Capitec moves to keep banking fees the same: Here’s what other banks are charging

Capitec Bank, the biggest bank in South Africa by customer numbers, has announced it will not increase its banking fees in 2026. The bank serving more than 25 million people will use the pricing strategy that was established in 2025. The Stellenbosch-headquartered bank is widely considered one of the country’s most affordable, transparent, and competitive banks for transactional banking, with a monthly fee of R7.50 on the bank’s main account.

How do other banks in the country charge their fees? Capitec Bankannounced on Thursday that it will continue to use its pricing strategy from 2025 for 2026. These are the bank’s fees until next year: Unlike other banks in the country, Capitec only has a limited number of accounts: Global One account (main/debit), credit card, Entrepreneur Card account, and business account.

The bank said it will charge R50 monthly for the credit card, R70 to issue a new Entrepreneur Card, and R2 (from R3) for balance enquiry on International Mastercard Machine. Coming soon to the bank, it will be issuing the Smart identification documents (IDs), which will cost R10. “Remote banking app limits for sending cash: R3 000 per transaction, R5 000 per day, R24 990 per month,” said the bank.

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“Mobile banking limits for sending cash: R1 000 per transaction, R1 000 per day, R24 990 per month.” First National Bank (FNB), a subsidiary of FirstRand, has a number of different banking accounts, ranging from accounts for children under the age of 18, to ones for the country’s high-earning group. According to their website, the cheapest account they have is theEasy Zero, which has no monthly charge. However, users of this account get charged for other transactions.

For example, cash withdrawals from FNB ATMs is R12, and from non-FNB ATMs is R12 plus R2.70. The country’s elites qualify for the FNBPrivate Wealth accounts, which might be the most expensive when it comes to fees, with a reissuing of a metal fusion card costing R1 200. When it comes to the Private Wealth credit card, clients can have more than five cards for free, but from the 6th card going upwards they have to pay R21.50 per card, per month.

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