Customers can now get full details on Capitec fees 2022, particularly for withdrawal and deposits, after the bank announced new charges that took effect on 1 March.
In a statement, Capitec Bank said digital banking fees will not change, adding that it has introduced new free payment features on its banking app.
Capitec fees 2022
You can view or download the full PDF schedule of Capitec fees 2022 on the bank’s official website here. 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): R1.30 per R100
- Notes (branch): R4.00 per R100
- Coins (branch/coin deposit machine): R10.00 per R100
- Incoming international payment in rand or foreign currency: R50.00
- Exchange Control Application fee: R1,020.00
Capitec withdrawal fees
The withdrawal fees are as follows:
- PnP/Shoprite/Checkers/Boxer till point: R1.75
- Capitec ATM: R8.00 per R1,000
- Other bank ATM: R10.00 per R1,000
- International Mastercard® ATM: R70.00
- 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 R6.50 while credit card customers will pay a R45 monthly charge.
Other charges
Email payment notifications will remain free while SMS notifications will cost R0.25. Clients who request card delivery will pay a R150 delivery 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.
Payments to another Capitec account will cost R1 on the app/internet and R9 at a branch. Payments to another bank are charged at R1.50 on the app/internet and R9 at a branch.
To send cash, customers will pay a fee of R8 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.
Capitec Bank also said clients can now send money instantly to other Capitec clients via the newly launched Pay Me option. This option allows clients to generate a personalised QR on the bank’s app to receive payments instantly from other Capitec clients