Branch Everyday banking
Choose a cheaper channel ATM/card
Save on bank fees
CASH
WITHDRAWALS
Participating retailer point-of-sale Unlimited
BANK-ONE ATM
R2,00 per R100,00
BANK-ONE Branch
Cheque encashment
R50 + R2,00 per R100,00
R50,00 + R2,00 per R100
in addition to cheque
services fees
Another bank's ATM
R8,00 + R2,00 per
R100,00
R50,00 + R2,00 per
R100,00
International ATM
Use the information on the pricing guide to answer the following questions:
(2)
1.5.1 Why do banks charge transaction fees?
1.5.2 Calculate the transaction fees that Mocha will be charged for withdrawing
R600,00 at BANK-ONE ATM.
(2)
1.5.3 Use the fee structure in Table 2 to show how the bank withdrawal fee of
R150,00 was calculated when a withdrawal of R5000,00 was done at the the
branch. (Just for info - the fee was reflected in the bank statement in table 1
on 20/05/2019).
(2)
1.5.4 Mocha was charged a transaction fee of R186,00 for a cash withdrawal from
a current account at own branch. Calculate the amount that was withdrawn.
(
4)
1.6
Mocha bought a Samsung smartphone worth R7 980 online from South Korea.
The exchange rate on that date is W1 = R0.012, where is the Korean Won.​