Fees and Pricing
Traveller's cheques
| US Dollars | 1.60% |
| Pounds Sterling | 1.60% |
| Euros | 1.60% |
| Other | 1.60% |
| Fees exclude VAT | |
A minimum fee of R100 plus VAT will be levied on each invoice relating to the sale of Travel Currency (effective 1 April 2012).
Foreign bank notes
| All currencies (Please note that all commissions above are charged on the ZAR amount of the transaction and VAT at 14% is charged on the commission amount only) |
1.60% |
|---|
Telegraphic transfers
| New deal type description | Minimum Fee | Maximum Fee | Fee % |
|---|---|---|---|
| Single Discretionary Allowance | R300.00 | R700.00 | 0.5% |
| Invoice Payments | R400.00 | R700.00 | 0.5% |
| Foreign Investment Allowance | R250.00 | R700.00 | 0.5% |
| Outbound Rand Transfers | R300.00 | R800.00 | 0.5% |
| Other Telegraphic Transfers | R300.00 | R700.00 | 0.5% |
| Fees exclude VAT | |||
A flat fee of R 150 (VAT inclusive) will be charged, should the client request Investec to pay for offshore bank charges (effective 1 April 2012).
Inbound currency and Rand
| New deal type description | Minimum Fee | Maximum Fee | Fee % |
|---|---|---|---|
| Inbound Currency | R200.00 | R400.00 | 0.5% |
| Inbound Rand | R225.00 | R500.00 | 0.5% |
| Fees exclude VAT | |||