Investec Private Banking Fees 2016

Size: px

Start display at page:

Download "Investec Private Banking Fees 2016"

Sylvia Morgan
8 years ago
Views:

Investec Private Banking Fees 2016 Fee table: Private Bank Account Investec Private Banking Platinum Account Trainee Accountant Extra Guaranteed Accounts Multiple Accounts Electronic Only (EO)

1 Investec Private Banking Fees 2016 Fee table: Private Bank Account Investec Private Banking Platinum Account Trainee Accountant Extra Guaranteed Accounts Multiple Accounts Electronic Only (EO) Accounts* 35 R260 R235 R235 R215 *This option is only for clients living abroad and includes a total of 10 free online banking debit and debit order transactions. After this, transactional charges will apply. If you return to South Africa, a monthly fee of 35 will be levied and there will be no transactional charges incurred after the date of conversion to the fee of 35. Transactions carried out before the date of conversion to the fee of 35 will incur transactional charges. If you return to South Africa and go abroad again in one statement period, a monthly fee of 35 will be levied. Again, transactional charges incurred before the first conversion from EO to a fee of 35 per month will still be charged, but there will be no transactional charges applied to transactions undertaken while you pay a monthly fee of 35. Ad hoc service charges may still apply. Transaction charges Purchase airtime, data and SMS bundles Purchases using the card at point of sale devices Journey Card monthly fee per card Journey Card transaction fee (fuel, oil and toll transactions) Cash withdrawals at local and international ATMs Cash withdrawals at local and international bank branches Foreign exchange related transactions Online Banking transactions that debit the Investec Private Bank Account Online Banking transactions that credit the Investec Private Bank Account Debit orders against your account R15 0 Refer to foreign exchange fees below Online statements Lost card protection Electronic Only Account card reissuance fee (once-off) Card replacement and local deliveries Branch delivery International card deliveries Local emergency card deliveries Monthly financing administration fee per mortgage and instalment sale R200 (R200 if card is replaced more than once in a two-year cycle) (R200 if card is replaced more than once in a two-year cycle) R375 R280

After this, transactional charges will apply.

2 Fee table: Private Bank Account 2 Travel insurance (when purchasing international travel tickets with an Investec Visa card) Transaction voucher copy (for disputed transactions) Successful transaction dispute Unsuccessful transaction dispute Returned payment fee on returned cheques Returned payment fee on returned Automatic Payment Orders (APO) R180 Cash handling fee (for depositing cash at an Absa branch) 1.08% Copy of deposit slip less than 30 days old Copy of deposit slip older than 30 days Provide details on credit or debit to account less than 30 days old Provide details on credit or debit to account older than 30 days Special clearance on cheques (to be requested when depositing a cheque at Absa) Cheque requests Cheque receipt Cheque encashment Copy of cheque Successful payment recall Unsuccessful payment recall Cash send Debit order resubmission fee Faster Payment Fee (outbound real time clearing (RTC) payment) R110 R22 R85 R50 R25 0 International foreign exchange International Conversion Fee (a fee charged on any transaction, not performed in South African rand) Emergency cash disbursement fees (international) 2.5% 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) R (international)

3 Fee table: Private Bank Account 3 Other features Investec Rewards Investec Online and the Investec App Earn one Rewards point for every R5 spent on your Investec Visa card, online or in-store 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

in-store SAA Lounge and Bidvest Premier Lounge: Unconditional access to all Investec Private

4 Fee table: Private Bank Account 4 Investec Private Business Account Trust Accounts (no card issued)* Trust Accounts (card issued) *Must have a Private Bank Account to have access to this offering Transaction charges Purchases using the card at point of sale devices Journey Card monthly fee per card Journey Card transaction fee (fuel, oil and toll transactions) Cash withdrawals at local and international ATMs Cash withdrawals at local and international bank branches (including foreign exchange purchases) Balance of payment administration fee (applicable on all foreign rand and currency deposits) Online Banking transactions that debit the Investec Private Business Bank Account Online Banking transactions that credit the Investec Private Business Bank Account Online statements Debit orders against your account R250 R135 R250 R15 R13 0 Refer to foreign exchange fees below International foreign exchange International Conversion Fee (a fee charged on any transaction, not performed in South African rand) Emergency cash disbursement fees (international) 2.5% 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 Lost card protection Card replacement and local deliveries Branch delivery International card deliveries Local emergency card deliveries Monthly financing administration fee per mortgage and instalment sale Travel insurance (when purchasing travel tickets with an Investec Private Bank Business Account card) Transaction voucher copy (for disputed transactions) Successful transaction dispute (R200 if card is replaced more than once in a two-year cycle) (R200 if card is replaced more than once in a two-year cycle) R375 R280

international ATMs Cash withdrawals at local and international bank branches (including foreign exchange purchases) Balance of payment administration fee (applicable on all foreign rand and currency

5 Fee table: Private Bank Account 5 Unsuccessful transaction dispute R180 Returned payment fee on returned cheques Returned payment fee on returned Automatic Payment Orders (APO) Cash handling fee (for depositing cash at an Absa branch) 1.08% Copy of deposit slip less than 30 days old Copy of deposit slip older than 30 days Provide details on credit or debit to account less than 30 days Provide details on credit or debit to account older than 30 days old Special clearance on cheques (to be requested when depositing a cheque at Absa) Cheque requests Cheque receipt Cheque encashment Copy of cheque Successful payment recall Unsuccessful payment recall Cash send Debit order resubmission fee Faster Payment Fee (outbound real time clearing (RTC) payment) Investec loading beneficiaries on Online Banking on your behalf Load 20 or less beneficiaries Load 21 to 50 beneficiaries Load 51 to 100 beneficiaries Load 101 to 200 beneficiaries Load 201 to 300 beneficiaries R110 R22 R85 R50 R25 0 R R720 ATM limits Daily chip and PIN card, cash withdrawal limit R6 000 (domestic) R (international) Other features Investec Online and the Investec App SAA Lounge and Bidvest Premier Lounge: Unconditional access to all Investec Private Bank Account card holders Investec Rewards Bidvest Premier Lounge guest and child Earn one Rewards point for every R5 spent on your Investec Visa card, online or instore Preferential rates charged

08% Copy of deposit slip less than 30 days old Copy of deposit slip older than 30 days Provide details on credit or debit to account less than 30 days Provide details on credit or debit to account

6 Fee table: Private Bank Account 6 Investec Online Electronic Account (no card issued with this account) Includes 250 free transactions, thereafter R12 per transaction (default option) R325 per month. 250 free transactions, thereafter R12 per transaction Foreign exchange fees Deals greater than R5 000 International transfers in currency* International transfers in South African rand* Travel currency (Travel card or foreign notes) Deals smaller than R5 000 (For individuals, depending on SWIFT instructions) Flat transaction fee** 0.55% minimum R365 maximum R % minimum R365 maximum R % minimum R160 R230 Additional charges (Charged in addition to the minimum and maximum fees as indicated above) South African rand transaction fee*** Offshore charge for outward payments**** Returned or incorrect payment * 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 R175 R230 R230

currency (Travel card or foreign notes) Deals smaller than R5 000 (For individuals, depending on SWIFT instructions) Flat transaction fee** 0.55% minimum R365 maximum R850 0.

Investec Private Banking fees 2015

Investec Private Banking fees 2015 Fee table: Private Bank Account Investec Private Banking Platinum Account Trainee Accountant Extra Guaranteed Accounts Multiple Accounts Electronic Only (EO) Accounts*