Smart Bank Fee Calculator
South African Retail Bank Fee Calculator
Independent comparison of retail bank account carrying costs across FNB, Capitec, Standard Bank, Absa, Nedbank, TymeBank, Bank Zero, African Bank, and Discovery Bank with exact fee formulas and interest yields.
Lowest Net FeeR-7.23
Verified Options40 Accounts
Select Your Banking Profile
Compare personal household accounts or dedicated business & SME bank tariffs.
Customize Your Monthly Banking Habits
Adjust your average transaction counts below to see real-time fee calculations.
R
R0 (Zero Balance)R25,000R50,000R100,000+
Standard Bank Transfers (EFT)
10
Avg amount:
R
Instant Pay & Clear (RTC)
2
Avg amount:
R
Your Bank's ATMs
2
Avg withdrawal:
R
ATMs at Other Banks
0
Avg withdrawal:
R
Electronic Debit Orders
5
Avg amount:
R
Failed Debit Penalty Risk
0
Simulates returned item penalty fees due to insufficient funds.
Market Carrying Cost Distribution & Benchmarks
Evaluated across 40 South African retail bank accounts for your active profile.
Market AverageR131.43/mo
Lowest AvailableR-7.23/mo
Min: R-7.23Median: R119.00Max: R582.19
← Lowest Carrying CostHighest Carrying Cost →
Smart Banking & Fee Insights
Personalized cost-reduction benchmarks calculated for your active transaction profile.
Annual Savings Opportunityvs Market Avg
R1663.92saved every year (R138.66/month)
By choosing TymeBank EveryDay & Goal Save Yield over the market average (R131.43/mo), you keep more money in your pocket every month.
Fee Optimization~R192/yr leak
Convenience Fee Leakage: Instant Pay (RTC / PayShap)
You perform 2 instant transfer(s)/month. Standard electronic transfers (EFT) are free or low-cost (R1–R2) on most digital accounts and clear within hours between major SA banks.
Interest Offset PotentialCredit Yield
+R637.56earned per year (+R53.13/mo)
Maintaining an average balance of R7,500 in high-yield accounts like TymeBank earns credit interest that reduces your net bank fee!
Pro Tip: Automated Debit Order Switching in South Africa
When switching banks, South African banking regulations requires your new bank to assist with automated debit order migration. Most apps (Capitec, FNB, Discovery, Standard Bank) let you transfer active debit orders with a single tap.
👤 Personal Banking Mode
Showing 27 personal & private bank accounts across digital, entry, mid, and premium tiers. Business SME accounts are excluded.
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TymeBank🏆 #1 Best Value Winner
EveryDay & Goal Save Yield
Net Monthly Cost
R-7.23/mo
R-86.76 / year
Monthly Admin FeeR0.00
Transaction FeesR45.90
Credit Interest Earned+R53.13
vs Market Average Saves R1664/yr
Visual Cost Split:Base Fee: 0% • Tx Fees: 100% • Yield Offset: +R53.13
8.5% to 11% interest yield with Goal Save notice periodR0.00 monthly account feeR3.00 immediate EFT clearing
#4
TymeBankZero Monthly Fee
EveryDay Account
Net Monthly Cost
R19.34/mo
R232.08 / year
Monthly Admin FeeR0.00
Transaction FeesR45.90
Credit Interest Earned+R26.56
vs Market Average Saves R1345/yr
Visual Cost Split:Base Fee: 0% • Tx Fees: 100% • Yield Offset: +R26.56
