Prescribing a better way to take control of your medical expenses

The HealthCard is a Visa Electron Debit Card, issued by Mercantile Bank Limited and can be used to purchase goods and services at any medical service provider who avails of a Point of Sale Terminal facility, i.e. (Credit Card Machine).

Fees

• There’s an annual R 50 administration fee charged to the principal member’s account on the card issue date. A R 50 once off card fee is charged to secondary cards and replacement cards.
• The standard transaction fee and VAT is only charged when the card is used, regardless of transaction amount. There is no additional fee when using a debit card at point of sale.
• Market related bank rate interest is compounded annually and paid monthly on credit balances accumulated in the Healthcard account.
• Compared to other standard savings accounts and credit cards, HealthCard is the most affordable method of saving funds specifically for medical related expenses when the need arises.

• Annual card fee:	R 50 (not applicable to secondary cards)
  Secondary / replacement card fee:	R 50 (once off)
  Credit balance interest:	Market-related, annual, compounded monthly
  Debit interest:	Prime plus 6% per annum
  Point of Sale transaction fee:	R4.50 per transaction
  Statements:	R5 per statement - sent every second month
  False transaction disputes:	R75
  Value Added Tax:	14% on all transactions per month
  Electronic funding:	As per individual internet banking agreement
  ABSA deposit funding:	R5.25 per deposit transaction
  Calls to Help Line:	Normal phone call charge
  Minimum account balance:	R10
  Debit Order return fee:	R40 per unsuccessful debit order