South Africa’s cheapest bank accounts

Capitec has published its updated fee schedule for 2020/21, including a price freeze on the monthly account fee, debit orders and digital banking costs. However, there are relatively steep increases for customers who continue to deal in cash. According to Capitec, digital banking is changing the way South Africans are handling their finances, which underpins its digital banking focus. While this bodes well for the bank’s ever-increasing presence in the middle market, the bank has lost some ground in the price war in the entry-level market which still largely deals…

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