Nedbank Ke Yona Bundle Account Review 2024

Published by
Parddon Khumalo

The Nedbank Ke Yona Bundle Account is a comprehensive banking solution that caters to your financial needs. With features like free card swipes and internal debit orders, managing your finances is hassle-free. Plus you get to enjoy benefits such as free cash withdrawals and deposits at Nedbank ATMs, along with R2,000 funeral cover for added peace of mind.

This account offers convenience with free transactions, including electronic payments and balance inquiries. It also includes your first 10 Nedbank transactions in the monthly fee, making banking cost-effective.

The account covers external debit orders and provides free cash withdrawals at participating retailers. With up to R3,000 in free cash withdrawals and deposits each month, you have the flexibility to manage your finances efficiently.

Nedbank Ke Yona Bundle Account features and functions


The Nedbank Ke Yona Bundle Account offers several key features and functions to enhance your banking experience. Firstly, you’ll benefit from free transactions such as card swipes, internal debit orders, and cash withdrawals at select retailers’ point-of-sale devices. These free transactions make managing your day-to-day finances more convenient and cost-effective.

Additionally, the account includes your first 10 Nedbank transactions in the monthly fee, covering external debit orders, electronic payments, and balance inquiries. This feature adds value by reducing potential transaction costs for essential banking activities. Furthermore, you’ll have access to free cash services, including withdrawals and deposits of up to R3,000 at Nedbank ATMs per month.

Moreover, the account provides R2,000 funeral cover for added peace of mind. It’s worth noting that there is a monthly maintenance fee of R80, which covers access to these features and services.

Nedbank Ke Yona Bundle Account Fees

Type of TransactionFee
Digital Transaction Fees
ATM/CardR1,65 per R100 or part thereof Nedbank (7)
BranchR100 + R2,65 per R100 or part thereof Boxer Stores’ point-of-sale devices (1)
Cash Deposit Fees
NedbankR100 + R2,65 per R100 or part thereof
Cash Withdrawal Fees
Participating RetailersFree
NedbankR2,65 per R100 or part thereof ATM of another bank
ATM of Another BankR12 + R2,65 per R100 or part thereof ATM of an international bank (3)
ATM of an International BankR65 + R2,65 per R100 or part thereof
Third-Party Payment Fees
Transfer between Own Nedbank AccountsFree
To Another Bank AccountR2,20 – R200
Instant Payment up to R3 000R10
Instant Payment over R3 000R49
Pay to Cellphone Number (R1 to R5 000)R10
PayShap: Pay to ShapIDR1 (Payments below R100 are free)
PayShap: Pay to AccountR7,50
Debit and Stop Orders
Debit Order (Internal)Free
Debit Order (External)R13
Stop OrderR13
Stop-Payment FeeR5 – R75
Card Transaction Fees
Debit Card SwipeFree
Garage Card SwipeR3,50
Prepaid Purchase Fees
Prepaid Top-up (Data, Airtime, Electricity)R1,50
Prepaid Top-up at ATM of Another BankR10
LOTTO PurchaseR2
Notification Fees
eNote SMS NotificationsFree
Notification of Payment on Nedbank Online Banking/Nedbank Money App SMSR0,50
EmailR0,50
FaxR25
No-Funds AlertR10 per SMS
Balance Enquiry Fees
NedbankFree
ATM of Another BankR10
ATM of an International BankR10
Point-of-Sale DevicesR2
Transaction Lists
Per Billing CycleFree
1 Free per Billing Cycle, ThereafterR11
R45 per Page
Statement Fees
Per Statement (Latest) 3 MonthsFree
Per Statement Older than 3 MonthsR11
R45R45
Tax Certificates
Current Tax YearFree
Previous Tax YearsR11
R45R45
Declined Transaction Fees
Due to Insufficient MoneyFree
Point-of-Sale DevicesR8,50
ATM of Another BankR10
Unpaid Debit OrderR30 per Item
Disputed Debit Order Fee
NedbankR5 – R35
Card Fees
Annual Debit Card Service FeeFree
Card Replacement FeeR150
Card Replacement at Self-Service KioskR100
Instant Issue Card Fee in BranchR150
Face-to-Face Card DeliveryR170
Garage Card Service FeeR185 per Year
Optional Fees
Greenbacks Subscription FeeR30 per Month
Overdraft Facility FeeR69 per Month
Request for Copy of Transaction Voucher (Local and International)R150 per Voucher

Competitive Advantages

  • Free transactions, including card swipes, internal debit orders, and cash withdrawals at participating retailers’ point-of-sale devices.
  • First 10 Nedbank transactions included in the monthly fee, covering external debit orders, electronic payments, and balance inquiries.
  • Free cash withdrawals and deposits of up to R3,000 at Nedbank ATMs per month, offering convenience and savings.

Competitive Disadvantages

  • Limited free withdrawals to Nedbank ATMs, with fees for withdrawals from other banks or international ATMs.
  • Transaction fees for specific services like third-party payments, instant payments over R3,000, and debit card replacements.
  • Optional fees for services such as Greenbacks subscription and overdraft facilities, adding to account costs.

Conclusion

Nedbank Ke Yona Bundle Account presents a compelling option for individuals seeking a cost-effective and convenient banking solution. With its array of free transactions, included services, and benefits such as free cash withdrawals and deposits at Nedbank ATMs, this account offers significant value to account holders.

However, it’s essential to consider the potential limitations, such as fees for non-Nedbank ATM withdrawals and optional services, to make an informed decision based on individual banking needs. Overall, the Nedbank Ke Yona Bundle Account stands out as a competitive choice in the banking landscape, providing a balance of savings and services for customers.

Join Our Newsletter
Subscribe to our newsletter and stay updated.

Sponsored

Start trading with a free $30 bonus

Unleash your trading potential with XM—your gateway to the electric world of financial markets! Get a staggering $30 trading bonus right off the bat, with no deposit required. Dive into a sea of opportunities with access to over 1000 instruments on the most cutting-edge XM platforms. Trade with zest, at your own pace, anytime, anywhere. Don't wait, your trading journey begins now! Click here to ignite your trading spirit!

Parddon Khumalo