Vat Increase


Vat Increase

18 May 2018

Dear Valued Client,

As you would have heard; on the 21st of February, our Finance Minister announced an increase in VAT from 14% to 15%, effective from 1 April 2018.

Mercantile Bank is required to implement this change as our services are subject to VAT, therefore your banking fees will be adjusted from 1 April 2018.

The new Pricing Guide will be available on the Mercantile Bank website:

Should you have any queries, please visit your nearest Mercantile Bank Business Centre or call us on 086 030 9250.

Thank you for your ongoing support and partnership.