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: www.mercantile.co.za
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.