These are South Africa ATM Withdrawal Fees

These are South Africa ATM Withdrawal Fees

Bank ATM fees South AfricaFollowing 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

* 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

* R10 per R1 000 or part thereof

Nedbank ATM withdrawal fees

Nedbank ATM
*R2.20+ R2,20 per R100

R10,50 + R2,20 per R100

International bank ATM
R55,00 + R2,20 per R100

FNB ATM withdrawal fees

* R2.00 per R100

R10.00 + R2.00 per R100

Capitec Bank ATM withdrawal fees

Capitec ATM
* R8.00 per R1000

R9.00 per R100

Discovery Bank ATM withdrawal fees

Discovery ATM
* R4.50 + 1.5% of amount

R4.50 + 1.5% of amount