R0.00 monthly account maintenance fee foreverFree standard digital EFTs & debit ordersR3.00 industry-lowest immediate EFT (RTC) feeHigh interest yield on Goal Save accounts (up to 11% max)Smart Shopper double points at Pick n Pay
#5
Bank ZeroZero Maintenance & Zero EFT Fee
Personal Account
Net Monthly Cost
R20.50/mo
R246.00 / year
Monthly Admin FeeR0.00
Transaction FeesR45.50
Credit Interest Earned+R25.00
vs Market Average Saves R1331/yr
Visual Cost Split:Base Fee: 0% • Tx Fees: 100% • Yield Offset: +R25.00
R0.00 monthly subscription feeR0.00 EFT payments & debit ordersR2.00 immediate clearing paymentsPatented card security technology preventing fraud
#6
African BankZero Monthly Fee & 6.50% Savings Yield
MyWORLD High-Yield Pocket
Net Monthly Cost
R34.62/mo
R415.44 / year
Monthly Admin FeeR0.00
Transaction FeesR75.25
Credit Interest Earned+R40.63
vs Market Average Saves R1162/yr
Visual Cost Split:Base Fee: 0% • Tx Fees: 100% • Yield Offset: +R40.63
Market-leading 6.50% liquid credit interest rateR0.00 monthly fee for primary & savings pocketsInstant transfers between primary & savings pockets
#7
African BankZero Monthly Fee & Multi-Pocket Sharing
MyWORLD Account
Net Monthly Cost
R47.12/mo
R565.44 / year
Monthly Admin FeeR0.00
Transaction FeesR75.25
Credit Interest Earned+R28.13
vs Market Average Saves R1012/yr
Visual Cost Split:Base Fee: 0% • Tx Fees: 100% • Yield Offset: +R28.13
Zero monthly account administration feeShare up to 5 Pocket accounts with family members at SA best interest ratesFree digital statement generation & SMS notifications
#8
FNBZero Monthly Fee for Under 25s
FNBy Youth & Student Account
Net Monthly Cost
R48.75/mo
R585.00 / year
Monthly Admin FeeR0.00
Transaction FeesR61.25
Credit Interest Earned+R12.50
vs Market Average Saves R992/yr
Visual Cost Split:Base Fee: 0% • Tx Fees: 100% • Yield Offset: +R12.50
R0.00 monthly fee for students & youth under 25Free electronic payments & debit orderseBucks rewards & Udemy course discounts
#9
Capitec BankLow Maintenance & High Interest
Global One Account
Net Monthly Cost
R64.12/mo
R769.44 / year
Monthly Admin FeeR7.50
Transaction FeesR78.50
Credit Interest Earned+R21.88
vs Market Average Saves R808/yr
Visual Cost Split:Base Fee: 9% • Tx Fees: 91% • Yield Offset: +R21.88
3.5% interest earned on daily balanceFree card swipes & online purchasesR1.00 fixed fee for all digital EFTsLow R7.50 fixed monthly admin fee
#10
Old Mutual BankLow Fee & Auto-Save Yield
Old Mutual Money Account
Net Monthly Cost
R71.87/mo
R862.44 / year
Monthly Admin FeeR5.00
Transaction FeesR95.00
Credit Interest Earned+R28.13
vs Market Average Saves R715/yr
Visual Cost Split:Base Fee: 5% • Tx Fees: 95% • Yield Offset: +R28.13
Dual SWIPE & SAVE structure with automatic unit trust sweep4.50% interest yield earned on savings pocketLow R5.00 fixed monthly maintenance fee
#11
Absa Bank
Absa Transact Bundled
Net Monthly Cost
R76.00/mo
R912.00 / year
Monthly Admin FeeR58.00
Transaction FeesR24.25
Credit Interest Earned+R6.25
vs Market Average Saves R665/yr
Visual Cost Split:Base Fee: 71% • Tx Fees: 29% • Yield Offset: +R6.25
Affordable bundled planFree cash deposits up to R3,000/moAbsa Rewards level boost
#12
FNBPopular Bundled
Easy Smart Options (Bundled)
Net Monthly Cost
R77.44/mo
R929.28 / year
Monthly Admin FeeR62.00
Transaction FeesR23.25
