Capitec now charges for Capitec to Capitec payments

Capitec introduced a fee for making payments to another Capitec account.

The expected behaviour is that Capitec to Capitec transfers should remain free, as they'd always been.

For any other transfers or payments, a two working day period transfer should also be free. This has always been the case until recently.

Instant payments were available at an additional charge.

For some reason, Capitec has decided that it no longer wants to be a competitive bank in terms of interest received, or in terms of banking fees. The race is on the join the ranks of yet another boring exorbitant bank.