Banking Fees | Online banks are tops in survey

JOHANNESBURG - New online banks are giving traditional banks a run for their money in terms of bank fees.

The latest banking fees survey by the Solidarity Research Institute shows TymeBank and Bank Zero offer common services at a fraction of the price compared to traditional banks.

READ: Tencent and CDC invest in TymeBank

The fee comparison is based on four different transaction profiles, split across four different groups.

Solidarity says traditional banks which offer wider services have reacted by simplifying their fee structure.


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