Mzansi Account - Basic banking
Account description
This account is ideal if you’re looking for a safe alternative to carrying cash and want an affordable bank account that provides instant access to your money, as and when you need it. It offers you the freedom to pay only for what you use while you save and earn interest at the same time.
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 R6,00. |
| Cheque (over the counter/at Nedbank ATM) | Free. |
| Cash withdrawals | |
| Over the counter | R11,00. |
| Nedbank ATM | R4,75. |
| Another bank's ATM | R4,75. |
| Tillpoint - cash only | R2,25. |
| Tillpoint - cash with purchase | R4,50. |
| Account payments and purchases | |
| Bank's own cheque | R12,00. |
| Electronic interaccount transfer 2 | R1,40. |
| Electronic account payment 2 | R2,60. |
| Stop order processing | R2,60. |
| Debit order - internal | R1,40. |
| Debit order - external | R2,60. |
| Visa Electron/Maestro debit card purchase | R2,25. |
| Balance enquiries | |
| Over the counter | Free. |
| Nedbank ATM | First free per month, thereafter R1,20. |
| Another bank's ATM | R1,20. |
| Nedbank self-service terminal | Free. |
| Statement enquiries | |
| Over the counter | First free per month, thereafter R2,60. |
| Nedbank ATM | First free per month, thereafter R2,40. |
| Nedbank self-service terminal | First free per month, thereafter R3,30. |
| Internet banking - statement up to five years | Free. |
| Other fees | |
| Transaction in excess of monthly limit | Free. |
| Dishonoured payment | First free per month, thereafter R10,00 per item. |
| Stop-payment instruction | R12,00. |
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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 and cellphone banking (WAP). Cellphone banking (SMS) and telephone banking: self-service are free.
