Comparing banking fees is not an exact science, as everyone has a different banking behaviour, however, the report provides an overview of bank fees and guidance to consumers of what they should expect to pay for banking services.If you are paying significantly more, it could be that you do not have the correct banking package for your needs, or you need to review your banking behaviour to identify what transactions are costing you significantly more.
According to the report, FNB Fusion Aspire customers would pay R99 a month, while it would cost Capitec customers R97 a month. The report identified that banking had become more affordable as banks adapted to the pockets of their customers and that loyalty reward programmes were putting real value back into the pockets of consumers.Du Buisson said that, “while consumers are reeling under the pressure of increased interest rates and inflation, banks are adjusting their value-added offer to ensure they remain competitive.
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