These fees cover the charges across middle market accounts at South Africa’s retail banks on a pay-as-you-transact (PAYT) basis. The country’s banks offer various bundled and unlimited options which provide certain transactions free of charge, sometimes in a limited capacity. FNB updates its prices in the middle of the year (in June), while Capitec increases fees from March.
BusinessTech has included the standing fees at these two banks until the new prices are introduced later in 2016.
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