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