KB
KOBUS B

1 reviews | Active since Dec 2011

08 Jan 2021, 11:09

CAPITEC BANK "CASH DEPOSIT FEE"

Do you really think Capitec Bank is the cheapest bank in RSA, and 3 best rated bank in the world - don't be bull****ted by this perception as it is ALL BUT TRUE - surprisingly it is NOT the cheapest Bank in RSA. I made a cash deposit into this bank at Waverley, Pta on 06/01/2021, a amount of *****, the next day Capitec Bank deducted the amount of R2 795-00 from my account for a CASH DEPOSIT FEE, this amounts to R3-25 / R100 for cash handling, let's call it straight - this money taken from my account by Capitec Bank in merely pushing money through an electronic money counting machine - and that is what you pay for making a deposit of hard earned savings money into Capitec Bank. For me to recuperate the amount of R2 795-00 on interest will mean my money will have to be "invested" in Capitec for at least 12 months + the cover the loss of this CASH DEPOSIT FEE - thus there is absolutely NO benefit in using this Bank for earning interest or to invest your hard cash capital money as it is clear they simply ***** your cash from you in calling it "CASH DEPOSIT FEE" - don't be ******* and fooled by this Bank that they are the cheapest and 3rd best rated Bank in the world - that is sincere NONSENSE - stay away from Capitec Bank if you want to invest your cash.

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Replies (1)
Capitec Bank
Capitec Bank's reply08 Jan 2021, 11:59
Official
 Good day Kobus 

Thank you for letting us know of your concern, and for your patience while we explore this matter. We have assigned your query to a designated official who will contact you within the next business day. 

Kind regards 

Capitec Bank