The Nedbank 4me account is aimed at kids up to the age of 18 to store…
The Nedbank 4me account is aimed at kids up to the age of 18 to store their spending money. It is designed for kids to make transactions and save money at market related interest rates. This transactional accounts allows access immediately and is a perfect way to teach your children to start saving and build their financial future.
Nedbank 4Me Account Features and benefits:
The Nedbank 4me account has no monthly maintenance fee and interest rates that are generally higher than normal savings accounts. It includes a Maestro or Visa debit card that can be used wherever the logo is displayed. They can withdraw cash at an ATM (Two free cash withdrawals from any Nedbank ATM per month) or selected till points such as Pick n Pay and Boxers stores. There are also no subscription fees for self service banking and free access to the Nedbank App Suite. Furthermore, by using the card, Nedbank will donate to a charity of their choice at no cost to them.
Nedbank contact details:
Address: 135 Rivonia Rd,
Sandown, Sandton, 2196
Tel: 011 294 4444
Email: [email protected]
Website: www.nedbank.co.za
Monthly Fee | 0.00 |
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Account Type | Standard Fee |
Monthly transactions included | Limited |
Interest | 0% |
Age Requirement | 0-15 |
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Minimum Monthly Salary | 0.00 |
Minimum Monthly Balance | R10.00 |
Minimum Opening Deposit | R10.00 |
Cheque Deposit Branch | R10.00 |
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Cheque Deposit ATM | R10.00 |
Cash Deposit Branch | First R500.00 free, R6,00 plus R1.28/R100.00 thereafter |
Cash Deposit ATM | First R500.00 free, R6,00 plus R1.28/R100.00 thereafter |
Branch counter | R30.00 + R1.28/R100,00 thereafter |
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Own Bank ATM | 4 Free, R3.50 plus R1.28/R100.00 thereafter |
Other Bank ATM | R6.50 plus R1.28/R100.00 thereafter |
Point Of Sale/Till | R0.00 |
Overseas ATM | R35.00 plus R1.28/100.00 thereafter |
POS (Point Of Sale) - local | R0.00 |
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POS - Overseas | 2% of the purchase value |
Prepaid | R0.00 |
ATM | R6.00 |
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Branch Counter | R45.00 |
Internet | R6.00 |
Cellphone | R0.00 |
Telephone Advisor | R18.00 |
Internal Debit Orders | %.00 |
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External Debit Orders | R10.00 |
Stop Orders | R10.00 |
ATM | R0.00 |
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Branch Counter | R10.00 |
Internet | R0.00 |
Cellphone | R0.00 |
Phone Advisor | R10.00 |
ATM | R0.00 |
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At Other Bank ATM | R5.00 |
Branch counter | R4.00 |
POS | R1.50 |
Overseas ATM/POS | R4.00 |
Internet, Cellphone | R0.00 |
Telephone Advisor | R4.00 |
Branch | 1 Free, R18.00 thereafter |
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ATM | R0.00 |
Bank cheque/marked cheque | NA |
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Stop payments | R44.00 |
Stop order | R10.00 |
Special clearance | R80.00 |
Debit Card replacement | 40.00 |
Cheque Card replacement | 40.00 |
New Cheque Card | R0.00 |
Overdraft ledger | NA |
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Dishonoured / returned payment | R65.00 (Increasing to R90.00 per item for the fourth and subsequent items within 12 months) |
Notice of payment | R1.00 | R0.70 | R5.00 |
FREE MasterCard Debit Card, Unlimited access to Nedbank’s self-service channels, eNote - unlimited SMS notifications, Unlimited Swipes & Withdrawal at tillpoint