Charles Esther
Pick n Pay continues to bring South Africa’s top banks together under one roof by adding Capitec cash deposit services at its tills.
This addition allows customers to deposit cash, withdraw money, and transfer funds instantly at the checkout, making banking more convenient during their shopping trips.
Largest In-Store Banking Network in South Africa
Already recognized as the retailer with the widest in-store banking presence, Pick n Pay now offers services from over 11 financial institutions across the country.
This growing network lets millions access secure and affordable banking without needing to visit a bank branch separately.
Participating Banks at Pick n Pay
The banks included in this retail banking network are African Bank, Albaraka Bank, Bidvest Bank, Capitec Bank, Discovery Bank, FNB, Grindrod Bank, Nedbank, TymeBank, Sasfin Bank, and Standard Bank.
Customers can conveniently manage their banking transactions right at the checkout without queuing at banks or ATMs.
Seamless and Accessible Banking Experience
Banking transactions at Pick n Pay tills are secure, with deposits reflected in accounts within minutes.
The process is straightforward and requires no app download, special registration, or even a bank account, making it one of the most accessible cashpoint banking solutions in South Africa.
Mobile Division Leads Convenience Drive
Deven Moodley, Executive Head of Pick n Pay’s value-added services and mobile division, states the company is proud to offer the most inclusive retail banking solution in the country.
By merging banking services with retail, Pick n Pay helps customers save time, cut transport costs, and access essential financial services safely and conveniently.
Retail Partnerships Address ATM Decline
As ATM numbers have dropped by over 8,300 in five years due to costs and security issues, banks are partnering with retailers like Pick n Pay to extend their reach more efficiently.
This shift improves customer convenience by offering longer service hours and banking access during routine shopping.
Boosting Financial Inclusion Across Communities
Beyond convenience, this strategy supports financial inclusion and reduces reliance on informal cash systems in communities nationwide.
Pick n Pay offers some of the country’s lowest fees for store-to-store money transfers, available in over 1,400 stores across South Africa.
Fees Associated with Banking at Pick n Pay
While Pick n Pay doesn’t charge additional fees at tillpoints, banks may apply charges.
For example, FNB allows free withdrawals up to R2,000 monthly, after which a R2 fee applies; deposits have a flat fee of R19.95.
Capitec charges R1.40 per R100 deposited, similar to ATM deposit fees.
Transparent Fee Schedule for Major Banks
| Bank | Withdrawal Fee | Deposit Fee |
|---|---|---|
| FNB | R2.00 after R2,000 free | R19.95 flat fee |
| Capitec | R2.00 | R1.40 per R100 |
| Absa | Free | N/A (CashSend only) |
| Nedbank | R2.00 | R2.00 (Boxer stores) |
| Standard Bank | Free | R19.95 flat fee |
How to Use Pick n Pay’s Banking Services
For more details on banking while shopping, customers can visit Pick n Pay’s website at www.pnp.co.za/money-mobile.
Customers are also encouraged to share their experiences via comments or WhatsApp at 060 011 0211.
