R380 per month for Private Bundle and Private One

R190 per month for Private Bundle | Young and Private One | Young

 

See Private Bundle and Private | Pay-as-you-use pricing for 2022
See Private One pricing for 2022
 
 
 

Monthly fees

R380

R140

R190

R140

Free

R12

Free

Free

Free

R25

Free

R90

Free

R30

Annual fees

Free

Free

Free

R185

Free

R185

R2,225 (for the first year)

R4,450

Minimum opening deposit and monthly balance

R0

R0

R0

R0

Overdraft fees

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

Transaction fees

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

Statements and transaction lists

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.

See fee terms

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.

Learn more

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