R468 monthly fees

An additional monthly fee of R50 is applicable to non-resident clients.
 
 

Bundle offering includes: 

  • A current account
  • Nedbank Private Wealth Visa Infinite Cheque Card
  • Nedbank Private Wealth American Express dual Credit and Cheque Card
  • All monthly fees on the cards and any supplementary cards

Platinum product suite bundle fees

R468

R69

R165 plus 10% of limit value more than R1,000 with a maximum of R1,207.50

1% of limit value (minimum R165 and no maximum) 

R185

The transactions and services listed in this block are free

Monthly statements(1)

e-Note subscription

Cheque card replacement fee

Self-service subscription

Certain digital transactions

Unlimited international lounge visits 

Nedbank Greenbacks Rewards membership 

Free travel insurance

Nedbank Greenbacks SHOP Card 

Unlimited domestic lounge visits at Bidvest Lounges 


Notes

1. Additional statement requests attract a fee.

2. We charge a lower fee for transactions processed on the Nedbank Private Wealth app or Online Banking.

3. We charge a currency conversion fee for all foreign or cross-border transactions. 

Transactional fees

R165

R950 per payment (4)

R750 per payment (4)

R85

R165

R75 plus R1.95 per R100 or part thereof 

R11 plus R2.30 per R100 or part thereof 

R55 plus R2.30 per R100 or part thereof 

R10.50 plus R1.95 per R100 or part thereof 

5 free cash deposits per month, thereafter R5.25 plus R0.98 per R100 or part thereof 

R6.30 

R19.95 per R5,000 or part thereof

R1.50

R10

R10

R49

R1.50

R10

R10

R2

R35 per statement 

R35

R35

R30

R380

R8.60

R55

R40 increasing to R70 per item for the fourth and subsequent items within 12 months 

R5

R35 

R6.50

2%

R1.50 plus notification fee(6)

R10 for R1 – R1,000 

R15 for R1,001 – R5,000 

R68


Notes

4. Transactions processed on the Nedbank Private Wealth app or Online Banking do not attract a fee.

5. We charge a currency conversion fee for all foreign or cross-border transactions. 

6. Email notification - R1.15; Fax notification - R15; SMS notification - R1.15. 

 

Credit card fees 

Clients on a Bundle option receive their Nedbank Private Wealth credit cards inclusive of the bundle of products.(1, 2, 3)
 
 

Free services on all Nedbank Private Wealth cards:

  • Card purchases
  • Transactional SMSs
  • Online Banking subscription
  • Balance enquiries at Nedbank ATM and self-service terminals
  • Standard card replacement fee
  • Card issue and delivery (branch or courier deliveries to Nedbank Private Wealth clients for all Nedbank-issued cards(8,9)   
  • Card deliveries for lost/stolen (emergency) cards 

 

 

Important Information - Bundle clients who previously had the inclusive Nedbank Private Wealth American Express® Platinum Card: 

  • This product is unbundled effective 1 January 2021 when pay-as-you-use fees apply. 

Nedbank Private Wealth Visa Infinite card benefits: 

  • Free unlimited domestic and international lounge visits (Bidvest and LoungeKey) (10).
  • Free travel insurance.
  • Free Nedbank Greenbacks points on eligible spend(11,12) and SHOP card to access earned rewards points as cash.
  • Free purchase protection.
  • Free extended warranty. 

 

 
 
 

Important Information - Existing clients with World MasterCard cheque and/or credit cards:

  • Migration/regrade to the new Nedbank Private Wealth Visa Infinite products will be completed by 31 December 2020. 

Bundled credit card fees

Free

Free

Free

Free

R198

Transaction fees

R6.50

R80 plus R2.30 per R100

R2.30 per R100

R11 plus R2.30 per R100

R55 plus R2.30 per R100

R80 plus R2.30 per R100

R1.30 per R100

R20

R10 

R10

R2

R35

R0

R8.35 

R165 per transaction 

R160

R1

R1

R20

R40

Up to R410

R160

R195

2%

R450

R10 

R1.50 

R155 



Notes

1.   The bundle credit card is available only to clients with a Nedbank Private Wealth Bundle Current Account. The American Express Platinum Card and Nedbank Private Wealth Garage Card are not included in the bundle offering. Stand-alone card fees apply. 

2.  The Visa Infinite card is issued with a complimentary Nedbank Private Wealth American Express (Greenbacks) Card linked to the same account or limit. 

3.  Any existing clients with a World Mastercard are being migrated to the Visa Infinite product.

4.  The American Express Gold Card is maintained for existing cardholders only.

5. The American Express Platinum Card will be revitalised during 2022 with updated benefits. New pricing and information will be communicated prior to changes. The Priority Pass Card for airport lounge access is issued on request to the main card holder (American Express Platinum Cards only).

6. The fee relates to the monthly administration and maintenance of the value-added services on the account (including preferential interest rates, free card delivery and, if applicable, free basic travel insurance, free lounge visits and other benefits).

7.  The fee relates to the monthly routine administration and maintenance of the credit facility, costs associated with providing the up to 55 days’ interest-free credit facility, as well as the cost of capital associated with providing the credit facility.

8.  Standard delivery times apply.

9.  For international delivery, charges apply unless it’s for lost or stolen emergency cards.

10.  Access the Bidvest lounges with any of the Nedbank Private Wealth cards (cardholder). Free access for cardholder and 1 guest at the LoungeKey lounges (local Bidvest or international LoungeKey lounges) on presentation of the Visa Infinite cards and mention of your LoungeKey benefit. Cards must be in an active status and accounts in good standing. Lounge guest charges apply for second guest and more per guest.

11.  Eligible spend is all spend (local or international purchases), excluding cash withdrawals, casino chip purchases, finance or other card charges, fees or taxes levied by Nedbank or the Government, purchases or travellers cheques, or other negotiable instruments, fuel transactions, budget account instalments, and interest thereon, insurance premiums and internet transfers or payments.

12.  Double Greenbacks (2 GB for every R5 spend) are earned only on the Nedbank Private Wealth American Express (Greenbacks) Credit or Cheque card. Standard earning rates apply to other Nedbank Private Wealth card products. Terms and conditions apply. 

13.  A currency conversion fee will apply to all foreign or cross-border transactions.

14.  If applicable, and available only in South Africa, overnight card replacement.

15.  Payment or transfer effected by Nedbank on instruction and on behalf of the client.

16.  You may be charged at our discretion.

17.  Finance charges as defined in card terms and conditions will be levied on cash advances or withdrawals, electronic transfers, foreign exchange, casino chip and fuel purchases. 

 

Additional card fees may apply. Please refer to the 2022 banking fees. 

All fees include VAT at 15%.

We reserve the right to vary any fee, cost or charge at any time and from time to time after giving reasonable notice.

Transparent fee structures

We use plain, simple language, because we’re committed to making our fee structures clear and easy to understand.

See fee terms

Bank digitally and save on fees

Bank whenever, wherever with our digital banking tools that are secure and cheaper than visiting a branch or ATM. Find the channel that fits your lifestyle.

Learn more

Ask our bank fees specialists

If you have questions about fees, call the Nedbank Private Wealth Service Suite, where our fees specialists will help you.  

Call 0860 111 263.

Ombudsman for Banking Services

If you are not happy with our service and have followed our complaint’s procedure but are still not satisfied, you can contact the Ombudsman for Banking Services.

Call 0860 662 837

Visit obbsa.co.za