Capitec fees 2023: Deposit, withdrawal and other bank charges

Customers can now get full details on Capitec fees 2023, particularly for withdrawal and deposits, after the bank announced new charges that take effect on 1 March.

In a statement, Capitec Bank said most digital banking fees will not change, with card and online purchases remaining free. Nevertheless, there will be some price hikes on certain digital transactions. As is often the case, cash deposit and withdrawal fees have gone up.

Capitec fees 2023

You can view or download the full PDF schedule of Capitec fees 2023 on the bank’s transact flyer here. Alternatively, you can view the fees on Capitec’s website. We have summarised some common bank charges below.

Capitec cash deposit fees

The banking group’s cash deposit fees are as follows:

Cash for loan repayment: FREE
Notes (cash-accepting ATM): R1.40 per R100
Notes (branch): R4.00 per R100
Coins (branch/coin deposit machine): R15.00 per R100
Incoming international payment in rand or foreign currency: R50.00
Exchange Control Application fee: R1,000.00

Capitec withdrawal fees

The withdrawal fees are as follows:

PnP/Shoprite/Checkers/Boxer till point: R1.75
Capitec ATM: R9.50 per R1,000
Local other bank ATM: R10.50 per R1,000
International Mastercard® ATM: R80.00
International Mastercard® card machine: R9.00

Holders of the Global One account (minimum account balance of R25 in main savings account) will pay a monthly administration fee of R7 while credit card customers will pay a R50 monthly charge.

Other bank charges

Email payment notifications will remain free while SMS notifications will cost R0.30. Clients who request card delivery will get it for free, but if they cancel the card delivery, they will pay a R150 fee.

Purchases at local/international Mastercard® card machines are free. Similarly, customers will not pay a charge for online/scan to pay/telephone purchases.

Airtime/data/SMS bundles/electricity purchases via the Capitec app and *120*3279# USSD code will cost R0.50 but are free via card. If you choose to buy via other bank ATM, it will cost you R8.

Transfers between your own accounts are free, while payments to another Capitec client (with verified cell phone number) will cost R1 on the app/internet and via USSD code.

Capitec fees 2023 also affect payments to another Capitec account which will cost R1 on the app/internet and R10 at a branch. Payments to another bank are charged at R2 on the app/internet and R10 at a branch.

To send cash, customers will pay a fee of R9.50 on the app or USSD for amounts between R40 and R1,000. Amounts between R1,010 and R3,000 will cost R16 on the app.

In addition to the Pay Me service introduced last year, Capitec Bank has also introduced the following new digital solutions this year (fees in brackets):