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Optimum Current Account

Account description

With the Optimum Current Account your money works harder for you. If you’re between 55 and 69 years of age, this account is for you. This pay-as-you- use account offers you a host of free transactions while you maintain a balance of R10 000 or more in a Nedbank fixed-deposit, notice deposit or JustSave Account.

Fee structure:

Transaction Fee amount for balances of R10 000 or more in a Nedbank fixed- deposit or notice deposit account or JustSave account
Annual service fees  
Classic cheque card R130,00.
Monthly fees  
Monthly maintenance Free.
Overdraft facility

R5,50 for limits of R1 to R5 000.
R11,00 for limits of R5 001 to R10 000.
R16,50 for limits of R10 001 or more.

Self-service banking subscription 1 Free.
Deposits  
Cash (over the counter/at Nedbank ATM) R0,58 per R100 or part thereof.
Cheque (over the counter/at Nedbank ATM) Free.
Cash withdrawals  
Over the counter

Four free per month, thereafter R21,00 plus R1,10 per R100 or part thereof.

Nedbank ATM R1,00 per R100 or part thereof.
Another bank's ATM R5,50 plus R1,00 per R100 or part thereof.
Tillpoint - cash only R3,65.
Tillpoint - cash with purchase R3,65.
Account payments and purchases  
Cheque payment Free.
Bank's own cheque R40,00.
Electronic interaccount transfer2 Free.
Electronic account payment2 Free.
Stop order processing Free.
Debit order - internal Free.
Debit order - external Free.
Cheque card purchase Free.
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 R8,80.
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 R80,00 per item.
Honouring R80,00 per item.
Stop-payment instruction R33,00.

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Notes

  1. Includes NetBank internet banking and cellphone banking (WAP). Cellphone banking (SMS), telephone banking: self-service and telephone banking: agent-assisted are free.
  2. Includes transfers and payments from self-service terminals, NetBank internet banking, cellphone banking (WAP), cellphone banking (SMS) and telephone banking: self-service.

 

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Nedbank Ltd Reg No 1951/000009/06. We subscribe to the Code of Banking Practice of The Banking Association South Africa and, for unresolved disputes, support resolution through the Ombudsman for Banking Services. We are an authorised financial services provider. We are a registered credit provider in terms of the National Credit Act (NCR Reg No NCRCP16).

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