Transaction power on the accounts is what sets the two variants apart. The Business Bundle 60 account comes with more transacting power giving account holders 25 more transactions than the Business Bundle 35.
Bundled transactions on the business bundle account include ATM withdrawals, EFTs, debit orders, and point of sale swipes. Out of bundle charges do apply when the transactions are exhausted and will be billed as stated in the fees table.
Account-holders can apply for credit such as a credit card facility or an overdraft facility for business. Credit cards come with 55 days of interest-free credit and have some travel benefits that one can take advantage of.
Add-on services include having access to a dedicated relationship banker whose main purpose is to assist you with your business needs and other personal banking needs that you may have. The dedicated relationship banker is supported by a group of specialists to make sure that you and your business are guided accordingly.
Nedbank Business Bundle Account is a cheque account for small businesses and startups that haven’t undergone or don’t anticipate business rescue proceedings. The account comes in two options namely the Nedbank Business Bundle 35 Account and the Nedbank Business Bundle 60 account.
Business Bundle 35 charges a monthly fee of R259.00 whereas Business Bundle 60 charges a monthly fee of R420.00. What makes the two accounts differ is the number of transactions that each account option offers. The Business Bundle 35 Account has up to 35 free electronic debit transactions and the Business Bundle 60 account has up to 60 electronic debit transactions.
Another added Bundle benefit is the number of cash withdrawals that each account option offers. The Business Bundle 35 has up to 5 withdrawals that can be made at a Nedbank ATM and the Business Bundle 60 account allows up to 10 free cash withdrawals at any Nedbank ATM per month.
The overdraft facility fee on the account is billed at R69.00 per month with a garage cheque card charging R220.00 per annum. Greenbacks linkage comes for free for all options.
|Fee Description||Business Bundle 35||Business Bundle 60|
|Monthly account maintenance fee||R259.00||R420.00|
|Monthly overdraft facility fee||R69.00||R69.00|
|Cheque card service fee||Free||Free|
|Greenbacks linkage fee||Free||Free|
|Inter Account transfer fee||Free||Free|
In bundle electronic debit transactions
|Point of sale merchant service fee||15% discount (purchased or rented||20% discount (purchase or rented)|
|Nedbank Accounting fee||15% discount on basic package||20% discount on basic package|
|Dedicated relationship banker||Free||Free|
|Self-service banking subscription fee||Free||Free|
|Nedbank payroll lite subscription||Free for the first 5 payslips per month||Free for the first 10 payslips per month|
|Stop Order fee||R24.90||R24.90|
|Internal debit order fee||R10.60||R10.60|
|External debit order fee||R24.90||R24.90|
|Nedbank ATM cash withdrawals||R11.00 + R2.10 per R100.00 or part thereof||R11.00 + R2.10 per R100.00 or part thereof|
|Point of Sale transactions||R11.00||R11.00|
|Garage cheque card annual fee||R220.00|
|Cash deposit at a Nedbank ATM or branch||R7.50 plus R1.80 per R100.00 or part thereof||R7.50 plus R1.80 per R100.00 or part thereof|
|Cash deposit at a Nedbank intelligent depositor ATM||R3.75 plus R0.90 per R100.00 or part thereof||R3.75 plus R0.90 per R100.00 or part thereof|
|Cash withdrawal at another bank’s ATM||R11.00 plus R2.10 per R100.00 or part thereof||R11.00 plus R2.10 per R100.00 or part thereof|
|Cash withdrawal at a participating retailer’s till point||R4.30||R4.30|
The Nedbank Business Bundle Account comes with two account options to choose from, giving clients an opportunity to choose an account that resonates with their transacting needs.