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This bank is still the cheapest for personal transactions, Solidarity research shows

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Johannesburg – Capitec bank still reigns supreme when it comes to bank charges related to personal transaction accounts, but competition is still tight, research revealed.

This is according to the Solidarity Research Institute’s (SRI) Bank Charges Report for 2017, which considers the major personal transactional accounts of the five major banks operating in South Africa.

“The Big Four banks have little room to increase fees at the lower end of the market, and this is owed to the sustained pressure from Capitec’s offer,” said Gerhard van Onselen, economics researcher at SRI.

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