Discovery Transaction Account fees

Pricing type: One fee for all your transactions

Discovery Bank fee updates for 2022

Since the launch of Discovery Bank in 2019, we've kept our fees the same - particularly in the face of challenges brought on by the COVID-19 pandemic. To ensure that we can keep offering you the high level of service and innovation you're used to, your monthly account fees and transaction fees will change from your billing date in January 2022.

Select your Discovery Bank product for detailed information about your new fees structure:

Discovery Transaction Account Black Platinum Gold
Monthly fees
Monthly account fee R250 R180 R105
MonthlyVitality Money premium R25 R15 R15
Monthly single credit facility fee* R30 R30 R30
Total monthly account fee R275 R195 R120
Transaction fees
Cash withdrawal at local ATM Unlimited 8 free1 4 free1
Cash withdrawal at local point-of-sale2 Unlimited Unlimited Unlimited
Cash withdrawal at international ATM Unlimited R65 R65
Debit orders Unlimited Unlimited Unlimited
Payments Unlimited Unlimited Unlimited
Discovery Instant Pay (real-time payments) Unlimited R10 R10
Discovery Pay Unlimited Unlimited Unlimited
Prepaid airtime, data and SMS purchases Unlimited Unlimited Unlimited
Other fees
Point-of-sale swipes: local and international Free Free Free
Cash deposits at Pick n Pay and Boxer stores R19.95 per R5 000 R19.95 per R5 000 R19.95 per R5 000
Inter-account transfers Free Free Free
Balance enquiry at ATM Free Free Free
Payment notifications Free Free Free
Own account notifications Free Free Free
Returned debit order Free Free Free
Declined transactions Free Free Free
Secondary card (monthly) R30 R30 R30
Single credit facility initiation fee R165 R165 R165
Currency conversion fee 2.75% 2.75% 2.75%
Card replacement fee (one free per year) R150 R150 R150
Health Banking (monthly) R10 R10 R10

1 Normal pricing applies after free transactions have been used (local ATM cash withdrawals: R4.50 + 1.5% of withdrawn amount)
2 You can withdraw money at Pick n Pay, Checkers and Shoprite outlets, and selected Spar stores. Withdrawal amount limits may vary from one merchant to another.

All fees include VAT.

Additional product or service fees may be charged. We'll notify you of these charges before delivering the service. Any new services or products we introduce may also have a fee. We'll update this guide to include these fees to ensure you always stay informed.

Discovery Bank Limited. Registration number 2015/408745/06. An authorised financial services and registered credit provider. FSP number 48657. NCR registration number NCRCP9997. Terms and conditions apply.

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