10 Best Cheque Accounts in South Africa 2023

Published by
Lethabo Ntsoane

Are you looking for the best cheque account in South Africa? Look no further! We have researched and compiled a list of the top 10 cheque accounts available in 2023. From low fees to high interest rates, these accounts offer a range of features to suit your individual needs.

Whether you’re a student, a small business owner, or simply looking for a convenient way to manage your finances, you’ll find an option on our list that meets your requirements. In this article, we’ll take an in-depth look at each of the top 10 cheque accounts and provide all the information you need to make an informed decision. So, if you’re ready to find the best cheque account for your financial needs, let’s get started!

Radius Checking’s head financial advisor, Rethabile Sithole, believes that “Low costs, free ATM usage, and excellent customer service are all benefits of having the best check account. It’s much better if you get interest on your account.” It’s not simple to choose a good cheque account, especially in a country where there are so many banks offering a variety of cheque accounts for different consumers.

Rateweb looked various check accounts based on Rethabile’s definition of the best check account. However, we have included the issuing bank’s technological friendliness and overall employee competency. Check accounts for high net worth clients are not included in our top. This is due to the fact that these accounts have a significant edge in terms of customer service, client relationships, and interest.

Here are the top 10 cheque Bank Accounts in South Africa for the year of 2023:

1. FNB Easy account

The FNB Easy Account is a terrific check account to have, and it’s quite efficient because to FNB’s complementary technology offerings. The account is available in two flavors: an easy smart option that charges R59 per month and a pay-as-you-go account that charges R4.95 per month. Transactional billing differs between the two accounts. You can get free card swipes, up to 10 free online transactions, and other cost-cutting features with an Easy smart account. While the Pay-as-you-go option charges you for each transaction, the Pay-as-you-go option does not. Other free options include mobile banking, mini statements, card purchases, and balance inquiries.

2. Standard bank’s Access Account

Standard bank’s Access account is a day-to-day banking account with low monthly fees. This account does not require a source of income, and it is open to anyone. The account has a monthly charge of R5.80. You have access to quick money, prepaid top-ups, and withdrawals till your account is depleted. All of these services are provided without charge. Standard bank mobile offers UCount rewards and R25 airtime or 250mb data for free every month. However, there is no overdraft capacity on this card, which could be due to the account’s lack of a minimum income criterion.

3. Old Mutual Money Account

Old Mutual Money Account is a check and savings account in one. With the Money account, you get both. According to Union Solidarity, a money account charges R40.40 for 12 transactions. In terms of savings, Union Solidarity rates the money account as the eighth best bank account in South Africa. Free swipes, 24/7 access to savings, secure purchases, and online and mobile banking are all included with the card. You only have to pay an R4.95 monthly administrative cost.

4. Discovery bank Gold cheque account

Discovery Gold is one of the best cheque accounts in South Africa, with cheap fees and a long list of advantages. You can join the Vitality Money premium and add a single credit facility if you have a Discovery Gold card. The cost of Vitality Money and the single credit facility is not insignificant. With an R5 and R30 monthly cost, respectively. A monthly cost of R5 is charged for the Discovery Gold account. You’ll also get free perks like local and international point-of-sale swipes, declined transactions, returned debit orders, ATM inquiries, inter-account transfers, and pick-n-pay deposits.

5. Absa transact debit

This cheque account is for persons who earn less than R3000.00 per month or have no income at all. The account is simple and reasonable, and it can suit the banking demands of low-income earners. You can utilize mobile banking or the app to borrow money. You can use the internet to bank, buy prepaid cards, and send money. The account must have a minimum balance of R20.00. The account charge is R4.90 per month. Balance inquiries, card swipes, and SMS or email notifications are all free.

6. Capitec bank Global One account

The Global One account from Capitec Bank is one of the cheapest transactional accounts on our list. For every 12 transactions, Global One costs R13.33 each month. This cheque account is a pay-as-you-go account, which means you’ll be invoiced as you use it. Mobile, internet, and app banking are all available to you. The card may be used to transact online, but it does not use OTP. Instead, it uses a remote pin to do so. You get free withdrawals from the till and purchases made at the point of sale.

7. Nedbank Ke Yona Bundle Account

This cheque account is for clients who want to benefit from a fixed monthly fee. The account comes with unlimited transactions and other added benefits that come for free. You get free usage of the technology that Nedbank offers. You can access the mobile app, mobile and internet banking. The monthly fee on the account is R49.00, which is perfect for someone that uses their account often.

8. TymeBank Everyday Account

This is a no-fee check account that can be used on a daily basis. There is no monthly cost on the account, so whether you use it or not, you will pay R0. You get access to free banking and online shopping. In 5 minutes or less, you can open a Tymebank account. Before you start your application, read our article on TymeBank for more details.

9. Nedbank pay-as-you-use-account

This check account comes with no fees and no charges. There are no yearly fees, card swipes, debit or stop orders, or maintenance expenses. Free perks include access to the Nedbank money app and self-service balance inquiries. This account is open to anybody over the age of 16. Non-residents of South Africa can apply for this account for an extra R35.00 cost.

10. FNB Gold Cheque Bundle

A free 120MB of data, a 60-minute voice bundle, and 60 free SMSs are included with the Gold Check account. Only local calls are eligible for free minutes. Free withdrawals and deposits, access to a savings account, rewards, and a credit option have all been added. The account’s monthly maintenance fee is R109.00 per month. Although the fees for a Gold account are a bit costly, FNB’s services and technology set this account apart from the rest.


It’s fantastic to see that South African banks provide competitive cheque account options. With the advancement of technology, it is no longer possible to overlook the fact that low monthly costs are no longer the main predictor of a good account. Furthermore, with technology present in almost every aspect of banking, bank telephone service must be up to par. You can now choose a check account with more care and become more familiar with modern banking technology.

Lethabo Ntsoane

Lethabo Ntsoane holds a Bachelors Degree in Accounting from the University of South Africa. He is a Financial Product commentator at Rateweb. He is an expect financial product analyst with years of experience in reviewing products and offering commentary. Lethabo majors in financial news, reviews and financial tips. He can be contacted at

Published by
Lethabo Ntsoane

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