Investec Private Banking Fees

Transcription

1 Investec Private Banking Fees Effective August 2018 Fee table: Private Bank Account Investec Private Banking Platinum Account Young professionals under 30 years of age Extra Guaranteed Accounts Multiple Accounts Electronic Only (EO) Accounts* R535 R *This option is only for clients living abroad. If you return to South Africa, a monthly fee of R535 will be levied and there will be no transactional charges incurred after the date of conversion to the fee of R535. Transactions carried out before the date of conversion to the fee of R535 will incur transactional charges. If you return to South Africa and go abroad again in one statement period, a monthly fee of R535 will be levied. Again, transactional charges incurred before the first conversion from EO to a fee of R535 per month will still be charged, but there will be no transactional charges applied to transactions undertaken while you pay a monthly fee of R535. Ad hoc service charges may still apply. As there is no active Investec Visa card on this account option, all functionality and benefits of the card, such as Investec Rewards, airport lounge access and travel insurance, will only be available to you if reactivate your card. The monthly fee will then increase to R535. 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) R5.50 Cash withdrawals at local and international ATMs (excluding international conversion fee and fees levied by 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 Refer to foreign exchange fees below Online statements Lost card protection Electronic Only Account card reissuance fee (once-off) Card replacement and local deliveries ( if card is replaced

2 2 Branch delivery International card deliveries Local emergency card deliveries Monthly financing administration fee per mortgage and instalment sale Monthly financing administration fee if you do not service your debt via debit order through your Investec Private Bank Account per mortgage and instalment sale 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) Cash handling fee (for depositing cash at an Absa branch) Cash handling fee (for depositing cash at an Absa ATM) 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 receipt Copy of cheque (less than 30 days old) Copy of cheque (more than 30 days old) Successful payment recall Unsuccessful payment recall Cash send Debit order resubmission fee Faster Payment Fee (outbound real time clearing (RTC) payment) ( if card is replaced R535 R340 (if you service your debt via debit order through your Investec Private Bank Account) Refer to terms and conditions of your financing agreement/refer to loan agreement R220 R % of the deposit value (subject to a minimum fee of R35) 1.20% of the deposit value R35

3 3 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) Other features Investec Online and the Investec App Investec Rewards: 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 Bidvest Premier Lounge guest and child Preferential rates charged Foreign exchange fees International transfers in currency* 0.555% minimum R maximum R International transfers in South African rand* 0.656% minimum R maximum R Travel currency (foreign notes) 2.185% minimum R Additional charges (Charged in addition to the minimum and maximum fees as indicated above) South African rand transaction fee** R Offshore charge for outward payments R Returned or incorrect payment R * On inbound transfers, fees only charged if SWIFT instruction is BEN or SHA ** South African rand fee charged on South African rand deals irrespective of SWIFT instruction

4 4 Fee table: Private Business Account 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 R345 R175 R345 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) R5.50 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 R5.50 Online Banking transactions that credit the Investec Private Business Bank Account Online statements R16 Refer to foreign exchange fees below Debit orders against your account (external) R5.50 International foreign exchange International Conversion Fee (a fee charged on any transaction, not performed in South African rand) Emergency cash disbursement fees (international) Lost card protection Once off activation fee per extra card (no activation fee for the first additional card, thereafter a once off fee of will be charged per additional card) Card replacement and local deliveries 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 ( if card is replaced.

5 5 Branch delivery International card deliveries Local emergency card deliveries Monthly financing administration fee per mortgage and instalment sale Monthly financing administration fee if you do not service your debt via debit order through your Investec Private Bank Account per mortgage and instalment sale 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) Cash handling fee (for depositing cash at an Absa branch) Cash handling fee (for depositing cash at an Absa ATM) 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 receipt Copy of cheque (less than 30 days old) Copy of cheque (more than 30 days old) Successful payment recall Unsuccessful payment recall Cash send Debit order resubmission fee Faster Payment Fee (outbound real time clearing (RTC) payment) ( if card is replaced R535 R340 (if you service your debt via debit order through your Private Business Account) Refer to terms and conditions of your financing agreement/refer to loan agreement R220 R % of the deposit value (subject to a minimum fee of R35) 1.20% of the deposit value R35 Investec loading beneficiaries on Online Banking on your behalf Load 20 or less beneficiaries Load 21 to 50 beneficiaries R145.

6 6 Load 51 to 100 beneficiaries Load 101 to 200 beneficiaries Load 201 to 300 beneficiaries R290 R580 R870 ATM limits Daily chip and PIN card, cash withdrawal limit R6 000 (domestic) R (international) Other features Investec Online and the Investec App Investec Rewards: Earn one Rewards point for every R10 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 Bidvest Premier Lounge guest and child Preferential rates charged Foreign exchange fees International transfers in currency* 0.555% minimum R maximum R International transfers in South African rand* 0.656% minimum R maximum R Travel currency (foreign notes) 2.185% minimum R Additional charges (Charged in addition to the minimum and maximum fees as indicated above) South African rand transaction fee** R Offshore charge for outward payments R Returned or incorrect payment R * On inbound transfers, fees only charged if SWIFT instruction is BEN or SHA ** South African rand fee charged on South African rand deals irrespective of SWIFT instruction.