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 Transaction | Fee |
|---|---|
| Digital Transaction Fees | |
| ATM/Card | R1,65 per R100 or part thereof Nedbank (7) |
| Branch | R100 + R2,65 per R100 or part thereof Boxer Stores’ point-of-sale devices (1) |
| Cash Deposit Fees | |
| Nedbank | R100 + R2,65 per R100 or part thereof |
| Cash Withdrawal Fees | |
| Participating Retailers | Free |
| Nedbank | R2,65 per R100 or part thereof ATM of another bank |
| ATM of Another Bank | R12 + R2,65 per R100 or part thereof ATM of an international bank (3) |
| ATM of an International Bank | R65 + R2,65 per R100 or part thereof |
| Third-Party Payment Fees | |
| Transfer between Own Nedbank Accounts | Free |
| To Another Bank Account | R2,20 – R200 |
| Instant Payment up to R3 000 | R10 |
| Instant Payment over R3 000 | R49 |
| Pay to Cellphone Number (R1 to R5 000) | R10 |
| PayShap: Pay to ShapID | R1 (Payments below R100 are free) |
| PayShap: Pay to Account | R7,50 |
| Debit and Stop Orders | |
| Debit Order (Internal) | Free |
| Debit Order (External) | R13 |
| Stop Order | R13 |
| Stop-Payment Fee | R5 – R75 |
| Card Transaction Fees | |
| Debit Card Swipe | Free |
| Garage Card Swipe | R3,50 |
| Prepaid Purchase Fees | |
| Prepaid Top-up (Data, Airtime, Electricity) | R1,50 |
| Prepaid Top-up at ATM of Another Bank | R10 |
| LOTTO Purchase | R2 |
| Notification Fees | |
| eNote SMS Notifications | Free |
| Notification of Payment on Nedbank Online Banking/Nedbank Money App SMS | R0,50 |
| R0,50 | |
| Fax | R25 |
| No-Funds Alert | R10 per SMS |
| Balance Enquiry Fees | |
| Nedbank | Free |
| ATM of Another Bank | R10 |
| ATM of an International Bank | R10 |
| Point-of-Sale Devices | R2 |
| Transaction Lists | |
| Per Billing Cycle | Free |
| 1 Free per Billing Cycle, Thereafter | R11 |
| R45 per Page | |
| Statement Fees | |
| Per Statement (Latest) 3 Months | Free |
| Per Statement Older than 3 Months | R11 |
| R45 | R45 |
| Tax Certificates | |
| Current Tax Year | Free |
| Previous Tax Years | R11 |
| R45 | R45 |
| Declined Transaction Fees | |
| Due to Insufficient Money | Free |
| Point-of-Sale Devices | R8,50 |
| ATM of Another Bank | R10 |
| Unpaid Debit Order | R30 per Item |
| Disputed Debit Order Fee | |
| Nedbank | R5 – R35 |
| Card Fees | |
| Annual Debit Card Service Fee | Free |
| Card Replacement Fee | R150 |
| Card Replacement at Self-Service Kiosk | R100 |
| Instant Issue Card Fee in Branch | R150 |
| Face-to-Face Card Delivery | R170 |
| Garage Card Service Fee | R185 per Year |
| Optional Fees | |
| Greenbacks Subscription Fee | R30 per Month |
| Overdraft Facility Fee | R69 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.
