Hi Salome, you can pay with your Capitec Global One card wherever you see the Mastercard® sign. There are no purchase or currency conversion fees on international transactions or cash withdrawals.
Does Capitec do foreign exchange?
We offer specialised exchange control services through our business bank, such as receiving proceeds for exports. Please e-mail Capitec Forex on FXQueries.capitec@mercantile.co.za to setup a trading account for you to make international payments. A consultant will contact you within 48 hours.
What are the fees for exchanging currency?
A currency conversion fee is typically 1% of the purchase price. It is levied by the credit card payment processor (usually Visa, MasterCard, or American Express) or ATM network and often passed on to you as part of the foreign transaction fee.
Which bank is best for foreign exchange in South Africa?
Provider in South Africa. FNB has been awarded as the Best Foreign Exchange Provider in South Africa for the sixth year in a row in the annual World's Best Foreign Exchange Provider awards hosted by the Global Finance Magazine.