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Rates and Fees  
 
 

Private Bank Current Account

Account description

The Nedbank Private Bank Current Account is a pay-as-you-use current account for individuals who earn more than R400 000 per annum and who require the prestige and personalised service of a private banking relationship.

Fee structure:

Transaction Fee amount
Annual service fees  
Cheque card R130,00.
Monthly fees  
Minimum monthly service fee R75,00.
Overdraft facility R20,00 for limits of R1 to R5 000.
R30,00 for limits of R5 001 to R10 000.
R50,00 for limits of R10 001 or more.
Self-service banking subscription 1 R15,00.
Deposits  
Cash (over the counter/at Nedbank ATM) R1,15 per R100 or part thereof.
Cheque (over the counter/at Nedbank ATM) Free.
Cash withdrawals  
Over the counter R21,00 plus R1,10 per R100 or part thereof.
Nedbank ATM R3,50 plus R1,00 per R100 or part thereof.
Another bank's ATM R9,00 plus R1,00 per R100 or part thereof.
Tillpoint - cash only R3,65.
Tillpoint - cash with purchase R5,50.
Account payments and purchases  
Cheque payment R10,00 for values of R1 to R499.
R18,00 for values of R500 to R1 499.
R28,00 for values above R1 500.
Bank's own cheque R40,00.
Electronic interaccount transfer 2 R3,50.
Electronic account payment 2 R7,00.
Stop order processing R11,00.
Debit order - internal R5,25.
Debit order - external R10,75.
Cheque card purchase R3,65.
Balance enquiries  
Over the counter First free per month, thereafter R2,20.
Nedbank ATM First free per month, thereafter R1,20.
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 First free per month, thereafter R3,30.
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, cellphone banking (WAP), cellphone banking (SMS) and telephone banking.
  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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