NedSave Account
Account description
The NedSave Account is a savings vehicle for people aged 18 years or younger. It can be used to save pocket money, monetary gifts from friends and family, and even earnings from a part-time job. By opening a NedSave Account you are taking the first step towards financial responsibility and independence.
Fee structure:
| Transaction | Fee amount |
| Monthly fees | |
| Monthly maintenance | Free. |
| Self-service banking subscription 1 | Free. |
| Deposits | |
| Cash (over the counter/at Nedbank ATM) | First free per month, thereafter R1,15 per R100 or part thereof. |
| Cheque (over the counter/at Nedbank ATM) | Free. |
| Cash withdrawals | |
| Over the counter | Free. |
| Nedbank ATM | Free. |
| Another bank's ATM | R5,50 plus R1,00 per R100 or part thereof. |
| Tillpoint - cash only | R2,25. |
| Tillpoint - cash with purchase | R4,50. |
| Account payments and purchases | |
| Bank's own cheque | Free. |
| Electronic interaccount transfer 2 | Free. |
| Electronic account payment 2 | Free. |
| Stop order processing | Free. |
| Debit order - internal | Free. |
| Debit order - external | Free. |
| Visa Electron/Maestro debit card purchase | R2,25. |
| Balance enquiries | |
| Over the counter | First free per month, thereafter R2,20. |
| Nedbank ATM | Free. |
| Another bank's ATM | R3,60. |
| Nedbank self-service terminal | Free. |
| Statement enquiries | |
| Over the counter | First free per month, thereafter R8,00. |
| Nedbank ATM | Free. |
| Nedbank self-service terminal | First free per month, thereafter R3,30. |
| Internet banking - statement up to five years | Free. |
| Other fees | |
| Dishonoured payment | R55,00 per item (Increasing to R80,00 per item for the fourth and subsequent items within 12 months). |
| Stop-payment instruction | Free. |
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Notes
- Includes NetBank internet banking, cellphone banking (WAP), cellphone banking (SMS) and telephone banking.
- Includes transfers and payments from self-service terminals, NetBank internet banking, cellphone banking (WAP), cellphone banking (SMS) and telephone banking: self-service.
