Nedbank 2018 Fees
Banks are just like other businesses – they charge a fee for their services called a ‘bank charge’ or ‘service fee.’ However, every bank has their own way of doing business and will charge different rates depending on the type of account you have and how and when you take money out.
But, how much could you be spending on bank costs this year? South Africa’s big five have unveiled their fees for 2018, pricing everything from ATM withdrawals to cash deposits to Personal Loan service fees. Below is a snapshot of the costs of common transactions associated with the most basic packages for different banks. For more information on pricing and charges on a range of account types, please consult the banks’ full fees structures, which can be found in the links provided.
This entry level and affordable bank account will meet all your transactional needs, even if you earn less than R3 000 per month or is unemployed.
| Monthly administration fee | R4.95 |
| Cash withdrawal – Absa ATM | R6.00 |
| Cash withdrawal – Absa supported ATM | R6.00 |
| Cash withdrawal – Point of Sale | R1.30 |
| Cash deposit – branch counter | R8.00 + R2.00/R100 |
| Cash Deposit – Absa ATM | R4.50 + R1.40/R100 |
| Funds transfers – Absa ATM, Online, Mobile, Telephone | Free |
| Funds transfers – Branch counter | R60.00 |
| Prepaid Top-up – Absa ATM, Point of Sale, Online, Mobile, Telephone | R1.50 |
| Immediate interbank payments – Online, Mobile, Telephone (IVR) | R60.00 |
| Internal and external debit orders | Free for internal and R3.75 for external |
| Stop order | Free |
| Balance enquiry – Absa ATM/Absa-supported ATM/Point of Sale | Free |
| Absa ATM mini statement | R7.00 |
| Branch counter full statement | R28.00 |
| Debit/Cheque card replacement fee | R140.00 |
| Declined fee (insufficient funds) – Absa ATM | Free |
| Saswitch/POS/Absa-supported ATM/Overseas ATM/Post Office | R6.00 |