Bidvest Bank Fees
Fees and Rates
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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 | 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 |