Johannesburg – Starting on Monday, it will cost more to withdraw money from an ATM that does not belong to your bank.
Banks scrapped so-called Saswitch charges in April to encourage social distancing and stop clients from traveling long distances to their banks.
The Banking Association says the fees will now be brought back under Level 3 lockdown. The association says banks will no longer absorb the cost because the government has now eased the lockdown restrictions.
It also added that prudent business practices now demand that banks recover the cost of maintaining and operating ATMs.
