It’s tricky to decide on which bank to choose when setting up your business or personal account in South Africa. There are so many banks with different offers, it’s hard to see which one has the lowest charges and fees overall! But in this article, we’ll guide you through all the different banking options, giving you helpful tips and advice on how to make the best decision for your needs.
Banks in South Africa with no transaction fees
The Nedbank account is a no-fee account with two free ATM transactions per month and unlimited electronic banking. Transactions up to R25 000 are also free, but you will be charged an admin fee of R50 for every transaction over that amount.
Banks in South Africa that offer a rewards programme
If you’re looking for a bank that offers rewards, then look no further than Standard Bank. They have a rewards programme called Moneywise Rewards, which gives you access to certain discounts and offers. If this doesn’t suit your needs, then you could try FNB or Nedbank.
Banks in South Africa with low credit card interest rates
When it comes to credit cards, what’s important is not just the annual percentage rate (APR), but also how much interest you’ll pay on your balance. If you’re looking for a low-interest credit card, check out Standard Bank, Nedbank and FNB. All three of these banks have interest rates below 10%.
