Transparent fee structures
We use plain, simple language, because we’re committed to making our fee structures clear and easy to understand.
R380 |
R140 |
|
R190 |
R140 |
|
Free |
R12 |
|
Free |
Free |
|
Free |
R25 |
|
Free |
R90 |
|
Free |
R30 |
Free |
Free |
|
Free |
R185 |
|
Free |
R185 |
|
R2,225 (for the first year) |
R4,450 |
R0 |
R0 |
|
R0 |
R0 |
R165 plus 10% of the limit above R1,000 to a maximum of R1,207.50 |
R165 plus 10% of the limit above R1,000 to a maximum of R1,207.50 |
|
R69 |
R69 |
Free |
Free |
|
R10.50 plus R1.95 per R100 or part thereof |
R10.50 plus R1.95 per R100 or part thereof |
|
First R40,000 free per billing cycle, thereafter R5.25 plus R0.98 per R100 or part thereof. |
R5.25 plus R0.98 per R100 or part thereof |
|
R19.95 per R5,000 or part thereof |
R19.95 per R5,000 or part thereof |
|
Free |
R4.30 |
|
Free |
R6.30 |
|
Free |
R2.30 per R100 or part thereof |
|
R11 plus R2.30 per R100 or part thereof |
R11 plus R2.30 per R100 or part thereof |
|
R75 plus R1.95 per R100 or part thereof |
R75 plus R1.95 per R100 or part thereof |
|
R15 |
R15 |
|
R55 plus R2.30 per R100 or part thereof |
R55 plus R2.30 per R100 or part thereof |
|
Free |
R19 |
|
Free |
R5 |
|
Free |
R8.35 |
|
Free |
Free |
|
Free |
R8.35 |
|
Free |
R19 |
|
Free |
R1 |
|
Free |
R1 |
|
Free |
R20 |
|
R10 |
R10 |
|
R49 |
R49 |
|
R165 |
R165 |
|
R165 |
R165 |
|
Free |
Free |
|
Free |
Free |
|
Free |
Free |
|
Free |
Free |
|
Free |
R15 |
|
Free |
R165 |
|
Free |
R4.30 |
|
Free |
R4.30 |
|
Free |
Free |
|
Free |
R150 |
|
R160 per voucher |
R160 per voucher |
|
R195 per voucher |
R195 per voucher |
|
2% of transaction value |
2% of transaction value |
|
Free |
Free |
|
Free |
Free |
|
Free |
Free |
|
Free |
Free |
|
Free |
R20 |
|
R10 |
R10 |
|
R10 |
R10 |
|
R2 |
R2 |
|
R1.50 |
R1.50 |
|
R1.50 |
R1.50 |
|
R1.50 |
R1.50 |
|
R10 |
R10 |
|
R10 per SMS |
R10 per SMS |
|
R10 |
R10 |
|
R15 |
R15 |
|
R380 |
R380 |
|
Free |
Free |
|
Free |
Free |
|
R10 |
R10 |
|
R10 |
R10 |
|
R8.50 |
R8.50 |
|
R30 |
R30 |
|
R5 |
R5 |
|
R35 |
R35 |
|
R55 |
R55 |
|
R68 |
R68 |
|
R63 |
R63 |
|
R210 |
R210 |
|
R40 (increasing to R70 per item for the fourth and subsequent items within 12 months) |
R40 (increasing to R70 per item for the fourth and subsequent items within 12 months) |
|
R30 |
R30 |
|
R29 |
R29 |
|
R1,272 |
R1,272 |
|
R58 |
R58 |
|
R58 |
R58 |
|
R58 |
R58 |
|
R58 |
R58 |
|
R12 |
R12 |
|
R12 |
R12 |
|
R58 |
R58 |
|
R58 |
R58 |
|
R12 |
R12 |
|
R35 |
R35 |
|
Free |
Free |
|
R35 |
R35 |
|
R10 |
R10 |
R35 |
R35 |
|
Free |
Free |
|
R18 |
R18 |
|
R35 |
R35 |
|
Free |
R10 |
|
R18 |
R18 |
|
R35 |
R35 |
|
Free |
Free |
|
Free |
R10 |
|
R35 |
R35 |
We reserve the right to vary any fee, cost or charge at any time and from time to time after giving reasonable notice.
Notes
1. A billing cycle runs from the fourth-last business day of the month to the fifth-last business day of the following month. Your statement will show the fees for all transactions that you have one in the previous billing cycle. In other words, you are billed one month in arrear.
2. Includes Nedbank Online Banking and Cellphone Banking.
3. These fees apply at all stores where cash withdrawal at a tillpoint is offered, for example the Pick n Pay group, including Score and Boxer.
4. This fee applies to all transactions done through a foreign merchant and is calculated at 2% of the transaction value. For example, if you swipe your card overseas for the rand equivalent of R500, the fee will be R10.
5. For current account products you will automatically be mailed 1 (free) statement per cycle billing. For savings account products you will need to ask for a statement at a fee.
6. Notifications can be sent from other functions, but we will charge a fee for each notification that we send.
7. Facility fees, while prescribed by the National Credit Act, may differ for internal banking segments.
8. For Young Private Clients who are younger than 30 years and have a four-year degree (or NQF 8 equivalent) or above from an institution that is approved by the South African Qualifications Authority. Pricing will change to R380 in the first billing cycle after your 30th birthday.
9. A 50% discount on the American Express Platinum Charge Card annual fee applies to the Private Bundle and Private One only and is valid only for the first year. Thereafter the full fee (R4,450) applies.
10. Send money quickly and securely to any South African cellphone number.
11. If you are 55 or older and have a Private Bundle and Private One, you get a rebate if you keep a total average daily credit balance of R300,000 or more across your savings, investment or money market products:
• Between 55 and 64 years: 30% of monthly maintenance fee.
• Between 65 and 74 years: 40% of monthly maintenance fee.
• 75 years or older: 50% of monthly maintenance fee.
Rebates are credited to qualifying clients’ accounts at the end of every billing cycle. Rebates are limited to 1 Private Bundle account per client per billing cycle.
12. This includes card and contactless payments.
Transparent fee structures
We use plain, simple language, because we’re committed to making our fee structures clear and easy to understand.
Bank digitally and save on fees
Bank whenever, wherever with our digital banking tools that are secure and cheaper than visiting a branch or ATM. Find the channel that fits your lifestyle.
Ask our bank fees specialists
If you have any questions about fees, call the Nedbank Contact Centre where our fees specialists will help you.
Call 0860 555 222
Ombudsman for Banking Services
If you are not happy with our service and have followed our complaint’s procedure but are still not satisfied, you can contact the Ombudsman for Banking Services.
Call 0860 662 837
Visit obbsa.co.za