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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

  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 and cellphone banking (WAP). Cellphone banking (SMS) and telephone banking: self-service are free.

 

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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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