Savvy Electronic Account
Account description
The Savvy Electronic Account offers convenient banking for those who prefer to use the internet, phone, ATM’s and self-service terminals, with the complete range of current account features. You can bank when you want, where you want for a fixed fee of just R69 a month, and because of its innovative paperless offering, it’s kinder to the environment. And because you care enough to bank without paper, your account will be linked to our Green Affinity Programme – at no extra cost to you.
Fee structure:
| Transaction | Fee amount |
| Annual service fees | |
| Classic cheque card | Free. |
| Monthly fees | |
| Monthly maintenance fee | R69,00. |
| Overdraft facility fee | R5,50 for limits of R1 to R5 000. |
| Self-service banking subscription fee 1 | Free. |
| Deposits | |
| Cash (over the counter or at Nedbank ATM) 3 | First deposit R10,00, thereafter R10,00 plus R1,15 per R100 or part thereof. |
| Cheque (over the counter or at Nedbank ATM) | Free. |
| Cash withdrawals | |
| Over the counter | R31,00 plus R1,10 per R100 or part thereof. |
| Nedbank ATM | Four free per month, thereafter R3,50 plus R1,00 per R100 or part thereof. |
| Another bank's ATM | R19,00 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 3 | R28,00. |
| Bank's own cheque | R50,00. |
| Electronic interaccount transfer 2 | Free. |
| Electronic account payment 2 | Free. |
| Stop order processing | Free. |
| Debit order - internal | Free. |
| Debit order - external | Free. |
| Cheque card purchase | Free. |
| Balance enquiries | |
| Over the counter3 | R10,00. |
| Nedbank ATM | Free. |
| Another bank's ATM | R4,00. |
| Nedbank self-service banking terminal | Free. |
| Statement enquiries | |
| Over the counter | R10,00. |
| Nedbank ATM | Free. |
| Nedbank self-service banking terminal | Free. |
| 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.
- A R10,00 premium is levied for branch and paper-based transactions, with a portion contributed to The Green Trust.
