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Fees and charges
with our Discovery Bank Forex Accounts

MONTHLY ACCOUNT FEES
Discovery Bank Purple Suite FREE
Discovery Bank Black Suite FREE
Discovery Bank Gold or Platinum Suite, Discovery Bank Card Account, or Discovery Bank Transaction Account with bundled fees R15 for each forex account
Discovery Bank Transaction Account with pay-as-you-transact fees R30 for each forex account
Card fees
Virtual cards FREE
Once-off physical debit card issuing fee R200
Once-off additional and secondary physical debit cards (optional) R200
Transaction fees
Transfers between ZAR and foreign currency accounts FREE
Transfers between foreign currency accounts FREE
International point-of-sale purchases╣ FREE
International ATM withdrawal fees
Discovery Bank Purple Suite FREE
Discovery Bank Black Suite and Black Transaction Account with bundled fees FREE
All other accounts R65
International payments
Outgoing payments options % of transaction value Minimum fee Maximum fee Additional fees
SHA
You pay part of the fees (the fees we charge), and your beneficiary pays fees from intermediary banks. The final payment amount the beneficiary receives is lower because of the deduction of these fees.
0.55% R175 R750 R175
(if source currency is ZAR)
OUR
You pay all fees upfront, which includes our and the intermediary bank fees. The person receiving the payment will receive the full amount.
0.55% R175 R750 Destination bank fee of
R175
and optional fee of
R175
(if source currency is ZAR)
BEN
The beneficiary is responsible for all fees. All banks in the payment process deduct their fees from the payment amount. The final payment amount the beneficiary receives is lower because of the deduction of these fees.
0.55% R175 R750 R175
(if source currency is ZAR)
Confirming your tax compliance status for using your Capital Allowance R100
Incoming payments options % of transaction value Minimum fee Maximum fee
SHA
You are responsible for our fees, and the intermediary banks' fees are deducted from the amount paid to you.
0.55% R175 R750
OUR
The payer chooses to pay all fees upfront, including fees from intermediary banks and our fees. You will receive the full payment amount without paying any fees.
You'll receive the full payment, and you won't be charged fees
BEN
The payer makes you responsible for all fees. You have to pay fees from intermediary banks and us. The final amount you receive will be lower because of the deduction of these fees.
0.55% R175 R750

These fees will be charged to the Rand account you nominated when you opened your foreign currency accounts. If you don't have a foreign currency account, fees for foreign currency transactions will be charged to the same account as the transaction.

Discovery Bank instantly processes your payments into the international banking system. Once your payment is received by an intermediary bank, it is subject to their processes and timelines.

╣Purchases include in-store and online payments using a physical card, virtual card or linked digital wallet like Apple Pay, Fitbit Pay, Garmin Pay, or Samsung Pay.

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 page to include these fees to ensure you always stay informed.

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