Stop Spending Cash to Spend your Cash

We don't believe in fees that seem to come out of nowhere because we're committed to improving your financial situation and maximising your money.

Account Fees

Monthly account fees
Free
Shared accounts with up to 10 people
Free
Up to 8 Additional Accounts
Free

Getting Paid

EFT-In / Add Money via EFT
Free
Salary Deposit
Free
Paid by another Spot user
Free
Deposit cash at till
R19.95
per deposit
Add money via linked-card
1st free, up to R1000
thereafter, 3% of value.

Spending

Send money to another Spot user
Free
Pay with NFC enabled phone
Free
Buy airtime/ data in the app
Free
Buy prepaid electricity in the app
Free
Pay DSTV account in the app
Free
Pay municipal bill in the app
Free
EFT payment (Pay a beneficiary)
R5
per beneficiary payment
International payments
Free
please note there is a fixed exchange rate at the time of purchase
International money transfers
Dependant on country

Cards

Virtual Card
Free
Physical Card, collect at pick up point
R29
Physical Card, Delivered
R29
Replacement Card
R29

Withdrawals

Local ATM
R6
+ 1.4% of cash withdrawal value
International ATM
R65
At Till, with purchase
R6
+ 0.5% of withdrawal value

Miscellaneous Transactions

Declined transaction
R1.50
Dispute a Transaction
Minimum R55
additional fees may apply
ATM balance enquiry
R5

Spot Me Now, Buy Now Pay Later

Repay Instalment
Free
Default on Instalment Payment (Arrears)
R125
per missed instalment

Limits

Transaction Limits
Per Day
Up to R30 000
50 Transactions
Per Month
Up to R50 000
120 Transactions
Per Year
Up to R600 000
1080 Transactions
Withdrawal Limits
Pay a Beneficiary
Up to R10 000 per month
R3000 per day
ATM
Up to R10 000 per month
R3000 per day
At till with purchase
Dependant on retailer
Physical Card, collect at pick up point
R29

Download Spot & Maximise Your Money

App Store

50K+ downloads

Google Play

100K+ downloads

Spot app is an offering by Spot Money SA (Pty) Ltd (2005/016196/07) in association with Bidvest Bank Ltd (2000/006478/06), an authorised FSP and credit provider.

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