How much Does Capitec Charge for Withdrawal?
How much does Capitec charge for withdrawal? A lot of customers have been asking. Capitec is the largest bank in South Africa when it comes to customer numbers. If you are one of them, you may be wondering how much Capitec is going to charge you when you withdraw money. Perhaps there is a limited amount of money in your account and you are wondering how much you can safely withdraw before reaching the limits.
How much are you charged when you withdraw money from Capitec?
The following are the charges that Capitec levies on cash withdrawals at various points;
| Outlet | Charge |
|---|---|
| PnP or Shoprite till points | R1.75 |
| Checkers or Boxer till points | R1.75 |
| Capitec ATM | R9.50 per R1 000 |
| Other bank ATM | R10.50 per R1 000 |
| International Mastercard® ATM | R80.00 |
| International Mastercard®card machine | R9.00 |
Explanation
That’s the answer to the question, how much does Capitec charge for withdrawal. In this section, we are going to give you a brief explanation of the above table.
The amount that you are charged when withdrawing cash at Capitec depends on where you are making your withdrawal. It also depends on the type of card that you have.
When withdrawing from till points in supermarkets, the amount that you are charged is R1.75. You can make your withdrawal from Pick n Pay and Shoprite stores. You can also withdraw from Boxer and Checkers stores.
If you are making your withdrawal from a Capitec ATM, you get charged R9.50 for every R1000 that you withdraw. For withdrawals from ATMS belonging to other banks, you get charged R10.50 for every R1000 that you get.
When withdrawing using an international MasterCard card, you are charged R80 per transaction. So, you can see from the above that the cheapest way to withdraw money is at a retail store such as at Boxer.
Summary
In this post, we answered the question how much does Capitec charge for withdrawal. We noted that the amount that you are charged depends on a number of things.
First, the location where you are making your withdrawal comes into play. You will get charged less when withdrawing from one of the participating retail stores.
Meanwhile, withdrawal at an ATM attracts a bit more. You will also be charged more when using a Capitec card at another bank. Meanwhile, when you use an international Mastercard card, you also pay more to get cash.
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