How Much Does Capitec Charge for Balance Enquiries?
If you have been expecting money into your account, it’s not uncommon to periodically check your balance. The same applies if you simply wish to see the amount of money that remains in your Capitec bank account. For those that are employed, the end of the month is often characterised by multiple balance checks. You will be asking yourself, has my salary been deposited yet? For most digital banking channels, you get charged when you check your balance. But how much does Capitec charge for balance enquiries?
Capitec balance enquiry fees
The table below shows how much you are going to be charged when you check your Capitec bank balance on different platforms;
| Platform | Balance enquiry fee |
|---|---|
| Capitec’s own platforms | FREE |
| Other South African bank card machine | R1.00 |
| International Mastercard® card machine | R3.00 |
| Other South African bank ATM | R9.00 |
| International Mastercard ATM | R10.00 |
Explanation
As you can see, there are different charges when you check your balance using various platforms. Note that when you use Capitec platforms, you will be charged nothing.
So if you go into a Capitec bank and you use your card to check your balance, you don’t get charged anything. The same applies when you check your balance on the Capitec app.
However, when you do a balance check on a swipe machine belonging to another South African bank, you get charged R1.00.
To check your balance at an ATM belonging to another South African bank, your are charged R9. That’s a lot, meaning it’s better to stick to Capitec’s own ATMs and other digital platforms.
What if you are outside the country? Well, when you check your balance on a POS Mastercard machine, the charge goes up to R3 per check.
Checking your balance at a Mastercard ATM outside the country attracts a charge of R10. So, again, you may wish to stick to cheaper options.
It’s better to use online banking
In this article, we have answered the question how much does Capitec charge for balance enquiries. One thing to note is that there are cheaper options, and others that are quite expensive.
So, you may wish to stick to cheaper channels. One such is internet banking. No matter where you may be, you will be able to get internet connectivity. It doesn’t matter that you may be in another country.
That makes it easy for you to check your balance online. All that you need to do is to log in and you should be good to go. You can also check your balance on the Capitec bank app. All these platforms are free. USSD is also free, but it does not work outside South Africa.