Credit Interest Earned+R7.81
vs Market Average Saves R648/yr
Visual Cost Split:Base Fee: 73% • Tx Fees: 27% • Yield Offset: +R7.81
Free electronic payments & debit ordersFree cash withdrawals at FNB ATMs up to R2,000/moFree cash deposits up to R3,000/moeBucks Earn Tier boosting
#13
Nedbank
MiGoals Basic (PAYU)
Net Monthly Cost
R90.62/mo
R1087.44 / year
Monthly Admin FeeR5.00
Transaction FeesR88.75
Credit Interest Earned+R3.13
vs Market Average Saves R490/yr
Visual Cost Split:Base Fee: 5% • Tx Fees: 95% • Yield Offset: +R3.13
Ultra-low R5.00 monthly feeFree card swipe transactionsGreenbacks rewards integration
#14
FNB
Easy PAYU Account
Net Monthly Cost
R96.12/mo
R1153.44 / year
Monthly Admin FeeR5.25
Transaction FeesR94.00
Credit Interest Earned+R3.13
vs Market Average Saves R424/yr
Visual Cost Split:Base Fee: 5% • Tx Fees: 95% • Yield Offset: +R3.13
Ultra-low monthly account fee of R5.25Free Till Point cash withdrawals at retail partners (Checkers, Pick n Pay)eBucks rewards entry tier eligibility
#15
Standard BankLow Fixed Base
MyMo Account (PAYU)
Net Monthly Cost
R98.06/mo
R1176.72 / year
Monthly Admin FeeR7.00
Transaction FeesR95.75
Credit Interest Earned+R4.69
vs Market Average Saves R400/yr
Visual Cost Split:Base Fee: 7% • Tx Fees: 93% • Yield Offset: +R4.69
Low R7.00 monthly feeUCount Rewards point earning eligibilityFree airtime/data voucher perks on digital top-ups
#17
Absa Bank
Absa Flexi Account
Net Monthly Cost
R104.72/mo
R1256.64 / year
Monthly Admin FeeR8.00
Transaction FeesR99.85
Credit Interest Earned+R3.13
vs Market Average Saves R321/yr
Visual Cost Split:Base Fee: 7% • Tx Fees: 93% • Yield Offset: +R3.13
R8.00 flexible monthly feeFree CashSend digital cash tokens to mobile numbersAbsa Rewards partner discounts
#18
Discovery Bank
Everyday Gold Account
Net Monthly Cost
R106.25/mo
R1275.00 / year
Monthly Admin FeeR90.00
Transaction FeesR40.00
Credit Interest Earned+R23.75
vs Market Average Saves R302/yr
Visual Cost Split:Base Fee: 69% • Tx Fees: 31% • Yield Offset: +R23.75
Vitality Money behavior rewardsDynamic interest rates on savings & daily balancesDiscovery Miles integration for flight & retail discounts
#19
Nedbank
MiGoals Plus Bundled
Net Monthly Cost
R109.56/mo
R1314.72 / year
Monthly Admin FeeR99.00
Transaction FeesR21.50
Credit Interest Earned+R10.94
vs Market Average Saves R262/yr
Visual Cost Split:Base Fee: 82% • Tx Fees: 18% • Yield Offset: +R10.94
Comprehensive bundled bankingFree R3,000 ATM cash withdrawal allowanceFree electronic debit orders & EFTs
#20
FNB
Aspire Current Account
Net Monthly Cost
R110.00/mo
R1320.00 / year
Monthly Admin FeeR105.00
Transaction FeesR17.50
Credit Interest Earned+R12.50
vs Market Average Saves R257/yr
Visual Cost Split:Base Fee: 86% • Tx Fees: 14% • Yield Offset: +R12.50
Full bundled package with R4,000/mo free ATM cashR5,000/mo free ATM cash depositsFree SLOW Lounge access benefits (via eBucks tier)
#22
Standard Bank
MyMo Plus Bundled
Net Monthly Cost
R128.12/mo
R1537.44 / year
Monthly Admin FeeR115.00
Transaction FeesR22.50
Credit Interest Earned+R9.38
vs Market Average Saves R40/yr
Visual Cost Split:Base Fee: 84% • Tx Fees: 16% • Yield Offset: +R9.38
