Here’s what you’re saving in Saswitch fees during the Covid-19 lockdown
Normally you would pay the usual withdrawal fees as well as a punitive fee for using another bank’s ATM
03 April 2020 - 18:49
SA banks have decided collectively, through the Banking Association SA (Basa) to waive all Saswitch fees so you can withdraw cash from any bank ATM, regardless of which bank you are with.
Normally, if, for example, you bank with Standard Bank and make a cash withdrawal from an Absa ATM, you would pay the usual withdrawal fees as well as a punitive fee for using another bank’s ATM — this is known as the Saswitch fee...
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