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Bidvest Bank Business Account Credit Interest Rates

As at 29 March 2018

Credit Balance Credit Interest
R0 - R25,000 1.00%
R25,001 - R50,000 1.50%
R50,001 - R100,000 2.50%
R100,001 upwards 3.00%

Bidvest Bank Business Bank Account and Business Debit Card Fee Schedule

Effective 1 July 2018.

All fees are inclusive of VAT.

Please note: Prices increase annually.

Bidvest Bank Business Account and Business Debit Card Fee Schedule
Description Fee
Account and Overdraft Facility
Administration Fee (Monthly fee) Free
Credit Limit Fee (Overdraft fee) R61.00. per month
Unutilised Facility Fee 0.5% of Unutilised Overdraft Facility if less than 50% of the facility is used in a month
Excess Admin Fee – charged on the day that an account either (a) goes in excess of the approved overdraft limit or (b) goes overdrawn without a facility in place R76.00 on the first day and every day that the excess position increases
Excess Interest Charge – Account with no overdraft facility that is overdrawn Prime plus 5 percentage points on amount in debit
Excess Interest Charge – Account with an overdraft facility that is exceeded Interest Rate on excess amount determined per client
Overdraft Annual Review 0.5% of Overdraft Facility
Overdraft Facility Extension

R255.00

Initiation Fee 0.5% of Overdraft Facility
Deposits
Branch Cheque Deposit R25.00
Branch Cash Deposit 1.0% of Deposit Amount
ACB deposits from other SA bank accounts
(ACB1 Credit Fee)
Free
Re-route deposits made to Clearing Account R202.00
Cash Withdrawals
Cash Withdrawals at Bidvest Bank Branch 1.5% (no minimum)
Payments
Internet Beneficiary Payment
(Third-party payments via Internet Banking)
R5.60
SARS E-Filing Payment R31.00
Debit Order External (External ACB DR) R15.50
Stop Order R13.00
Same-day payments
• via internet banking (weekdays only and if processed before 3pm)
• via back office (weekdays only and if processed before 1pm)


R61.00

R300.00

Inter-Account Transfers
Internet Banking (Recurring I/T) Free
Back Office Manual Transfer R300.00
Balance Enquiry
Balance Enquiry at Branch R5.00
Balance Enquiry via Internet Banking Free
Statements
Monthly Statement (Emailed) Free
Monthly Statement (Email resent) R16.00
Manual Statement older than 3 months
(Archive Statement)
R25.50 plus R9.00 per page
Monthly Statement (Post) R11.00 per account
Faxed Statement R8.00 per account
Internet Banking
Subscription Free
Visa Business Reporting
Card Reporting Solution R155.00 per month
Other Account Charges
Debit Order Switching Free
Notifications
• SMS
• Email

SMS R0.80
Email R0.70
Stop Order (set-up, change, cancel) R16.00
Debit Order Stop-Payment (via Back Office) R50.00
Special Clearance of Cheque Deposits R80.00
Honouring Fee (per debit allowed when insufficient funds are available) R111.00
Debit Order Rejection (ACB D/O) R26.00
Debit Order Reversal
(ACB Returned Debit Reverse)
R26.00
Returned Cheque (RD Returned Cheque) R101.00
Debit Order Dispute R 255.00
EFT Recalls R 255.00
Auditor’s Certificates R355.00 if less than 5 accounts
R660.00 for 5 or more accounts
Query Fee on entries older than 2 months R455.00
Dormant Account (inactive > 6 months) R31.00 per month
Prepaid Airtime purchase at ATM R4.50 plus R0.70 per R100
Card Charges
Visa Business Debit Card (Annual Fee) Initial card free; charges apply for replacement cards
Card Replacement R101.00
Fuel Purchase R4.60 per transaction
Card Delivery by courier in South Africa
(Cards – Deliver Dom. Fee)
Free
International Card Delivery
(Prim/Sec Card Int. Fee)
Variable fee per location
Purchase at PoS in South Africa (Point of Sale) Free
Purchases outside South Africa (Point of Sale) 2% of transaction value
International Currency Conversion 3%
Cash Withdrawal – Bidvest Bank ATM
• Bidvest Bank ATM
• SASWITCH ATM
• International ATM
Cashback with purchase at till point (SA only)

R5.00
R9.60 plus R1.30 per R100
R51.00
R2.50
Cash Withdrawal only at till point (SA only) R3.50
Balance Enquiry
• Bidvest Bank ATM
• SASWITCH ATM
• International ATM

R2.50
R4.50
R7.50
Declined Transaction – Insufficient Funds
• Bidvest Bank ATM
• SASWITCH ATM
• International ATM

R3.00
R7.00
R17.50
Declined Transaction – Incorrect PIN
• Bidvest Bank ATM
• SASWITCH ATM
• International ATM

R3.00
R7.00
R17.50
Declined Transaction – Exceeds Daily Limit
• Bidvest Bank ATM
• SASWITCH ATM
• International ATM

R3.00
R7.00
R17.50
Declined Purchase Transaction – Insufficient Funds
• Local PoS
• International PoS

R7.00
R17.50
Declined Purchase Transaction – Incorrect PIN
• Local PoS
• International PoS

R7.00
R17.50
Declined Purchase Transaction – Exceeds Daily Limit
• Local PoS
• International PoS

R7.00
R17.50