The Mail & Guardian's Faranaaz Parker compares the high cost of banking in South Africa to other banks around the world.
Bidvest Bank says its decision to cap fees at R72 a month does not signal a price war with the big four banks in South Africa.
When selecting your account you need to decide what you want from your bank.
Nedbank clients will pay less than they did in 2005, but only if they adopt electronic channels.
Finance Minister Pravin Gordhan said on Tuesday that some of the fees charged by banks must be lowered.