Capitec Bank's new 2025 fee structure: What you need to know

Capitec has announced a new fee structure for 2025 which revolves around five key price points: R1, R2, R3, R6, and R10.

Francois Viviers, Group Executive: Marketing and Communications, Capitec said: "By consolidating our fees into clear, simple tiers and reducing costs for essential services like debit orders and immediate payments, we’re making it easier for South Africans to understand and manage their banking fees."

Capitec Bank said that by simplifying over 30 price points into these five clear tiers, the bank is making banking fees more transparent.

Here is a breakdown of the five price points:

- R1: Payments between Capitec accounts, including Capitec Pay.

- R2: Payments to other banks via EFT or PayShap.

- R3: Debit orders.

- R6: Immediate payments for real-time transfers.

- R10: Cash withdrawals per R1,000, at Capitec or other banks’ ATMs.

The new fee structure is also available to business banking clients, giving business clients the rates as personal banking accounts.

Business accounts are required to have a minimum balance of R150 and include a monthly fee of R50, which gives business accounts access to a dedicated relationship suite available 24/7 for personalised support.

The monthly account fee for personal banking clients remains unchanged at R7.50.

"Traditional banking is complex and expensive, at the expense of most South Africans. Our fundamental belief is that pricing should be affordable, simple and transparent so that our clients know what they pay and what they get," Viviers said.

According to Viviers, the bank leveraged cloud computing, particularly through Amazon Web Services (AWS), to optimise their operations, improve system resilience, and deliver features faster.

Capitec’s new fee structure is in line with the South African Reserve Bank’s (Sarb) Vision 2025 that has the aim of accelerating economic growth through inclusive payment systems that make digital payments safer, faster, and more accessible.

Viviers said: "When more South Africans and businesses have access to affordable banking services, it creates a ripple effect throughout the economy."

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