Technology has transformed the way we bank - from posting a cheque to doing an electronic funds transfer via an app - but to get cash, you still need to visit either an ATM or a retailer's till point. Drawing money at an ATM is costly, unless you are paying a monthly fee on your bank account for a bundled package of transactions that includes a certain number of withdrawals. An Absa account holder not on such a monthly package, for example, will pay a R10.70 fee to withdraw R500 at an ATM, and R16.70 if they use another bank's ATM. If you pay fees as you transact, get your cash from a till point at a supermarket with your bread and milk - it's far cheaper. Capitec, which had ninemillion clients by the end of June, surpassing the number of Absa clients, gives its customers a firm shove towards point-of-sale withdrawals at supermarkets. As a Capitec client you pay R1.50 to withdraw cash at the till, versus R6 at a Capitec ATM, and R8.50 at another bank's ATM. "There are no limits or c...

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