
Cape Town - Capitec, which has grown to become the country’s second-largest bank by customer number, announced new fees for 2018.
The updated bank charges, effected on March 1, sees the monthly admin fee increase with 25c to R5.75.
"We believe that everyone should easily understand what they pay, and what they get," said Capitec executive for marketing and communications Francois Viviers.
Capitec said the new pricing was kept simple in order to be as transparent as possible for clients.
"It's about helping our clients to bank better and thereby capitalise on opportunities to save – like transacting online rather than at a branch or paying with a card rather than cash."
www.fin24.com/Companies/Financial-Services/see-your-new-capitec-bank-charges-20180304