What is cash withdrawal fee?

Withdrawing cash from an ATM belonging to a different bank, such as FNB, Standard Bank, ABSA, or Capitec, often incurs a fee. This charge is referred to as a cash withdrawal fee and can be considered more costly than utilizing one's own bank's ATM.

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Visiting a Nedbank branch to withdraw cash over the counter can also result in a fee being levied. This fee applies specifically to withdrawing cash directly from a teller at any Nedbank location.

For individuals traveling abroad, using an international ATM can also attract a cash withdrawal fee. This fee may vary depending on the bank and the country where the ATM is located.

To avoid unnecessary charges, it is advisable to plan cash withdrawals carefully and consider utilizing one's own bank's ATM or services whenever possible.