# The Financial Sector Conduct Authority is set to investigate bank charges amid growing public concern over high fees. The watchdog’s probe will examine whether banks are engaging in anti-competitive practices or overcharging customers for basic services. This follows previous scrutiny of PayShap transaction fees and calls from members of Parliament for greater transparency in banking costs. The investigation aims to ensure fair pricing and protect consumers from potential exploitation. Further details on the scope and timeline of the probe are expected soon.
Financial watchdog launches probe into SA’s bank charges