Banking giant ABSA (surprise, surprise – well I actually thought Nedbank might come out tops), identified as one of the two most expensive banks in SA in  a report on bank charges last year, has retained its title (surely, nothing to be proud of). Apparently, bank charges of ABSA’s cheapest account went up by 8%, while Capitec’s bank charges were not increased at all this year. Not surprising at all, Capitec’s Global One account comes out as the least expensive.

According to the report, Standard Bank and ABSA were still overall the most expensive of the five major SA banks…

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