Business
Capitec Unveils Simplified Fee Structure for 2025

Capitec has announced a new fee structure for 2025, designed to simplify banking costs for its customers. The new model consolidates over 30 price points into five easy-to-understand tiers, making it easier for South Africans to manage their banking fees.
Simplified Pricing Tiers
Francois Viviers, Capitec’s Group Executive: Marketing and Communications, explained that the new fee structure aims to reduce costs for essential banking services such as debit orders and immediate payments, thus making the banking process more transparent and affordable.
The breakdown of the five price points is as follows:
Fee Tier | Service | Cost |
---|---|---|
R1 | Payments between Capitec accounts, including Capitec Pay | R1 |
R2 | Payments to other banks via EFT or PayShap | R2 |
R3 | Debit orders | R3 |
R6 | Immediate payments for real-time transfers | R6 |
R10 | Cash withdrawals per R1,000, at Capitec or other banks’ ATMs | R10 |
Business Banking Clients
The new fee structure is also available to Capitec’s business banking clients, who will receive the same rates as personal banking accounts. However, business accounts are required to maintain a minimum balance of R150 and pay a monthly fee of R50. This fee includes access to a dedicated 24/7 relationship suite for personalized support.
For personal banking clients, the monthly account fee remains unchanged at R7.50.
Capitec’s Vision for the Future
Viviers emphasized that Capitec’s approach aims to make banking more affordable, simple, and transparent. The bank is leveraging cloud computing, particularly through Amazon Web Services (AWS), to enhance operations, improve system resilience, and roll out new features more quickly.
Capitec’s updated fee structure aligns with the South African Reserve Bank’s (SARB) Vision 2025, which aims to drive economic growth through more inclusive and accessible digital payment systems. Viviers added, “When more South Africans and businesses have access to affordable banking services, it creates a ripple effect throughout the economy.”
Follow Joburg ETC on Facebook, Twitter , TikTok and Instagram
For more News in Johannesburg, visit joburgetc.com