Instant and non-real-time EFT fees in South Africa 2023, by bank and transaction type

Published by Statista Research Department, May 14, 2024

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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Release date

March 2023

More information

Region

Africa, South Africa

Survey time period

2023

Supplementary notes

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.

Conversion rate as of 05/13/2024

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