MERCANTILE BANK

PRICING GUIDE 2022

All prices include VAT and are effective as of the 16 May 2022.

FEE DESCRIPTION PRODUCT FEES

MONTHLY FEES Monthly Service Fee

Transactional Account - Current R 45.50

Transactional Account - Business R 65.00
Entrepreneur (Private Banking) R 375.00
Credit Card - Primary Card (Entrepreneur/Business) R 40.00
Credit Card - Account Fee R 40.00
Credit Card - Secondary Card (Entrepreneur/Business) R 40.00
Internet Banking FREE
Monthly Overdraft Fee R69.00
Monthly Loan Service Fee R69.00

Mercantile Bank a division of Capitec Bank Limited Reg. No: 1980/003695/06. An authorised financial services provider (FSP46669) and registered credit provider (NCRCP13).
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FEE DESCRIPTION PRODUCT FEES APP/IB CAPITEC ATM BRANCH INTERNATIONAL OTHER ATM

DEPOSIT FEES
Cash Deposit Fee
R1.00 per R100.00
Savings/Current/Entrepreneur • deposited • • •
Loan Accounts • • • • •
R28.00 + 2.00%
Deposits via Absa Bank • • deposited • •

WITHDRAWAL FEES
Cash Withdrawal Fee R8.00 per R1000.00 R10.00 per R1000.00
Savings/ Current/ Business Credit Card • cash withdrawal • R70.00 cash withdrawal

Entrepreneur Account (Only Saswitch ATM fee included in monthly account) • FREE • R70.00 FREE

PAYMENT METHODS
Debit Card Purchase Fee
Point of Sale R 5.00 • • • R11.50 •
Inter-Account Transfer Fee (Transfer between own accounts) • • • • •
Savings/Current/Entrepreneur/Credit Card FREE • R25.00 • •
Internal Mercantile Transfer Fee
Savings/Current/Entrepreneur R5.00 • R25.00 • •
Debit Order Fee
Savings/Current R 5.00 • • • • •
Entrepreneur Account FREE
Beneficiary/Bill Payment Fee
Savings/Current R5.00 • R65.00 • •
Entrepreneur FREE R65.00
Credit Cards - Business/Entrepreneur R5.00 • R65.00 • •
Immediate Payment to other bank
Savings/Current/Entrepreneur R7.50 • • • •
Payment to Capitec Account R5.00 • • • •
Batch Payment Per Item
Savings/Current/Entrepreneur R5.00 • • • •
Internet Banking Future Dated Payment Fee R5.00 • • • •
Standing Orders - External Fee
Savings/Current R 5.00 • • • •
Entrepreneur Unlimited
Standing Orders - Internal Fee
Savings/Current R 5.00 • • • •
Entrepreneur Unlimited
Future Dated and Recurring Payments R5.00
Straight Through Payment (STP) R40.00 R178.00
SARS Efiling Fee R 10.00 • • • • •
Balance Order
Per Balance order processed R 42.50 • • • • •

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FEE DESCRIPTION PRODUCT FEES APP/IB CAPITEC ATM BRANCH INTERNATIONAL OTHER ATM

INTERNET BANKING
Payment Recalls R160.00 • • • •
Password re-issue FREE • • • •
Secure Message on Internet Banking FREE • • • •
Beneficiary Notifications via Email, Fax, SMS FREE

