Transaction fees are related to recouping some of the expenses that are incurred in providing transaction services to customers.
You may want to consider the following ways in which to minimise transaction fees.
Use the CREDIT option when paying for items purchased from merchants with your Visa debit card. Some merchants may impose their own fee for using your card. Double up with EFTPOS – When using a PIN based EFTPOS transaction, in addition to your purchase, withdraw cash when possible as this counts as only one transaction. Always Free Remember, you may have as many of the following transactions types per month as you like, and you will not incur transaction fees:
- Fee free ATM transactions via RediATM’s – online locator
- Visa CREDIT transactions (Including payWave)
- Direct Credits
- Payroll Credits
Monthly Transaction Allowance
You may have up to 20 of the following transactions types per month and you will not incur transaction fees:
- External funds transfers
- Direct Debits
If you do not use all 20 free transactions within the month they will not carry over to the following month.