Fees have increasingly been in the spotlight in 2018, and with rising competition in the banking sector and budgets coming under severe pressure, Bianca Botes, Corporate Treasury Manager at Peregrine Treasury Solutions, notes that it is high time South African businesses took a hard look at their banking costs.
Capitec Bank has announced its 2017 pricing. The fees on remote banking (including internet and cellphone) will remain unchanged, while the fees for branch transactions will increase marginally and largely simplified to a set R5.00 per transaction. The changes come into effect on 1 March 2017.
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