PENALTY/UNSUCCESSFUL TRANSACTION FEES

Unsuccessful ATM Fee
Debit Card • R2.50 • R11.00 R8.00
Credit Card • R2.50 • R11.00
Standing Order rejected due to Insufficient Funds
Savings/Current/Entrepreneur R 7.00 • • • • • •
Over the Limit Fee
Savings/Current/Entrepreneur/Overdraft R 100.00 Per item causing amount to exceed the limit
Credit Cards - Business/Entrepreneur R 100.00 • • • • •
Debit Order Returns due to Insufficient Funds
Savings/Current/Entrepreneur R 7.00 • • • • •
Credit Cards - Business/Entrepreneur R 7.00 • • • • •
Late Payment
Credit Cards - Business/Entrepreneur R 250.00 • • • • •
Denied Transaction Fee due to Insufficient Funds
Internet Banking - Future dated payments/Insufficient funds on action date R 7.00 • • • • •
Rejected from Receiving Bank R265.00
Disputes: False Disputes
Credit Cards - Business/Entrepreneur R 258.43 • • • • •
Early Redemption of Investment: Admin Fee
All investments (Excluding 367 Day Notice) 3% on the amount withdrawn for the period to maturity + admin fee of R250.00 + VAT
367 Day Notice 1% on the amount withdrawn for the period to maturity + admin fee of R250.00 + VAT
TESA R 345.00 • • • • •

OTHER FEES
Stop Payment
Savings/Current/Entrepreneur/Cheque R 80.00 • • • • •
Notifications Fee
Savings/Current/Entrepreneur FREE • • • • •
Credit Cards - Business/Entrepreneur FREE • • • • •

STATEMENT FEES
First Statements
First Statement on all products via email/post FREE • • • • •
ATM Mini Statement
Debit Card • R5.00 • • •
Duplicate Statement and Provisional Statements
Savings/Current/Entrepreneur R 25.00 • • • • •
Credit Cards - Business/Entrepreneur R 25.00 • • • • •
Daily Statements
Savings/Current/Entrepreneur R 100.00 • • • • •
Weekly Statements
Savings/Current/Entrepreneur R 50.00 • • • • •
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FEE DESCRIPTION PRODUCT FEES APP/IB CAPITEC ATM BRANCH INTERNATIONAL OTHER ATM

Twice a Month Statements

Savings/Current/Entrepreneur R 30.00 • • • • •

CARD RELATED FEES

Initiation Fee
Credit Card - Gold Individual/Business R 250.00 • • • • •
New Debit Card FREE • • • • •
Replacement Card
Debit Card/All Credit Cards R 100.00 • • • • •
Card Delivery Fee
Credit Card Courier R 250.00 • • • • •
Credit Card Urgent Courier R 454.00 • • • • •
Credit Card Urgent Courier - International (Quoted dependant on country destination) POA • • • • •
Re-issue PIN Fee
Credit Card R 5.00 • • • • •
Balance Enquiry Fee
Debit Card • FREE • R9.00 R8.00
Credit Card - Business • FREE • R9.00 R8.00
Credit Card - Entrepreneur Card (Private Banking) • FREE • R9.00 FREE
Voucher Retrieval - Local
All Credit Cards - Business/Entrepreneur R 80.70 • • • • •
Bidvest Airport Lounge
Main and Guest Domestic R 237.06 • • • • •
Main and Guest Domestic Extended R 45.00 • • • • •
Main and Guest International R 353.07 • • • • •
Main and Guest International Extended R 45.00 • • • • •
Loyalty
Entrepreneur (Private Banking) 1 Free access Free Local Bidvest premier lounge accesses depending on your 3 month average spend. Guests
on sign up can be brought in at a fee of R237.06 local lounges and R353.07 international lounges and
R45.00 extended stay per person if not enough visits earned on the credit card spend.

FOREIGN EXCHANGE
Foreign Payments
Foreign Inward Payments - SHA/BEN R 350.00
Foreign Inward Payments - OUR R250.00 *
*Inward Payments Received with “OUR” Charge Option attract a reduced fee as the difference is
claimed from the Foreign Bank
Foreign Outward Payments - SHA/BEN R 250.00
Foreign Outward Payments - OUR R 500.00 **
**Outward Payments Sent with “OUR” Charge Option attract a higher fee as the client agrees to
cover the Sender’s Correspondent Bank Fee
Swift Query Fee R 138.00 • • • • •

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For more information on our latest fees, and assistance in maximising the benefits of our products
and services visit your nearest Mercantile Bank Business Centre or call us on 086 030 9250.
The Bank at all times reserves the right to review and amend charges and fees on all products, accounts and transactions.

Mercantile Bank Pricing Guide May 2022 | Page 5