Updated October 21, 2026 · VaultCue Editorial Team
Capitec Bank vs Illimity
Capitec Bank
Higher score in this comparison
Illimity
Capitec Bank vs Illimity: the differences
| Compare | Capitec BankReviewSee alternativesSee alternatives | IllimityReviewSee alternativesSee alternatives |
|---|---|---|
| Monthly fee | ZAR 7.50 | €0 |
| Deposit protection | Not confirmed | EU DGS up to EUR 100,000 |
| Currency conversion fee | 0% | Not confirmed |
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Our verdict on each
Capitec Bank
Capitec Bank suits South African residents who want easy access to their money and hold several currencies, since the account kind is easy access and the currency conversion fee is 0%. The catch is the monthly fee of ZAR 7.50, which many rivals do not charge at all.
Illimity
Illimity is an Italian digital bank whose fixed deposit account pays 2% to 3.9% on terms of 6 to 60 and charges a monthly fee of €0. It suits savers happy to lock money away and business customers, and it is a poor fit for anyone who wants branch cash or instant access.
Score breakdown
| Area | Capitec Bank | Illimity |
|---|---|---|
| Cost | 9.1Currency conversion fee of 0% against a site median of 0.5%, but a monthly fee of ZAR 7.50 sits well above the €0 typical. | 9.3Higher |
| Offer | Not confirmed | 9.8 |
| Trust | 9.0Higher | 8.2 |
How they place
| Ranking | Capitec Bank | Illimity |
|---|---|---|
| Savings accounts | 335 of 1420 | 354 of 1420 |
Every fact side by side
| Fact | Capitec Bank | Illimity |
|---|---|---|
| Audience | Not confirmed | Business |
| Pricing model | Not confirmed | No monthly fee, Fixed rate |
| Features | Not confirmed | Digital only |
| Legal entity | Capitec Bank Limited | Illimity Bank S.p.A. |
| Headquarters | South Africa | Italy |
| Founded | 2001Lower | 2018 |
| Support channels | Not confirmed | Help centre, Phone, Chat, Email |
Savings
| Fact | Capitec Bank | Illimity |
|---|---|---|
| Headline rate | Not confirmed | 2% to 3.9% |
| Rate type | Not confirmed | Fixed |
| Term | Not confirmed | 6 to 60 months |
| Minimum deposit | Not confirmed | €1,000 |
| Access terms | Not confirmed | 100% digital, opened and managed from home banking on PC or smartphone; non-releasable (locked) or releasable lines with free early redemption on releasable lines only |
| Account kind | Easy access | Fixed |
Where each stands against the rest
| Fact | Capitec Bank | Illimity | Median |
|---|---|---|---|
| Currency conversion fee | 0%below the median | Not confirmed | 0.5% |
Median across 377 listed accounts.
Pros and cons
Capitec Bank
Pros
- The currency conversion fee of 0% ranks 1 of 312 brands on conversion cost
- A bank rather than an e-money wallet, with the legal entity Capitec Bank Limited
- The account is easy access, so savings stay reachable
Cons
- The monthly fee of ZAR 7.50 applies to the main account, while rivals such as AXI Card, XTB and Skrill charge €0
- A charge where most accounts carry none, as the site median monthly fee is €0
- Head office country is ZA, so the account is aimed at the local market rather than a single international one
Illimity
Pros
- A monthly fee of €0, and no monthly fee and fixed rate lists Illimity as a no monthly fee provider
- A fixed rate of 2% to 3.9% on terms of 6 to 60
- Deposits sit under the EU guarantee scheme: EU DGS up to EUR 100,000
Cons
- Digital only, per digital only, so there is no branch counter for cash or paperwork
- A minimum deposit of €1,000 rules out small balances
- Locked lines tie the money for the full 6 to 60, and free early redemption applies only to releasable lines
Who each suits
Capitec Bank
Who it suits
- Residents of ZA who want one account for everyday spending
- Travellers holding more than one currency, given the 0% conversion fee
- Anyone who values easy access to savings over a notice account
Who should look elsewhere
- People who want no monthly charge, since the fee is ZAR 7.50 and XTB charges €0
- Anyone holding savings in a fixed term, as this is an easy access account
Illimity
Who it suits
- Savers who want a fixed rate and can leave the money locked for the term
- Business customers, the audience listed as business
- People already comfortable running a bank from a phone or PC
Who should look elsewhere
- Anyone who needs easy access to the money, since fixed is fixed and locked lines run to the end of the term
- Customers who want to handle cash in person, given the digital only setup listed under digital only
- Balances that sit below the €1,000 minimum
Country by country
| Country | Capitec Bank | Illimity |
|---|---|---|
| Italy | No | Yes |
| South Africa | Yes | No |
Questions about each
Capitec Bank
How much does Capitec Bank charge each month?+
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.
What does it cost to convert currency?+
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.
Illimity
Is there a monthly fee?+
The account carries a monthly fee of €0, and no monthly fee and fixed rate lists Illimity as a no monthly fee provider. That puts it among the cheaper places to park savings, which means the rate and the term are the things worth weighing rather than the cost of keeping the account open.
What rate do I get on the money?+
The headline rate runs 2% to 3.9% and the rate type is fixed, so the return is set for the whole term instead of moving with the market. Where you land inside that range depends on the line you open and how much you keep in it.
Other options to compare
Capitec Bank
Illimity