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Business banking 2021 pricing

We recognise the unprecedented impact COVID-19 had on businesses and consumers in 2020. We offered relief to our business customers in the form of fee reductions, waivers and payment holidays on loans totalling more than R114 billion.

In 2021, we remain committed to delivering value to our business banking clients and supporting them with their recovery, which is why we’ve made significant changes to our business banking fees - where in most instances we have either reduced our fees or kept them the same.

KEY PRICING UPDATES
Here’s how we’re delivering even more value to our business customers in 2021 with simpler fee structures and more competitive rates:
Cash payments
We’ve reduced our card swipe fee to make it easier for businesses to buy stock using their card instead of cash
ATM cash deposit fees
We know it can be challenging to step away during business hours to deposit cash, so you can now deposit up to R10 000 at our ATMs for a fee of just R9 per R1 000 deposited
Cash Secure solutions
We’ve made it easier for our customers who handle large cash values to try our CashSecure on-site solutions without having to sign long-term contracts. Get your 3-month device rental for free
Inter-account transfers
Making inter-account transfers is now free on the Banking App and Internet Banking
Paying salaries
You can now pay salaries via Internet Banking from as little as R1 per transaction to employees who bank with us, or R3 per transaction to employees banked with other institutions
Paying suppliers
We’ve dropped our fees on Electronic Account Payments (EAP), so paying your suppliers electronically is now more affordable