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The cost structures of most banks are “reasonably in line” with one another, competing more by means of added value such as rewards programmes, which have been substantially expanded over the past number of years. Picture: Simphiwe Mbokazi/African News Agency (ANA) Archives Consumer Watch: Do you know what you’re paying for in bank fees? By Georgina Crouth Share Cape Town - A growing number of consumers are starting to pay attention to transactional banking charges, thanks to the meteoric rise of entry-level products such as TymeBank, FNB Easy Zero, Nedbank MobiMoney and Africa...

Absa throws lifeline to clients dealing with devastating economic effects of Covid-19 By Staff Reporter Share Johannesburg - As Covid-19 continues to wreak havoc with the economy, Absa has thrown a lifeline to consumers battling to make ends meet. The bank said as of March 2021, new pricing structure aimed at helping their clients amid the struggling economy and insulate them from further financial strain will come info effect. According to Absa’s Cowyk Fox, Covid-19 brought into sharp focus the need to look at customer relief holistically and across the board hence the decision to introdu...

Absa said the monthly fee freezes and waivers will provide approximately R500 million in pricing relief to customers. Photo: Elvira Wood Absa has decided to freeze monthly fees on a host of its bank accounts and to provide free banking to students. The bank which in 2020 started regaining market share lost over the years while it was under the Barclays' rule said the monthly fee freezes and waivers will provide approximately R500 million in pricing relief to customers. The reason? To "insulate" its customers from further financial strain as the Covid-19 pandemic left many...