mercantile bank private banking pricing guide v3 guide... · pricing guide all prices include vat...

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Pricing guide All prices include VAT and are effective as of the 1st April 2018 Mercantile Bank Limited. Reg. No: 1965/006706/06 An Authorised Financial Services and Credit Provider. NCRCP19

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Pricing guideAll prices include VAT and are effective as of the 1st April 2018

Mercantile Bank Limited. Reg. No: 1965/006706/06An Authorised Financial Services and Credit Provider. NCRCP19

The Entrepreneur Private Banking Account

Private Banking monthly service fee

Included Transactions

All local ATM withdrawals (from any Saswitch ATM)

Monthly internet banking fee

Online banking beneficiary payments

Online banking transfers between own accounts

Internal and external debit orders

Internal and external stop orders

Up to 2 free additional secondary credit cards

Annual Entrepreneur black credit card

Re-issue of credit card fee

Free local Bidvest premier lounge accesses depending on your 3 month average spend. Guests can be brought in at an additional fee of R237.06 local lounges and R353.07 international lounges

Unlimited

Nil

Unlimited

Unlimited

Unlimited

Unlimited

Included

Included

Included

1 free access on sign up

R353.07

Mercantile Bank Private Bank Pricing Guide April 2018 | Page 1

The Entrepreneur Current Account

Transaction Fees

Cash deposited at the branch or an ATM

Cash withdrawal fee

Stop payment of cheques or debit orders

Bank cheque fee

Special presentation fee

Postdated cheque fee

Cash withdrawal fee with encashment of cheque

Biller payments over the counter

Fee for statements that are produced other than monthly

R7.41 plus 1.91% of amount deposited

1.91% of amount withdrawn

R79.44

R131.14

R131.14

R110.96

R65.57 plus 1.91% of amount withdrawn

R18.76

Internet Banking Batch Payment R9.72

Cheque deposit feeR25.22 per deposit

page

Daily: R90.79Weekly: R42.37

Twice Monthly: R26.48

Mercantile Bank Private Bank Pricing Guide April 2018 | Page 2

Entrepreneur Credit Card

Replacement Card: principle and secondary

Transaction Fees

Cash withdrawals (international ATM's)

Cash withdrawals (over-the-counter) Mercantile Bank

Cash deposit fee

Cheque deposit fee

Funds transfer (branch counter)

ATM balance enquiry (international banks)

1% of amount drawn

R40.35 plus 1.71% of amount withdrawn

R8.07 plus 1.71% of amount deposited

R25.22 per deposit page

R45.39

R9.08

R42.37

Mercantile Bank Private Bank Pricing Guide April 2018 | Page 3

Administration and Collection Fees

Transaction notification SMS

PIN replacement (SMS)

Courier card delivery

Urgent courier delivery

R0.00

R4.04

R242.11

R453.95

Disputes

Voucher retrieval (local)

Voucher retrieval (international)

False disputes

R80.70

R288.51

R258.43

Foreign Exchange

Transaction Fees

Mercantile Bank Private Bank Pricing Guide April 2018 | Page 4

Foreign notes sales

Outgoing forex fee

Incoming forex payments

Swift fee per transaction

2% of Rand value min R230.00

0.60% of Rand value min R345.00max R862.50

0.60% of Rand value min R287.50max R862.50

R138.00

Entrepreneur residential home loan excluded from the bundle

Initiation fee

Monthly service fee

Cash deposit fee

R6037.50

R39.71R7.41 plus 1.91% of amount deposited

Lending

Entrepreneur installment sale excluded from the bundle

Initiation fee

Monthly service fee

Cash deposit fee

R1207.50

R57.50R7.41 plus 1.91% of amount deposited

Entrepreneur medium term loan excluded from the bundle

Initiation fee

Monthly service fee

Cash deposit fee

R1207.50

R57.50R7.41 plus 1.91% of amount deposited

For more information on our latest fees and assistance in maximising the benefits of our products and services contact your Private Banker or call us on 086 030 9250.