The pricing applies equally to all accounts – all types of businesses and all individuals.
Pricing Guide (incl VAT) – Individuals & Businesses
Just like our banking, this is simple – all on one single page.
Having an account costs you nothing
Monthly fee
Zero
Minimum balance
Zero
Make payments at no extra cost to you
Zero
Pay by debit order
Zero
Pay between own accounts
Zero
Pay someone at another bank using their account number (EFT)
Zero
Pay someone at Bank Zero using their account number (EFT)
Zero
Pay someone at Bank Zero using their cell number (SendMoney)
Zero
Pay someone at Bank Zero using their QR code (QR Pay)
Zero
Pay someone in another country
Not yet
Pay with phone taps
Zero
Pay by card – local or foreign card transaction fee
Zero
Pay by card – mark-up on foreign transactions posted in ZAR
Zero
Buy prepaid at no extra cost to you
Data, airtime, electricity, etc
Zero
Adding more costs you nothing
Add business accounts
Zero
Add children
Zero
Add links to related parties
Zero
Add friends so that you can save together (e.g. family, club, stokvel)
Zero
Add savings or notice accounts
Zero
Know what’s going on, at no cost to you
Zero
Notifications on all activity
Zero
Proof of payment by email
Zero
Monthly statement by email
Zero
Monthly statement downloaded from App within 3mths
Zero
Account confirmation letter or IT3B
Zero
Immediate payments
Pay (more when recipient at FNB/RMB, Standard, ABSA for amount R3k+)
R6.50 (R12)
Receive
Zero
Special-patent card with best-in-world security, delivered to where you choose
Clicks store
R79
Street address in metro (non-metro add R30)
R119
Cash
Withdraw cash at ATM – local & foreign (Min R50 if foreign)
R10/R1000 block
Withdraw cash at POS – local & foreign (Min R50 if foreign)
R2
Withdraw cash without card – do SendMoney to self, cash-out at Shoprite Group
R8.50
Send cash to non-customer – do SendMoney to them, cash-out at Shoprite Group
R8.50
Deposit cash at POS – use card at Shoprite Group (max R3k) or PnP group (max R5k)
Ask retailer
Request balance at ATM or at POS
R2.50
Nuisance fees – because we are charged when this happens
Using card before activating it (or using old card), or when set to ‘Lock’ or ‘ATM off’, or after 3 wrong PINs
R2.50
Exceeding own chosen limits
R2.50
Insufficient funds (card, debit order, scheduled payment/transfer)
R2.50
Send proof of payment via SMS (but email is free!)
R1.50
Pay mark-up on foreign currency card transactions
Only 1.25%
Dispute or stop existing debit order (but new debit order rejection aways costs Zero!)
R8
Charge back a card transaction
R75
Receive money via Bank Zero QR code
0.5% of amount
Add another check account
R50 to open
If no transactions on a check account for more than 6 months (only taken from available balance)
R5/month
Statements older than 3mths (but you can download an xls dump as far back as you want for Zero!)
R10 / statement
Account monthly fee
Zero
Account minimum balance
Zero
Add savings account or notice account
Zero
Add a business profile
Zero
Add a child
Zero
Friend people to account (e.g. family, club, stokvel)
Zero
Transfer money between accounts
Zero
Pay a debit order
Zero
Pay another bank’s customer using their account number (EFT)
Zero
Pay a Bank Zero customer using their account number (EFT)
Zero
Pay a Bank Zero customer using their cell number (SendMoney)
Zero
Pay a Bank Zero customer using their QR code
Zero
Pay by card – local or foreign card fee
Zero
Pay by card – mark-up on foreign transactions posted in ZAR
Zero
Send proof of payment via email
Zero
Buy prepaid data, airtime, electricity, etc
Zero
Receive notifications on activity
Zero
Receive monthly statement via email or download from App – within 3mths
Zero
Request account confirmation letter or IT3B
Zero
Card personalised & delivered to Clicks store
R59
Card personalised & delivered to street address in most cities (if remote +R30)
R99
Request balance at ATM or at POS
R2
Withdraw cash at ATM – local & foreign (note: R45 min fee if foreign)
R9/R1000 block
Withdraw cash at POS – local & foreign (note: R45 min fee if foreign)
R2
Withdraw cash without card – use SendMoney & cash-out at Shoprite Group
R8.50
Send cash to non-customer – use SendMoney & cash-out at Shoprite Group
R8.50
Deposit cash at POS – Shoprite Group (max R3k), PnP group (max R5k)
Ask retailer
Nuisance fees:
– Using new card before activating it (or using old card)
– Card used when set to ‘Lock’ or ‘ATM off’, or locked after 3 wrong PINs
– Exceeding chosen limits
– Insufficient funds (card, debit order, scheduled payment/transfer)
R2
Send proof of payment via SMS (but email is free!)
R1.50
Pay mark-up on foreign currency card transactions
Only 1%
Receive money via Bank Zero QR code
0.5% of amount
Dispute or stop a debit order (new debit order rejection is Zero!)
R8
Chargeback a card transaction
R50
Add another check account
R50 to open
If no transactions on a check account for more than 6 months
R5/month
Statements older than 3mths (or download xls as far back as you want for Zero!)
R10 / statement
Interest Rates
Whereas pricing is fixed for the year, interest rates tend to fluctuate as the repo rate moves.
So please always check back here for the latest rates. The below table is effective as from 31 January 2025.
Bank Zero Mutual Bank (MB0001). Authorised financial service provider (FSP No: 50870)
