Important news about ATM rules in South Africa. The South African Reserve Bank has announced new rules for taking out money from ATMs. These changes will start on October 15 2025. The main goal is to stop fraud and make digital banking better. The new rules will affect how much money you can take out and how you use your bank card. Every bank customer in South Africa needs to know about these updates. The changes will help banks keep better track of money and make banking safer. This update will affect all the big banks in the country. We’ll explain the new limits and rules so you know what to expect when using ATMs next year.
Why Are New Banking Regulations Changing from October 15?
Banks are changing their rules about taking out money. The government wants people to use more digital payments instead of cash. There has been more ATM fraud lately and too many people are keeping cash at home. This is why banks need to make new rules. The changes will start on October 15 2025. These new limits will affect how much money you can get from ATMs debit cards credit cards and bank tellers. The rules are meant to keep money safer and make banking better for everyone.
| Bank Name | Daily ATM Limit (Old) | New Daily ATM Limit | Weekly Cap | Branch Withdrawal Limit | Notes |
|---|---|---|---|---|---|
| FNB | R5,000 | R3,500 | R15,000 | R10,000 | Only 3 ATM withdrawals per day |
| Standard Bank | R6,000 | R4,000 | R18,000 | R12,000 | Teller ID required above R5,000 |
| Absa | R4,500 | R3,000 | R12,000 | R9,000 | OTP for ATM withdrawal > R2,500 |
| Nedbank | R5,500 | R3,500 | R14,000 | R10,000 | Charges revised |
| Capitec | R5,000 | R2,500 | R10,000 | R7,500 | No free withdrawals on Sunday |
| TymeBank | R3,000 | R2,000 | R8,000 | R6,000 | Limits only on card, not account |
| Postbank | R2,500 | R1,500 | R6,000 | R5,000 | Mainly for SASSA cards |
Read Also : Caregivers R560 SASSA Grant-In-Aid October 2025 – Payment Calendar & Who Qualifies
Effect of Withdrawal Rules on Debit and Credit Card Holders
Bank cards will have new rules starting soon. You’ll notice changes when taking out cash or paying at stores. The limits will be different based on your card and bank. Here’s what’s changing:
If you have a debit card you can take out less money each day. You’ll also get fewer free ATM visits every week.
– Credit card users will pay more interest when they get cash after October 15.
– The banks are adding new safety limits on how much you can spend in stores.
– If you share a bank account with someone else your spending limits will count for both people together.
– These new rules will affect most bank customers. Make sure to check with your bank about your specific limits.
What These Cash Limit Changes Mean for Pensioners and Social Grant Recipients
The new rules will affect elderly people and SASSA grant holders the most. Postbank and SASSA have made stricter rules to stop people from stealing money or taking out too much. The main changes are pretty basic.
– You can only take out R1500
– per day from ATMs and you’re limited to two ATM visits daily.
– Everyone needs to use their fingerprint or get a special code on their phone to prove it’s really them.
– If you want to get money inside a bank you can’t take more than R5,000 in one week.
These rules are meant to keep people’s money safe but they might take some getting used to.
Read Also :New SASSA Late-2025 Payment Calendar – Revised Grant Regulations and Full Payout Schedule
Steps to Prepare Before the New ATM Withdrawal Restrictions Begin
Time is running out and bank users need to get ready for changes at ATMs. You should take these steps now:
– First make sure your bank has your latest phone number and email. This helps you get important updates.
– Next you should download your bank’s app or set up online banking. It’s safer than carrying cash. Try to use less cash in your daily life.
– Tap your card to pay at stores or scan QR codes instead.
– If you need to take out large amounts of cash talk to your local bank branch first.
You can pay without cash using these methods: –
– Phone payment apps
– Bank apps
– Direct bank transfers
– Tap-to-pay cards
– QR code payments
These options make life easier and you won’t need to visit ATMs so often. Start using them now to avoid problems later.
