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Do You Know What Your Immediate Online Payments Are Costing You In Bank Fees?

May 11, 2021

Thousands of South Africans may not be aware that they are paying significantly more for immediate online payments.

Online shopping has become increasingly popular since the Covid-19 pandemic hit South Africa over a year ago.

And there is quite a difference in fees for this service between the different banks.

Andrew Thompson dissected the real-time clearing fees between SA’s largest banks in BusinessInsider.

What is the difference between an EFT an a RTC or Immediate Transfer.

How much does an Immediate transfer cost?

Thompson gave Radio Islam listeners the answers to these questions which are so commonly asked.

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