Investec Private Banking Fees 2016 New fee Investec Private Banking Platinum Account
R465
Trainee Accountant
R275
Extra Guaranteed Accounts
R250
Multiple Accounts
R250
Electronic Only (EO) Accounts*
R235
*This option is only for clients living abroad. If you return to South Africa, a monthly fee of R465 will be levied and there will be no transactional charges incurred after the date of conversion to the fee of R465. Transactions carried out before the date of conversion to the fee of R465 will incur transactional charges. If you return to South Africa and go abroad again in one statement period, a monthly fee of R465 will be levied. Again, transactional charges incurred before the first conversion from EO to a fee of R465 per month will still be charged, but there will be no transactional charges applied to transactions undertaken while you pay a monthly fee of R465. Ad hoc service charges may still apply.
Transaction charges
New fee
Purchase airtime, data and SMS bundles
Included
Purchases using the card at point of sale devices
Included
Journey Card monthly fee per card
R25
Journey Card transaction fee (fuel, oil and toll transactions)
R5
Cash withdrawals at local and international ATMs
Included
Cash withdrawals at local and international bank branches
R40
Foreign exchange related transactions
Refer to foreign exchange fees below
Online Banking transactions that debit the Investec Private Bank Account
Included
Online Banking transactions that credit the Investec Private Bank Account
Included
Debit orders against your account
Included
Service charges
New fee
Online statements
Included
Lost card protection
Included
Electronic Only Account card reissuance fee (once-off)
R210
Card replacement and local deliveries
Included (R210 if card is replaced more than once in a two-year cycle)
Branch delivery
Included (R210 if card is replaced more than once in a two-year cycle)
International card deliveries
R400
Local emergency card deliveries
R295
Monthly financing administration fee – per mortgage and instalment sale
Included
Travel insurance (when purchasing international travel tickets with an Investec Visa card)
Included
Transaction voucher copy (for disputed transactions)
R130
Cash Investments | Foreign Exchange | Personal Finance | Transactional Banking Investec Specialist Bank, a division of Investec Bank Limited registration number 1969/004763/06. Investec Specialist Bank is committed to the Code of Banking Practice as regulated by the Ombudsman for Banking Services. Copies of the Code and the Ombudsman's details are available on request or visit www.investec.co.za. A registered credit provider registration number NCRCP9.
2 Service charges
New fee
Successful transaction dispute
Included
Unsuccessful transaction dispute
R190
Returned payment fee on returned cheques
R120
Returned payment fee on returned Automatic Payment Orders (APO)
R130
Cash handling fee (for depositing cash at an Absa branch)
1.15%
Copy of deposit slip less than 30 days old
R50
Copy of deposit slip older than 30 days
R221
Provide details on credit or debit to account less than 30 days old
R50
Provide details on credit or debit to account older than 30 days
R221
Special clearance on cheques (to be requested when depositing a cheque at Absa)
R120
Cheque requests
R50
Cheque receipt
R25
Cheque encashment
R95
Copy of cheque
R50
Successful payment recall
R225
Unsuccessful payment recall
R225
Cash send
R25
Debit order resubmission fee
R130
Faster Payment Fee (outbound real time clearing (RTC) payment)
R50
International foreign exchange
New fee
International Conversion Fee (a fee charged on any transaction, not performed in South African rand)
2.5%
Emergency cash disbursement fees (international)
If your Visa card is lost or stolen while you are travelling abroad, Investec can assist you in attaining emergency cash or an emergency Visa card at a fee of $175 or $250 respectively Please note that this is not an Investec replacement card which is available with normal lead times, but a non-branded Visa card issued on behalf of Investec by another bank as an emergency measure. The fees are charged by Visa, that facilitates the transaction
ATM limits Daily chip and PIN card, cash withdrawal limit
R6 000 (domestic) R20 000 (international)
Cash Investments | Foreign Exchange | Personal Finance | Transactional Banking Investec Specialist Bank, a division of Investec Bank Limited registration number 1969/004763/06. Investec Specialist Bank is committed to the Code of Banking Practice as regulated by the Ombudsman for Banking Services. Copies of the Code and the Ombudsman's details are available on request or visit www.investec.co.za. A registered credit provider registration number NCRCP9.
3 Other features
New fee
Investec Online and the Investec App
Included
Investec Rewards: Earn one Rewards point for every R5 spent on your Investec Visa card, online or in-store
Included
SAA Lounge and Bidvest Premier Lounge: Unconditional access to all Investec Private Bank Account card holders
Included
Bidvest Premier Lounge guest and child
Preferential rates charged
Cash Investments | Foreign Exchange | Personal Finance | Transactional Banking Investec Specialist Bank, a division of Investec Bank Limited registration number 1969/004763/06. Investec Specialist Bank is committed to the Code of Banking Practice as regulated by the Ombudsman for Banking Services. Copies of the Code and the Ombudsman's details are available on request or visit www.investec.co.za. A registered credit provider registration number NCRCP9.
