draw R1,000 from an ATM