As of 2023, First National Bank (FNB) had the highest rate for instant payments at 45 South African rand (around 2.45 U.S. dollars). On the other hand, Nedbank charged the highest amount for non-real-time EFTs, at 2.20 South African rand (about 0.12 U.S. dollars).
Instant and non-real-time EFT fees in South Africa 2023, by bank and transaction type
(in South African rand)
Characteristic
FNB
ABSA
Standard Bank
Nedbank
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Transaction charges relate to ABSA basic banking account, FNB easy PAYU account, Nedbank Pay-as-you-use, Standard Bank MyMo account.
*Nedbank charges 10 South African rand for instant payments up to three thousand South African rand, and 49 South African rand for payments over three thousand rand.
Standard Bank charges 10 South African rand for instant payments under two thousand South African rand, and 50 South African rand for payments of two thousand rand and above.
ABSA charges 10 South African rand for instant payments up to one thousand South African rand, and 49 South African rand for payments over one thousand South African rand.
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BusinessTech. (March 14, 2023). Instant and non-real-time EFT fees in South Africa 2023, by bank and transaction type (in South African rand) [Graph]. In Statista. Retrieved July 22, 2024, from https://www.statista.com/statistics/1465978/instant-and-non-real-time-eft-fees-in-south-africa-by-bank-and-transaction-type/
BusinessTech. "Instant and non-real-time EFT fees in South Africa 2023, by bank and transaction type (in South African rand)." Chart. March 14, 2023. Statista. Accessed July 22, 2024. https://www.statista.com/statistics/1465978/instant-and-non-real-time-eft-fees-in-south-africa-by-bank-and-transaction-type/
BusinessTech. (2023). Instant and non-real-time EFT fees in South Africa 2023, by bank and transaction type (in South African rand). Statista. Statista Inc.. Accessed: July 22, 2024. https://www.statista.com/statistics/1465978/instant-and-non-real-time-eft-fees-in-south-africa-by-bank-and-transaction-type/
BusinessTech. "Instant and Non-real-time Eft Fees in South Africa 2023, by Bank and Transaction Type (in South African Rand)." Statista, Statista Inc., 14 Mar 2023, https://www.statista.com/statistics/1465978/instant-and-non-real-time-eft-fees-in-south-africa-by-bank-and-transaction-type/
BusinessTech, Instant and non-real-time EFT fees in South Africa 2023, by bank and transaction type (in South African rand) Statista, https://www.statista.com/statistics/1465978/instant-and-non-real-time-eft-fees-in-south-africa-by-bank-and-transaction-type/ (last visited July 22, 2024)
Instant and non-real-time EFT fees in South Africa 2023, by bank and transaction type (in South African rand) [Graph], BusinessTech, March 14, 2023. [Online]. Available: https://www.statista.com/statistics/1465978/instant-and-non-real-time-eft-fees-in-south-africa-by-bank-and-transaction-type/
