Capitec Bank review

The account carries a monthly fee of ZAR 7.50, which sits above the site median monthly fee of €0. Many rivals on the site charge no monthly fee at all, so the charge suits readers who use the account heavily.

The currency conversion fee is 0%, which places the brand at 1 of 312 brands on this measure. The site median conversion fee is 0.5%, so this account adds nothing to the cost of changing currency.

The provider is Capitec Bank Limited, a bank rather than an e-money or payment institution. Bank licences are the least common kind on the site, at 27.5% of the listings, against 33.3%.

The account kind is easy access, the most common kind of account on the site at 76.7%. Easy access suits readers who want to reach savings without a notice period or a fixed term.

The brand is built for the South African market, with its head office in South Africa. The typical account on the site holds 5 currencies, so readers who need a long currency list should compare more widely.

It suits readers who want everyday spending in one account, hold more than one currency and pay no conversion charge. Business readers are the largest audience on the site at 56.5%, with travellers at 27.3%.

On cost the brand scores 5.3, which is the same as its overall score of 5.3. The low conversion charge lifts the rating, while the monthly fee holds it back against the many free accounts on the site.

AXI Card, XTB and Skrill all charge a monthly fee of €0, €0 and €0. Capitec Bank is the higher cost option of the group, paid back in part by the 0% currency conversion fee.