Full bundle covering all electronic transactionsR3,000 free ATM cash withdrawals monthlyR5,000 free ATM deposits monthlyDouble UCount Rewards multiplier
#23
Absa Bank
Absa Gold Value Bundle
Net Monthly Cost
R128.12/mo
R1537.44 / year
Monthly Admin FeeR115.00
Transaction FeesR22.50
Credit Interest Earned+R9.38
vs Market Average Saves R40/yr
Visual Cost Split:Base Fee: 84% • Tx Fees: 16% • Yield Offset: +R9.38
Full digital bundle including free electronic EFTs & debit ordersFree travel insurance when buying tickets with cardAbsa Rewards multipliers
#24
Standard Bank
Achiever Current Account
Net Monthly Cost
R129.69/mo
R1556.28 / year
Monthly Admin FeeR115.00
Transaction FeesR22.50
Credit Interest Earned+R7.81
vs Market Average Saves R21/yr
Visual Cost Split:Base Fee: 84% • Tx Fees: 16% • Yield Offset: +R7.81
Bundled electronic payments & debit ordersOverdraft facility eligibilityUCount rewards integration
#31
Discovery BankVitality Boost & Flight Discounts
Platinum Banking Suite
Net Monthly Cost
R157.87/mo
R1894.44 / year
Monthly Admin FeeR170.00
Transaction FeesR16.00
Credit Interest Earned+R28.13
vs Market Average+R317/yr higher
Visual Cost Split:Base Fee: 91% • Tx Fees: 9% • Yield Offset: +R28.13
Up to 75% back on local & international flightsDynamic credit interest boost up to 7.00%Vitality Money health & exercise integration
#36
Standard BankPrestige & Personal Banker
Prestige Banking Suite
Net Monthly Cost
R231.56/mo
R2778.72 / year
Monthly Admin FeeR230.00
Transaction FeesR18.75
Credit Interest Earned+R17.19
vs Market Average+R1202/yr higher
Visual Cost Split:Base Fee: 92% • Tx Fees: 8% • Yield Offset: +R17.19
Dedicated Relationship BankerAirport Lounge access passes via Bidvest LoungesFree R5,000/mo ATM cash withdrawal allowanceTop UCount Rewards tier status boost
#37
FNBAffluent & Lounge Access
Premier Current Account
Net Monthly Cost
R241.12/mo
R2893.44 / year
Monthly Admin FeeR240.00
Transaction FeesR16.75
Credit Interest Earned+R15.63
vs Market Average+R1316/yr higher
Visual Cost Split:Base Fee: 93% • Tx Fees: 7% • Yield Offset: +R15.63
10 free SLOW Airport Lounge visits per yearFree R6,000/mo ATM cash withdrawals & depositsDedicated Premier Relationship Banker supportTop-tier eBucks multiplier rewards
#38
Discovery BankVIP Fast Track & Concierge
Black Banking Suite
Net Monthly Cost
R268.87/mo
R3226.44 / year
Monthly Admin FeeR290.00
Transaction FeesR13.25
Credit Interest Earned+R34.38
vs Market Average+R1649/yr higher
Visual Cost Split:Base Fee: 96% • Tx Fees: 4% • Yield Offset: +R34.38
Unlimited international lounge passes & VIP airport fast-track securityHighest Vitality Money discount tiersInternational travel insurance & 24/7 concierge line
#40
InvestecAll-Inclusive Private Banking & Free Global ATM Cash
Investec Private Bank Account
Net Monthly Cost
R582.19/mo
R6986.28 / year
Monthly Admin FeeR615.00
Transaction FeesR0.00
Credit Interest Earned+R32.81
vs Market Average+R5409/yr higher
Visual Cost Split:Base Fee: 100% • Tx Fees: 0% • Yield Offset: +R32.81
Free unlimited cash withdrawals at ALL ATMs nationwide (zero Saswitch fees)Free unlimited immediate EFT paymentsDedicated 24/7 Client Support team & Private BankerComplimentary global airport lounge access & international travel insurance