How much is Capitec immediate payment?

Capitec’s immediate payment service enables customers to transfer funds to beneficiaries at other banks in real-time. This feature is particularly beneficial for those who need to send money quickly, whether it’s for emergencies, settling bills, or assisting family and friends.

Cost of Immediate Payments

As of February 2024, the fee for making an immediate payment through Capitec is R6.50 per transaction. This competitive rate ensures that users can send money without incurring hefty charges, making Capitec an attractive option for banking in South Africa.

Key Features of Immediate Payments:

  • Transaction Fee: R6.50 per transaction
  • Daily Limit: A maximum of R100,000 can be transferred daily using immediate payments.
  • Beneficiary Restrictions: Currently, immediate payments are not available for Capitec-registered beneficiaries. This means you can only send funds to beneficiaries at other banks.

How to Make Immediate Payments Using Capitec

Capitec offers two primary ways to make immediate payments: through the Capitec Mobile App and via Internet Banking. Here’s a step-by-step guide for each method:

Using the Capitec Mobile App

  1. Tap on “Transact.”
  2. Select “Payments.”
  3. Choose the beneficiary you want to pay.
  4. Enter the payment details (amount, reference, etc.).
  5. Select “Immediate payment.”
  6. Confirm the payment by entering your secret Remote PIN.

Using Internet Banking

  1. Log in to your Capitec Internet banking account.
  2. Go to the payments menu.
  3. Choose or create a beneficiary you wish to pay.
  4. Select “Pay the selected beneficiary.”
  5. Enter the payment details.
  6. Choose “Pay this amount immediately.”

Why Choose Capitec for Immediate Payments?

Capitec’s commitment to transparency in fees ensures that customers are always aware of what they are paying. Unlike many traditional banks, which often have complex fee structures, Capitec maintains a straightforward approach. Additionally, users benefit from:

  • Low fees: At just R6.50 per transaction, it’s a cost-effective option for urgent payments.
  • User-friendly interface: Both the mobile app and internet banking platforms are designed for ease of use, making it simple to execute immediate payments.
  • Secure transactions: Capitec employs robust security measures to protect customer data and funds.

Conclusion

Capitec’s immediate payment service is a valuable feature for anyone needing to send money quickly and efficiently. With a low transaction fee of R6.50 and a daily limit of R100,000, it stands out as a convenient and affordable option in South Africa’s banking landscape. Whether you’re using the app or internet banking, making an immediate payment is quick and easy.

Overview of Public Universities in South Africa

Here's an overview of some public universities in South Africa, including general admissions requirements and estimated application periods. Keep in mind, specific program requirements and dates can vary significantly, so it's important to check each university's official website for the most current information.

University of Pretoria

  • Admissions Requirements: National Senior Certificate with minimum scores in specific subjects related to the chosen program; for international students, equivalent qualifications.
  • Application Period: Usually opens in March and closes at the end of July for most programs.

University of Cape Town

  • Admissions Requirements: National Senior Certificate with pass levels required for degree study; subject-specific requirements depending on the program.
  • Application Period: Application opens in April and closes at the end of July.

Stellenbosch University

  • Admissions Requirements: National Senior Certificate with required marks; some programs have additional testing.
  • Application Period: Opens in March and typically closes at the end of June.

University of the Witwatersrand

  • Admissions Requirements: Matriculation certificate with university exemption; required scores vary by faculty.
  • Application Period: Begins in March and ends on the 30th of September.

University of Johannesburg

  • Admissions Requirements: Matric exemption with a minimum APS score; specific subject requirements based on the faculty.
  • Application Period: Opens in April and generally closes by the 30th of September.

University of the Free State

  • Admissions Requirements: National Senior Certificate with specific marks for the program applied to; additional requirements for certain courses.
  • Application Period: Typically opens in April and closes at the end of August.

University of Venda

  • Admissions Requirements: Completion of the National Senior Certificate with an endorsement for diploma or degree studies; specific APS scores needed.
  • Application Period: Usually from May to September.

University of Fort Hare

  • Admissions Requirements: National Senior Certificate with university exemption; certain programs may have specific requirements.
  • Application Period: Opens around May and closes at the end of September.

University of the Western Cape

  • Admissions Requirements: National Senior Certificate with specific performance levels; additional requirements for certain programs.
  • Application Period: Generally from May to September.

North-West University

  • Admissions Requirements: National Senior Certificate with university exemption; program-specific requirements may apply.
  • Application Period: Opens in March and usually closes by the end of August.

Rhodes University

  • Admissions Requirements: National Senior Certificate or equivalent; minimum academic performance in certain subjects.
  • Application Period: Applications open in April and close at the end of September.

Nelson Mandela University

  • Admissions Requirements: National Senior Certificate with required scores for chosen programs; portfolio or additional tests for some faculties.
  • Application Period: Opens in April, with a deadline at the end of August for most programs.

Cape Peninsula University of Technology

  • Admissions Requirements: National Senior Certificate with specific scores; additional requirements for certain courses.
  • Application Period: Opens in May and typically closes by the end of September.

University of Limpopo

  • Admissions Requirements: Senior Certificate with endorsement for diploma or degree courses; specific APS scores for different programs.
  • Application Period: From April to September.

University of Zululand

  • Admissions Requirements: National Senior Certificate with an endorsement for bachelor’s degree studies; specific score requirements for various programs.
  • Application Period: Usually between April and November.

Central University of Technology

  • Admissions Requirements: National Senior Certificate with specific scores for the chosen field of study; additional criteria for certain programs.
  • Application Period: Application period generally starts in May and ends in October.

Vaal University of Technology

  • Admissions Requirements: National Senior Certificate with a pass that qualifies for admission to bachelor’s degree, diploma, or higher certificate programs.
  • Application Period: Typically from May to September.

Walter Sisulu University

  • Admissions Requirements: National Senior Certificate with required scores for chosen programs; additional criteria for certain faculties.
  • Application Period: From April to September.

This list provides a starting point for understanding the admissions landscape across South Africa's diverse higher education institutions. Given the variability in programs and requirements, it's crucial to consult each university's website for the most accurate and up-to-date information.