At NextMoney we ensure our clients fully understand all fees and charges relating to their credit facility and NextMoney cards. Our costs are fair, transparent and competitive. Please feel free to contact us if you need any information or help to understand exactly how the fees work.

 If the card is not used in any given month, no service fee, admin fee or transaction fee
will be charged for that month.

 

FACILITIES RELATED FEES

Initiation Fee

Zero

Monthly Service Fee

R150.00 (incl. VAT)

Interest Rate

Variable depending on Repo Rate, currently 1.75% per month

No use = No charge!

 

CARD-RELATED FEES

Card Fees

Zero – no monthly or annual card fees

ATM withdrawal at Standard Bank ATM

R10.00

ATM withdrawal at other ATM

R17.50

Balance Enquiries at Standard Bank ATM

R3.00

Balance Enquiries at other ATM

R4.45

Balance Enquiries via SMS

R2.28

Balance Enquiries via website logging

Zero

POS (point of sale) transaction charge

Zero – Swipe your card for free

Cash back (cash withdraw) at POS

R2.60 where there is a POS with the cash back
R3.35 when no POS is performed

Decline fees at ATM or POS

Zero

Deposit fee at banks or EFT

Zero

Admin fees (charged monthly per transaction Amount)

10% of total monthly transaction up to R2 500.00 plus 2% of any transaction in excess of R2 500.00

SMS notification

Zero

Disputed card holder transaction or chargeback. Requests where cardholder incorrectly disputes a valid transaction

R110.00 per disputed transaction request

Replacement card fee (due to loss of card)

R57.00

Replacement card delivery fee

R57.00

PIN reset

R5.50

All pricing inclusive of VAT.
All fees are subject to change at the sole discretion of NextMoney
If the card is not used in any given month, no service fee, admin fee or transaction fee
will be charged for that month.