Posted on Saturday, 22nd May 2010 by Emily Smith
Santander revealed that only 5,000 SA Rand (around £450) can be taken in and out of the country in cash, so people will need alternative means of making payments.
Credit cards typically incur a foreign exchange fee of 2.75% and a cash handing charge of around 1.5%, the group said.
This means that for every £2,025 that is withdrawn from ATM machines in South Africa, an additional £86 in fees will be paid.
Nici Audhlam-Gardiner, Director of Banking at Santander, said: “People should be aware that they can save themselves a lot of money if they have a debit card that allows free ATM access and no charges on debit card transactions worldwide.”
England played their last match on home soil before the World Cup against Mexico last night (May 24th).
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Tags: Card, Credit Card
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