Guides
Banking
Fees, access and keeping business money off a personal card.
A bank fee that looks small can dominate the interest on a small balance. Price a normal month.
Business and personal money should not share an account once the business is real.
How to use this section
Read the guide, then open the comparison or calculator it links to. If a comparison has no live figures, that is deliberate. Unverified rates are not published.
Guides in this section
How banking works in South Africa
A bank takes deposits and makes payments. A brand, a payments app and a registered bank are not always the same firm. Reviewed 29 October 2026.
Read guideEFTs, debit orders and PayShap
An EFT is a payment you send. A debit order is a pull you authorised. PayShap is an instant payment rail. They fail in different ways. Reviewed 29 October 2026.
Read guideOpening a bank account, FICA and switching banks
A bank must identify you before it opens an account. Switching is mostly a list of debit orders, not a single form that moves your whole life. Reviewed 29 October 2026.
Read guide
Calculators and comparisons
Questions readers ask
Is this advice?
No. It is general information for South African readers. Personal recommendations belong with an authorised financial services provider.
Sources
Page updated 28 October 2026. A source date is the day WiT Money checked that page, not a promise the institution has not changed it since.
- Financial Sector Conduct Authority
Financial Sector Conduct Authority · checked 28 October 2026
- National Credit Regulator
National Credit Regulator · checked 28 October 2026