We aim to be competitive and transparent with our fees.

Description	Sanlam Liquid Debit Card Fees (including VAT)*	Sanlam Liquid Savings Account Fees (including VAT)**
General Fees
Monthly fee	R25.00	N/A
Statement	R7.50	R7.50
	Statements contractually defaults to monthly, but can be changed	Statements contractually defaults to monthly, but can be changed
Card Fees
First card issue	FREE	N/A
Secondary card	R100.00	N/A
Card replacement: local (lost card or pin)	R100.00	N/A
Card delivery: international	On request	N/A
Withdrawal Fees
Debit order	R4.50	R4.50
Stop order	R4.50	R4.50
Bidvest Bank ATM Withdrawal	R3.50 for the 1st R100 plus R0.90 per R100 thereafter	N/A
Saswitch ATM Withdrawal	R4.85 for the 1st R100 plus R0.85 per R100 thereafter	N/A
ATM Withdrawal denied: Insufficient funds	R4.50	N/A
ATM Withdrawal denied: Incorrect PIN	R0.50	N/A
ATM Withdrawal denied: Exceed daily limit	R2.00	N/A
Purchase at Point of Sale, purchase and withdrawal at Point of Sale, ATM balance enquiries, ATM prepaid top-up (Cell C, Vodago, MTN, Telkom)	R3.00	N/A
Monthly internet fee, internet balance enquiries, internal beneficiary payments (Liquid to Liquid)	FREE	FREE
External account payment and beneficiary payment through internet banking	R3.00	R3.00
		One recurring payment per month to an external party, set-up either through the call centre or internet, is free
Deposit Fees
Cash at ABSA Bank	R3.50 plus 0.34% of value of deposit	R3.50 plus 0.34% of value of deposit
Cheque at ABSA Bank	R3.50	R3.50
Special clearance at ABSA Bank	R50.00	R50.00
Returned cheque	R100.00	R100.00
Electronic deposits	FREE	FREE
Internet Banking notifications (per notification)
Email	FREE	FREE
SMS	R0.50	R0.50
Fax	R2.50	R2.50
Call Centre Transactions
Telephone, e-mail, fax or post statements	R7.50	R7.50
Balance enquiries	R5.00	R5.00
External and Internal Beneficiary payments and creation of Recurring Beneficiary Payments	R15.00	First one free, thereafter R15.00
International Transactions
ATM Withdrawal and purchase at Merchant Point of Sale	R30.00	N/A
ATM Withdrawal and Merchant Point of Sale denied: Insufficient funds	R40.00	N/A
ATM Withdrawal and Merchant Point of Sale denied: Incorrect PIN	R20.00	N/A
Balance enquiry	R15.00	N/A
Intermediary fees (as negotiated between intermediary and client)	A once-off fee to a maximum of R200 (including VAT) or a monthly fee of maximum 0.57% (including VAT) per annum	A once-off fee to a maximum of R200 (including VAT) or a monthly fee of maximum 0.57% (including VAT) per annum

*Interest is calculated after taking into account an annual service fee deduction of 0.5%.

**Interest is calculated after taking into account an annual service fee deduction of between 3.5% and 0.5%. The service fee deduction depends on the available balance in the client's account.

Fees will be reviewed on an annual basis and may result in a change in fees. Clients will be notified of any changes in fees that may result in an increase.