Please note that a new service charge for some Investec Private Bank Accounts will come into effect on 1 June 2008. To view the new service charge structures, click here
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Fees structured to give you more for less |
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Overdraft rate |
Outstanding balances will attract interest at Investec’s prime rate minus 1%. New card purchases will attract interest from the statement date* |
Investec Prime rate minus 1% as reflected on your monthly statement |
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Credit interest |
Interest is earned on the daily credit balance net of purchases, cash withdrawals and near cash transactions debited to the account |
Investec Call rate as reflected on your monthly statement |
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Monthly account fee |
Per account, not per card |
R150 |
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Transaction charges |
Purchases utilising the card at point of sale devices |
Free |
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Purchases utilising the Journey card at point of sale devices |
Free |
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Cash withdrawal at local and international ATMs |
Free |
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Cash withdrawal at local and international bank branches (including foreign exchange purchases) |
Free |
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Balance of payment administration fee (applicable on all foreign rand and currency deposits) |
R150 |
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Online Banking transactions that debit the Private Bank Account |
Free |
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Online Banking transactions that credit the Private Bank Account |
Free |
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Online statements |
Free |
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Debit orders effected against your account |
Free |
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Service charges |
Card delivery |
Free |
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Lost card protection |
Free |
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Travel insurance when purchasing travel tickets with a Private Bank card |
Free |
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Optional additional travel insurance |
R255 |
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Transaction voucher copy |
Charge on request |
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If the transaction is fraudulent or processed incorrectly |
Free |
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Returned payment fee - Any transaction (such as a returned cheque, debit order, direct debit) which requires referral |
R60 |
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Cash handling fee |
0.76% of deposit value |
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Copy of deposit slip less than 30 days old |
R29.70 |
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Copy of deposit slip older than 30 days old |
R185.50 |
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Special clearance on cheques |
R40.80 |
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ATM Limits |
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Daily cash withdrawal limit |
Local ATMs |
R3 000 |
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International ATMs |
R15 000 |
* Cash withdrawals and near cash transactions will attract interest and/or be netted off the account’s interest earning balance on the date of the transaction. All online banking transactions (account payments or transfers), debit orders and payments for foreign exchange are near cash transactions
Please Note:
The rates and charges shown may vary, but are correct at the time of publishing on this site.
All bank charges include 14% VAT.
Click here to view Cash Management Account rates.
