Nedbank Savvy Bundle bank account review 2023

Nedbank Savvy Bundle bank account

The Nedbank Savvy Bundle Platinum Account is a cheque account that provides transactional value as well as other benefits. There is no fee for a credit card or an overdraft facility with this account. Those who have a credit card and an overdraft facility save hundreds of rands per month.

The Nedbank Savvy Bundle Account also offers account holders free membership in the Greenbacks rewards program. Account holders can receive rewards and discounts on a regular basis through the Greenbacks rewards program.

Account holders who use the Nedbank Savvy cheque card receive 50% off on regular 2D and 3D NuMetro movie tickets. When using the Nedbank Savvy cheque account, you can also get a 50% discount on a medium soda and popcorn combo.

The Nedbank Savvy Bundle Account offers great deals to account holders and includes travel benefits. The Nedbank Savvy Bundle Account is covered in greater detail further down.

Nedbank Savvy Bundle Platinum Account Summary 

The Nedbank Savvy Bundle Account is a cheque account that requires a minimum income of R3,000.00 per month before tax to open. The account has a monthly account fee of R220.00. Non-resident clients pay an additional R50.00 per month for their monthly account fee.

With bundled transactions and more, the Nedbank Savvy Bundle Account offers good value for money. The account accepts up to R4,000.00 in free deposits per month. 4 additional free Nedbank ATM withdrawals and free cash withdrawals at participating retailers’ point-of-sale devices.

The Savvy Bundle Account includes a free Greenbacks membership. In addition, the account offers free inter-account transfers, stop orders, SMS alerts, and debit orders. Account holders can add an overdraft facility for free with the Nedbank Savvy Bundle Account or a Nedbank credit card.

The Nedbank Savvy Bundle Account includes a number of travel benefits that are redeemable. Those who enjoy traveling receive:

  • 12 domestic lounge visits per year, 
  • Full travel insurance with the optional top-up cover, 
  • Travel discounts through Nedbank travel, 
  • Extra savings on the Greenbacks travel portal, and 
  • Hertz and Avis discounts with Greenbacks. 

Nedbank Savvy Bundle Account holders receive the following discounts and rewards through the Greenbacks rewards program: discounts when shopping on Avo by Nedbank; Greenbacks points for those who opted into Card Swiper; and withdrawing Greenbacks as cash at a Nedbank ATM using the Greenbacks Shop card.

Nedbank Savvy Bundle Platinum account fees 2023

Fee description Amount 
Monthly account feeR220.00
Nedbank ATM cash depositR1.30 per R100.00 
Nedbank branch cash depositR80.00 + R2.30 per R100.00 
Cash deposit at participating retailers’ point-of-sale devicesR19.95 per R5,000.00 
Nedbank ATM cash withdrawal R2.30 per R100.00 
Nedbank branch cash withdrawalR80.00 + R2.30 per R100.00 
Withdrawals at participating retailers’ point of sale device Free
Cash withdrawal at other banks’ ATM R11.00 + R2.30 per R100.00 
Cash withdrawal at an international bankR55.00 + R2.30 per R100.00 
Instant payment up to R3,000.00 R10.00 
Instant payment over R3,000.00 R49.00
Payment and transfer to another bank at a branchR165.00
Branch payment and transfer to another Nedbank account R165.00
Stop order feeFree
Internal debit order feeFree
External debit order feeFree
Cheque card swipes Free
Balance enquiry at a Nedbank ATM R10.00
Balance enquiry at a Nedbank branch R35.00 per page
Bank statement at an ATM1 free per billing cycle, thereafter R10.00
Bank statement at a branch R35.00
Card replacement feeR150.00
Local transaction voucher copy requestR150.00 per voucher
International transaction voucher copy requestR150.00 per voucher
Decline due to Insufficient funds at Nedbank ATMFree

Advantages of the Nedbank Savvy Bundle Account 

  • The account comes with free services such as a free overdraft facility on the account. 
  • The monthly service fee is low and provides savings for clients that have a credit card, Greenbacks membership, and an overdraft facility. 
  • There are travel benefits that can be enjoyed at no additional cost. 
  • There is no monthly fee for a credit card facility. 
  • The account only requires a minimum income of R3,000.00 to open which is low for a platinum account. 

Disadvantages of the Nedbank Savvy Bundle Account 

  • Account holders that don’t have an overdraft facility and a credit card may find the monthly fee high. 
  • There are no free withdrawals for the whole month, therefore, withdrawals are charged per transaction. 

Requirements of the Nedbank Savvy Bundle Platinum Account 

  • Must be at least 18 years or older at the time of application. 
  • Have a valid South African ID book or Smart card or a passport and a work permit if you are a foreign national. 
  • Must earn at least R3,000.00 per month before tax and have a healthy credit score. 
  • Proof of income such as your recent payslips or stamped 3 months bank statement. 
  • Proof of residence that is not older than 3 months at the time of application. 

Conclusion 

The Nedbank Savvy Bundle Account provides excellent monthly value due to the account’s free added services. When compared to other platinum accounts in South Africa, the account has free transactions and a low monthly fee. The Nedbank Savvy Bundle Account provides a great way to begin banking with a low-cost account for those who have just begun banking or are newly employed.

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