{"id":338,"date":"2007-06-20T08:11:09","date_gmt":"2007-06-20T06:11:09","guid":{"rendered":""},"modified":"2007-06-20T08:11:09","modified_gmt":"2007-06-20T06:11:09","slug":"weigh-up-your-banking-options","status":"publish","type":"post","link":"https:\/\/mybroadband.co.za\/news\/technology\/338-weigh-up-your-banking-options.html","title":{"rendered":"Weigh up your banking options"},"content":{"rendered":"

Most of us know it is possible to skip the queue at ATMs thanks to the checkout operators at a growing number of grocery chains that are now doubling up as bank tellers. <\/font><\/p>\n

But is it more expensive to draw money at a till than an at an ATM? The accompanying table shows that tills generally offer a better deal . <\/font><\/p>\n

South African banks recently dropped Saswitch fees, an additional charge that consumers pay for using another bank's ATM  to about R5. <\/font><\/p>\n

Though this is an improvement on the R6 to R7 charged in the past, tills still offer a far better deal . <\/font><\/p>\n

It is often even cheaper to draw money at a grocery chain's till than at your own bank's ATM. <\/font><\/p>\n

Capitec, which with 300 ATMs has the smallest investment in teller machines to protect, is the most aggressive bank when it comes to encouraging its account holders to use retail point-of-sale terminals. <\/font><\/p>\n

Capitec offers lower banking fees at Pick 'n Pay checkouts than the fees charged for using grocery chain's own Go Banking cards. <\/font><\/p>\n

Capitec has negotiated the use of its banking cards at a wide range of retail chains whereas Go Banking is limited to stores within the Pick ?n Pay group. <\/font><\/p>\n

Credit cards have an advantage over debit cards in that the merchant pays the bank?s transaction fee. <\/font><\/p>\n

Here again Capitec is offering a competitive deal by allowing its debit card holders to make transactions for free at a range of retailers. <\/font><\/p>\n

ATMs have the advantage of operating 24 hours a day, and most of us trust machines to count money more reliably than a human being. <\/font><\/p>\n

But given the long hours that most grocery stores keep nowadays, and the safer environment that their shops offer, the till might yet make the ATM a relic of a past era. <\/font><\/p>\n

<\/font><\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

Which is the better cash dispenser? ATMs or grocery tills functioning as bank tellers. <\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_sma_x_autopost_status":"idle","_sma_x_autopost_error":"","_sma_x_post_id":"","_sma_facebook_post_id":"","_sma_instagram_post_id":"","_sma_threads_post_id":"","_sma_x_attempts":0,"footnotes":""},"categories":[17],"tags":[],"class_list":["post-338","post","type-post","status-publish","format-standard","hentry","category-technology"],"_links":{"self":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/posts\/338"}],"collection":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/comments?post=338"}],"version-history":[{"count":0,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/posts\/338\/revisions"}],"wp:attachment":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/media?parent=338"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/categories?post=338"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/tags?post=338"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}