Good news for Capitec customers! You no longer need to endure long queues at Capitec ATMs or branches to withdraw cash. The bank now offers a convenient and affordable solution: withdraw cash at any bank’s ATM in South Africa for the same cost as using a Capitec ATM—just R10 per R1,000.
Let’s explore how this works and how it can save you time and effort.
Why This Matters
- Convenience: You can withdraw cash from any ATM in South Africa, saving time and effort.
- Affordable Fees: No hidden costs—pay only R10 per R1,000, even when using other banks’ ATMs.
- Accessibility: Capitec customers often face long queues due to the bank’s popularity. This new option spreads withdrawal points across various ATMs, making life easier.
How to Withdraw Cash at Any ATM for R10 per R1,000
- Find an ATM Close to You: Use the ATM locator feature on your banking app or look for any nearby ATM from banks like FNB, Standard Bank, Absa, or Nedbank.
- Insert Your Capitec Card: Start the transaction as usual by inserting your Capitec debit or credit card.
- Follow the Instructions: Enter your PIN and select the amount you want to withdraw.
- Pay the Flat Fee: Capitec charges only R10 per R1,000 withdrawn, whether you use their ATM or another bank’s.
Benefits of Using Any ATM
- Avoid Long Queues: No need to wait at Capitec ATMs when other options are available.
- Wider Network Access: South Africa has thousands of ATMs from various banks, meaning you’ll always find one nearby.
- Simple and Transparent Pricing: With a flat fee of R10 per R1,000, you won’t encounter unexpected charges.
- Time-Saving: Save precious minutes by avoiding busy branches.
Related: How to Change Your SASSA Banking Details in 2025
FAQs About the New ATM Fee System
Q: Is this fee the same for all transactions?
A: Yes, the R10 per R1,000 fee applies whether you withdraw from a Capitec ATM or any other ATM in South Africa.
Q: Are there any limits on withdrawal amounts?
A: Withdrawal limits depend on the ATM you use and your daily Capitec withdrawal limit, which you can set in your app.
Q: How do I know the exact fees charged?
A: The withdrawal fee will be displayed before you confirm the transaction.
Q: Does this apply to international ATMs?
A: No, this fee structure is only applicable to ATMs in South Africa.
How to Save Even More While Using ATMs
- Plan Withdrawals in Advance: Instead of multiple small withdrawals, withdraw a larger amount to save on fees.
- Use Free Payment Options: Whenever possible, use your card or app to pay instead of withdrawing cash.
- Bank on the Go: Use the Capitec app for transfers, airtime purchases, and payments to reduce the need for cash.
Other Capitec Services That Save You Time
- CashSend: Send money to someone who can withdraw it at a Shoprite, Checkers, or Usave tillpoint.
- Scan to Pay: Pay quickly at stores using your banking app.
- Virtual Card Payments: Secure online shopping without the need for physical cash.
Related: How to Buy Electricity on the Capitec App
Capitec’s decision to allow withdrawals at any bank’s ATM for just R10 per R1,000 is a game-changer for its customers. It not only provides flexibility but also reduces the hassle of standing in long queues. Start taking advantage of this feature today to enjoy convenient banking wherever you are.