Investec Private Business Account Fees table 4 New fee Investec Private Business Account
R280
Trust Accounts (no card issued)*
R150
Trust Accounts (card issued)
R280
Extra card activation fee (once off fee charged from the third card onwards)
R250
*Must have a Private Bank Account to have access to this offering
Transaction charges
New fee
Purchases using the card at point of sale devices
Included
Journey Card monthly fee per card
R25
Journey Card transaction fee (fuel, oil and toll transactions)
R5
Cash withdrawals at local and international ATMs
R15
Cash withdrawals at local and international bank branches (including foreign exchange purchases)
R40
Balance of payment administration fee (applicable on all foreign rand and currency deposits)
Refer to foreign exchange fees below
Online Banking transactions that debit the Investec Private Business Bank Account
R4.50
Online Banking transactions that credit the Investec Private Business Bank Account
Included
Online statements
Included
Debit orders against your account
R4.50
International foreign exchange
New fee
International Conversion Fee (a fee charged on any transaction, not performed in South African rand)
2.5%
Emergency cash disbursement fees (international)
If your Visa card is lost or stolen while you are travelling abroad, Investec can assist you in attaining emergency cash or an emergency Visa card at a fee of $175 or $250 respectively Please note that this is not an Investec replacement card which is available with normal lead times, but a non-branded Visa card issued on behalf of Investec by another bank as an emergency measure. The fees are charged by Visa, that facilitates the transaction
Service charges
New fee
Lost card protection
Included
Card replacement and local deliveries
Included (R210 if card is replaced more than once in a two-year cycle)
Branch delivery
Included (R210 if card is replaced more than once in a two-year cycle)
International card deliveries
R400
Local emergency card deliveries
R295
Monthly financing administration fee – per mortgage and instalment sale
Included
Cash Investments | Foreign Exchange | Personal Finance | Transactional Banking Investec Specialist Bank, a division of Investec Bank Limited registration number 1969/004763/06. Investec Specialist Bank is committed to the Code of Banking Practice as regulated by the Ombudsman for Banking Services. Copies of the Code and the Ombudsman's details are available on request or visit www.investec.co.za. A registered credit provider registration number NCRCP9.
5 Service charges
New fee
Travel insurance (when purchasing travel tickets with an Investec Visa card)
Included
Transaction voucher copy (for disputed transactions)
R130
Successful transaction dispute
Included
Unsuccessful transaction dispute
R190
Returned payment fee on returned cheques
R120
Returned payment fee on returned Automatic Payment Orders (APO)
R130
Cash handling fee (for depositing cash at an Absa branch)
1.15%
Copy of deposit slip less than 30 days old
R50
Copy of deposit slip older than 30 days
R221
Provide details on credit or debit to account less than 30 days
R50
Provide details on credit or debit to account older than 30 days old
R221
Special clearance on cheques (to be requested when depositing a cheque at Absa)
R120
Cheque requests
R50
Cheque receipt
R25
Cheque encashment
R95
Copy of cheque
R50
Successful payment recall
R225
Unsuccessful payment recall
R225
Cash send
R25
Debit order resubmission fee
R130
Faster Payment Fee (outbound real time clearing (RTC) payment)
R50
Investec loading beneficiaries on Online Banking on your behalf Load 20 or less beneficiaries
Included
Load 21 to 50 beneficiaries
R125
Load 51 to 100 beneficiaries
R250
Load 101 to 200 beneficiaries
R500
Load 201 to 300 beneficiaries
R750
ATM limits Daily chip and PIN card, cash withdrawal limit
R6 000 (domestic) R20 000 (international)
Other features Investec Online and the Investec App
Included
Investec Rewards: Earn one Rewards point for every R5 spent on your Investec Visa card, online or in-store
Included
SAA Lounge and Bidvest Premier Lounge: Unconditional access to all Investec Private Bank Account card holders
Included
Bidvest Premier Lounge guest and child
Preferential rates charged
Cash Investments | Foreign Exchange | Personal Finance | Transactional Banking Investec Specialist Bank, a division of Investec Bank Limited registration number 1969/004763/06. Investec Specialist Bank is committed to the Code of Banking Practice as regulated by the Ombudsman for Banking Services. Copies of the Code and the Ombudsman's details are available on request or visit www.investec.co.za. A registered credit provider registration number NCRCP9.
6
Foreign exchange fees
New fee
Deals greater than R5 000 International transfers in currency*
0.55% minimum R365 maximum R850
International transfers in South African rand*
0.65% minimum R365 maximum R850
Travel currency (Travel card or foreign notes)
2.17% minimum R160
Deals smaller than R5 000 (For individuals, depending on SWIFT instructions) Flat transaction fee**
R230
Additional charges (Charged in addition to the minimum and maximum fees as indicated above) South African rand transaction fee***
R175
Offshore charge for outward payments****
R230
Returned or incorrect payment
R230
* On inbound transfers, fees only charged if SWIFT instruction is BEN or SHA ** Flat transaction fee charged on individual deals only. Incorporated Entities charged the normal fees for deals under R5 000 *** South African rand fee charged on South African rand deals irrespective of SWIFT instruction **** Waived if client has an Investec PBA
Cash Investments | Foreign Exchange | Personal Finance | Transactional Banking Investec Specialist Bank, a division of Investec Bank Limited registration number 1969/004763/06. Investec Specialist Bank is committed to the Code of Banking Practice as regulated by the Ombudsman for Banking Services. Copies of the Code and the Ombudsman's details are available on request or visit www.investec.co.za. A registered credit provider registration number NCRCP9.
