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Bidvest Bank Business Account Credit Interest Rates

As at 09 July 2019

Credit Balance Credit Interest
R0 - R25,000 0.50%
R25,001 - R50,000 1.00%
R50,001 - R100,000 2.00%
R100,001 upwards 2.50%

Bidvest Bank Business Bank Account and Business Debit Card Fee Schedule

Effective 01 August 2019

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) R65.00. per month
Unutilised Facility Fee 1% 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 R81.00 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 1% of Overdraft Facility
Overdraft Facility Extension

R271.00

Initiation Fee Minimum 1% of Overdraft Facility
Deposits
Branch Cheque Deposit R27.00
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 R215.00
Cash Withdrawals
Cash Withdrawals at Bidvest Bank Branch 1.5% (no minimum)
Payments
Internet Beneficiary Payment
(Third-party payments via Internet Banking)
R6.00
SARS E-Filing Payment R33.00
Debit Order External (External ACB DR) R16.50
Stop Order R14.00
Same-day payments
• via internet banking (weekdays only and if processed before 3pm)
• via back office (weekdays only and if processed before 1pm)


R64.00

R318.00

Inter-Account Transfers
Internet Banking (Recurring I/T) Free
Back Office Manual Transfer R318.00
Balance Enquiry
Balance Enquiry at Branch R5.50
Balance Enquiry via Internet Banking Free
Statements
Monthly Statement (Emailed) Free
Monthly Statement (Email resent) R17.00
Manual Statement older than 3 months
(Archive Statement)
R27.00 plus R9.50 per page
Monthly Statement (Post) R12.00 per account
Faxed Statement R10.00 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) R17.00
Debit Order Stop-Payment (via Back Office) R53.00
Special Clearance of Cheque Deposits R85.00
Honouring Fee (per debit allowed when insufficient funds are available) R118.00
Debit Order Rejection (ACB D/O) R28.00
Debit Order Reversal
(ACB Returned Debit Reverse)
R28.00
Returned Cheque (RD Returned Cheque) R108.00
Debit Order Dispute R 270.00
EFT Recalls R 270.00
Auditor’s Certificates R375.00 if less than 5 accounts
R700.00 for 5 or more accounts
Query Fee on entries older than 2 months R480.00
Dormant Account (inactive > 6 months) R31.00 per month
Prepaid Airtime purchase at ATM R5.00 plus R1.00 per R100
Card Charges
Visa Business Debit Card (Annual Fee) Initial card free; charges apply for replacement cards
Card Replacement R108.00
Fuel Purchase R5.00 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)

R6.00
R10.00 plus R1.40 per R100
R53.00
R2.65
Cash Withdrawal only at till point (SA only) R3.80
Balance Enquiry
• Bidvest Bank ATM
• SASWITCH ATM
• International ATM

R3.00
R5.00
R8.00
Declined Transaction – Insufficient Funds
• Bidvest Bank ATM
• SASWITCH ATM
• International ATM

R3.50
R7.50
R18.50
Declined Transaction – Incorrect PIN
• Bidvest Bank ATM
• SASWITCH ATM
• International ATM

R3.50
R7.50
R18.50
Declined Transaction – Exceeds Daily Limit
• Bidvest Bank ATM
• SASWITCH ATM
• International ATM

R3.50
R7.50
R18.50
Declined Purchase Transaction – Insufficient Funds
• Local PoS
• International PoS

R7.50
R18.50
Declined Purchase Transaction – Incorrect PIN
• Local PoS
• International PoS

R7.50
R18.50
Declined Purchase Transaction – Exceeds Daily Limit
• Local PoS
• International PoS

R7.50
R18.50