Pricing

Freedom Premium

Account Limits

FICA TYPEDisbursementWalletFica LightFull FICA
FICA RequirementsCapture name, surname, DOB, ID/ passport number and address.Identity document
only (SA
Residents)
OR
Passport only
OR
Asylum seeker
document		Identity document
only (SA Residents)
OR
Passport + Permit
(Temporary
Residents)
OR
Asylum seeker
document
(No Proof of
Address required)
Identity document (SA
Residents)
OR
Passport + Permit
(Temporary Residents)
OR
Asylum seekers
document
AND
Proof of Address
Accounts/Wallets allowed per co- brand (NB)111Unlimited
Temporary Residents allowedYesYes YesYes
Relevant checks per RMCPyesYesYesYes

Transactional restrictions
Transactional restrictionsDisbursementWalletFICA lightFull FICA
● International
transactions		No InternationalNo InternationalAllowed Allowed
● Balance
thresholds		 Yes Yes YesYes
● Transaction
limits		YesYesYesYes
● Deposit sourceSingle sourceSingle/multi-sourceSingle/multi-sourceMulti-source
Overall risk
approach		Very LowLowMediumHigh

POS Purchases LocalDisbursementWalletFica LightFull FICA
Per transaction R10 000 R10 000R10 000R50 000
Per dayR10 000 R20 000R20 000 R100 000

POS Purchases International
DisbursementWalletFica LightFull FICA
Per transactionn/an/aR10 000R50 000
Per dayn/an/aR10 000R100 000
Cash Withdrawals-ATM LocalDisbursementWalletFICA LightFull FICA
Per TransactionR2 000R2 000R2 000R2 000
Per DayR5 000R5 000R5 000R10 000
Cash Withdrawals International
Per transactionn/an/aR2 000R2 000
Per dayn/an/aR5 000R10 000
Purchase with cash
Per transactionR2 000R2 000R2 000R2 000
Per dayR5 000R2 000R5 000R10 000
EFT EFT
Payment/transfer		R10 000n/aR20 000R50 000
Balance
thresholds		R10 000R25 000R25 000R500 000
Maximum monthly credits (deposits)R10 000R25 000R25 000R500 000
Maximum daily debit spendR10 000R20 000R25 000R100 000
Maximum monthly debit spendR10 000R25 000R25 000R500 000
Others
Client Fees
Monthly Management FeeR12.50
Monthly 3D Secure FeeR12.25
Card CreationR1.24
EMV Chip CardR 99
EMV Chip CardOn Quotation
Transaction Type2024
Monthly Fee - Card Only
Tier 1: 1-25 000R 12.5
Tier 2: 25 001- 75 000R 12.5
Tier 3: 75 001- 150 000R 12.5
Tier 4: 150 001- 250 000R 12.5
Tier 5: 250 001+R 12.5
Monthly Fee - Card and Account
Tier 1: 1-25 000R 12.5
Tier 2: 25 001- 75 000R 12.5
Tier 3: 75 001- 150 000R 12.5
|Tier 4: 150 001- 250 000R 12.5
Tier 5:250 001 +R 10
Card load (From Client Float account)R 7.5
EFT IN (applicable with C/H own account)R 9.5
RTC IN (applicable with C/H own account)R 12.75
SWIFT IN (applicable with C/H own account)R 52.75
Debit OrderR 11.25
Card replacement feeR 25
Card to Card TransferFREE
Point of sale - LocalR 6.25
Point of Sale - InternationalR 24
Point of Sale - International -% Fee2%
Purchase with Cash at POSR 7.25
Cash Only at POSR 8
ATM PurchaseR 5
ATM Cash Withdrawal -Local Per transactionR 11.5
ATM Cash Withdrawal - Local - per R100 or portion thereofR 2
ATM Cash Withdrawal - InternationalR 60.75
3D Secure FeeR 5
EFT Payment (any channelR 15
Load NotificationR 2.5
Transaction NotificationR 2.5
ISMS OTPR 2.5
SMS Card ActivationR 5.75
ATM Balance Enguire - LocalR 4.35
ATM Balance Enguire - InternationalR 7.61
SMS(Balance to 31571)R 1.62
IVRR 1.62
Point of Sale Decline/return - LocalR 2.15
Point of Sale Decline/return - InternationalR 9.89
|ATM Decline/return - LocalR 6.45
ATM Decline/return - InternationalR 9.68
EFT Reversal/ReturnR 7.53
Debit Order Decline/ReturnR 7.53
30 Day Statement-
60 Day StatementR 8.68
90 Day StatementR 13.02
Email StatementR 1.08
Transaction DisputeR 91.38

Swiping at a retailer is easier, safer and cheaper than withdrawing cash from an ATM. Fees are subject to change without notice.

What do you need to open your Freedom Premium Account?
  • Valid South Africa ID or Passport (No Visa required) or Valid Asylum Seeker Document
  • Valid work or study permit (Passport holders only)
  • Proof of Address ( no less than 3 months old)
  • Must Have A Verifiable Address With Pròof Of Address. Acceptable Proof Of Address Are:
    1.Utility Bill (Dstv, Water And Light Bill, Account Bill)
    2. Bank Statement
    3. Pay Slip