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
R452 monthly fees
An additional monthly fee of R48 is applicable to non-resident clients.
See banking fees for 2022
Platinum product suite bundle fees
|
|
|
|---|---|
R452 |
|
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 complimentary.
|
|
|
|
|---|---|---|
Monthly statements(2) |
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. We charge a fee for additional statement requests.
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
Transaction |
Fee amount |
|---|---|
R150 |
|
R950 per payment (4) |
|
R750 per payment (4) |
|
R85 |
|
R100 |
|
R70 plus R1.80 per R100 or part thereof |
|
R11 plus R2.10 per R100 or part thereof |
|
R55 plus R2.10 per R100 or part thereof |
|
R10 plus R1.80 per R100 or part thereof |
|
5 free cash deposits per month, thereafter R5 plus R0.90 per R100 or part thereof |
|
R6 plus R2 per R100 or part thereof |
|
R6.30 |
|
R1.50 |
|
R8.50 |
|
R10 |
|
R49 |
|
R8.50 |
|
R9 |
|
R2 |
|
R30 per statement |
|
R30 |
|
R30 |
|
R30 |
|
R380 |
|
R8.60 |
|
R50 |
|
R110 increasing to R145 per item for the fourth and subsequent items within 12 months |
|
R5 |
|
R6.50 |
|
R110 per item |
|
2% |
|
R65 |
|
R2.70 plus Notification fee(6) |
|
R48 |
|
R1.50 |
|
R220 |
|
R10 for values R1 – R1,000 R14 for values R1,001 – R2,500 |
|
R65 |
|
R19 |
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
Card fees |
Nedbank Private Wealth credit card |
|---|---|
Free |
|
Free |
|
Free |
|
Free |
|
R198 |
Transaction fees
Transactions |
Fee amount |
|---|---|
R6.50 |
|
R80 plus R2.20 per R100 |
|
R2.20 per R100 |
|
R10.50 plus R2.20 per R100 |
|
R55 plus R2.20 per R100 |
|
R80 plus R2.20 per R100 |
|
R1.20 per R100 |
|
R65 |
|
R15 |
|
R8.50 |
|
R4.30 |
|
R8.35 |
|
R150 per transaction |
|
R100 |
|
R1.15 |
|
R1.15 |
|
R15 |
|
R90 |
|
Up to R410 |
|
R160 |
|
R195 |
|
2% |
|
R130 |
|
R430 |
|
R8.60 |
|
R2.70 |
|
R155 |
Notes
1. The Nedbank Private Wealth Garage Card is 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) dual Cheque and Credit Card off the same account.
3. Any existing clients with a World Mastercard are being migrated or regraded to the Visa Infinite product.
4. The American Express Gold Card is maintained for existing Cardholders only.
5. The Priority Pass Card is a benefit for those clients who have previously received an American Express Platinum card.
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, where 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). Get free access for the cardholder and one guest at the LoungeKey lounges (local Bidvest or international LoungeKey lounges) with the Visa Infinite card – just mention LoungeKey to access the benefit. Cards must be active and accounts in good standing.
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 us or the Government, purchases or travellers cheques, or other negotiable instruments, garage card transactions, budget account instalments, and interest thereon, insurance premiums and internet transfers or payments.
12. You earn double Greenbacks (2 GB for every R5 spend) rewards points 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. We charge a currency conversion fee for all foreign or cross-border transactions.
14. Overnight card replacement is available in South Africa only.
15. We do the payment or transfer on instruction and on your behalf.
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 Card Pricing Schedule.
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.
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.
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
