Bank Accounts - Nedbank Optimum Current Account

Nedbank Optimum Current Account


Nedbank Optimum Current Account

The Nedbank Optimum Current Account is best suited for adults aged 55+ looking for financial…



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Nedbank Optimum Current Account

The Nedbank Optimum Current Account is best suited for adults aged 55+ looking for financial peace of mind with the flexibility to pay for the transactions they make. It is a pay as you use current account with reduced service fees and selected free transactions. It makes your money work harder for you and you earn higher preferential rates on your investment.

The Nedbank Optimum Current Account offers you a gold or classic cheque card for purchases and drawing cash which is safe and convenient. It also offers a personalized chequebook and a garage card to fill up your car and help pay for vehicle-related expenses. It provides access to an overdraft facility and the option to sign up for a Nedbank Affinity, which allows you to support a cause close to your heart. Every time you buy something with your affinity card, Nedbank will donate a fixed amount to the affinity of your choice on your behalf, at no cost to you.

Furthermore, you get free access to Personal Money Manager, an online budgeting tool for internet banking users that allows you to track your income, expenditure and fees on your account.

Added benefits of the Nedbank Optimum Current account include monthly account maintenance, Unlimited cheque deposits at Nedbank branches and ATMs. Unlimited inter-account transfers and third-party payments via self-service banking channels (Nedbank cellphone, telephone and internet banking).


Nedbank contact details:

Address: 135 Rivonia Rd,
Sandown, Sandton, 2196

Tel: 011 294 4444
Email: [email protected]

Account Details

Monthly Fee 0.00
Account Type Standard Fee
Monthly transactions included Unlimited
Interest 0%

Qualifying Criteria

Age Requirement 55
Minimum Monthly Salary 0.00
Minimum Monthly Balance R10,000.00
Minimum Opening Deposit R10,000.00


Cheque Deposit Branch R0.00
Cheque Deposit ATM R0.00
Cash Deposit Branch R0.00
Cash Deposit ATM R3.00 plus R0.64/R100.00 thereafter

Cash Withdrawals

Branch counter R3.00 plus R0.64/R100.00 thereafter
Own Bank ATM 4 Free, 3.50 plus R1.28/R100.00 thereafter
Other Bank ATM R10.00 plus R1.28/R100.00 thereafter
Point Of Sale/Till R0.00
Overseas ATM R35.00 plus R1.28/R100.00 thereafter


POS (Point Of Sale) - local R0.00
POS - Overseas 2% of purchase amount
Prepaid R0.00

Account Payments

ATM R0.00
Branch Counter R45.00
Internet R0.00
Cellphone R0.00
Telephone Advisor R18.00

Debit Orders

Internal Debit Orders R0.00
External Debit Orders R0.00
Stop Orders R0.00

Fund Transfer

ATM R0.00
Branch Counter R0.00
Internet R0.00
Cellphone R0.00
Phone Advisor R10.00

Balance Enquiries

ATM R4.00
At Other Bank ATM R0.00
Branch counter R4.00
POS R4.00
Overseas ATM/POS R4.00
Internet, Cellphone R0.00
Telephone Advisor R4.00


Branch 1 Free, R18.00 thereafter
ATM R0.00

Administration Fees

Bank cheque/marked cheque R50.00
Stop payments R44.00
Stop order R0.00
Special clearance R80.00
Debit Card replacement R80.00
Cheque Card replacement R80.00
New Cheque Card R80.00

Other Fees

Overdraft ledger R20.00
Dishonoured / returned payment R90.00 (Increasing to R125.00 per item for the 4th and subsequent items within 12 months.)
Notice of payment R1.00 | R0.70 | R5.00

Added Benefits

If you are 55 or older, the Optimum Account offers you a host of FREE and discounted transactions when you maintain a balance of R10,000.00 or more in a Nedbank JustSave Account or fixed-deposit or notice deposit account.

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