These are South Africa ATM Withdrawal Fees
Following events of 2021, particularly the protests and looting of bank ATMs across South Africa, and the COVID-19 lockdowns, banks came together and waived withdrawal fees across SASWITCH network ATMs, which number over 20,000 in the country.
For the months of August and September, account holders could withdrawal money from any ATM without paying any fees.
This grace period ended on September 30, 2021, and now banks are reinstituting their old fees.
“To assist social grant recipients and those who live in areas where Automated Teller Machines (ATMs) and branches had been destroyed, bank customers have been able to use any ATM, including those not operated by their own bank, without incurring additional charges, from 1 August 2021 until 30 September 2021,” the Banking Association of South Africa (BASA).
“However, banks have to recover the operating costs of the ATM network to ensure that they can be sustained and maintained, in the service of all South Africans. Subsequently, from 01 October charges for using ATMs not operated by a customer’s bank, will be re-instated.”
Following expiry of this waiver, this is what you can expect to pay as ATM fees across banks in South Africa.
Absa South Africa ATM withdrawal fees
Absa ATM
* Youth and Student: Free
* Absa Transact: R8.00/R1 000
* Pay-as-you-Transact: R2.20/R100
Absa-supported ATM
* Youth: R8.00/R1000
* Student: R6.00 + R2.20/R100
* Absa Transact: R8.00/R1 000
* Pay-as-you-transact: R6.00 + R2.20/R100
SASWITCH ATM
* All customers: R12.00 + R2.20/R100
Standard Bank South Africa ATM withdrawal fees
Standard Bank ATM
* R7.50 per R1 000 or part thereof
SASWITCH ATM
* R10 per R1 000 or part thereof
Nedbank ATM withdrawal fees
Nedbank ATM
*R2.20+ R2,20 per R100
SASWITCH ATM
* R10,50 + R2,20 per R100
International bank ATM
* R55,00 + R2,20 per R100
FNB ATM withdrawal fees
FNB ATM
* R2.00 per R100
SASWITCH ATM
* R10.00 + R2.00 per R100
Capitec Bank ATM withdrawal fees
Capitec ATM
* R8.00 per R1000
SASWITCH ATM
* R9.00 per R100
Discovery Bank ATM withdrawal fees
Discovery ATM
* R4.50 + 1.5% of amount
SASWITCH ATM
* R4.50 + 1.5% of amount