Premium banking comes at a cost, and in return you have every right as a premium client to expect value for money. At Nedbank, we’re passionate about helping you maintain optimum financial management, which is why we’ve created various banking accounts to fit a range of budgets.

However, it can be tricky to navigate the maze of account options offered by different banks. When you’re checking account fees, for example, it’s also crucial to check which transactions and services are included in those fees for free. If you choose a Nedbank MiGoals Premium Account, you’ll gain the most affordable access to all the premium banking services you need in South Africa.

MiGoals Premium is the most cost-effective account for 2024

That’s not just a matter of opinion. The latest Bank Charges Report by the Solidarity Research Institute (SRI) found that the MiGoals Premium Account is the most affordable option for clients in this market segment in 2024. The report compares pricing at South Africa’s top banks over various user profiles, to give banking clients an overview of the transactional account options available.

SRI economic researcher Theuns du Buisson says, ‘Nedbank has greatly simplified its fee structure, and the layout of its page is now also easy to understand.’

The MiGoals Premium Account is the perfect example of how ‘pricey’ can in fact save you money in the long term, and how ‘cheaper’ might actually cost you more – because ironically, it has the highest monthly fee of all the accounts reviewed. Yet even though the account costs around R10 more than its nearest competitor, the MiGoals Premium Account fee gives access to a huge range of free transactions and services that would cost you an additional fee on a competitor’s ‘cheaper’ account.

This is why we recommend that you always read the fine print and compare like with like before you commit to a premium bank account. A lower account fee doesn’t work out cheaper if you’re charged an extra fee every time you buy electricity, send money, or schedule a payment.

Benefits of a MiGoals Premium Account

The MiGoals Premium Account is where affordability meets unparalleled benefits. Those benefits include the following:
 

• Competitive rates and fees
  For just R240 per month, enjoy exclusive perks such as free Greenbacks membership, in-app and SMS notifications, and free debit orders, stop orders, and transfers between accounts.
  
  
  
• Free savings pocket
  Your MiGoals Premium Account will give you access to free MyPocket savings accounts, offering competitive interest rates.

• Flexibility
  If you take up a credit card or an overdraft facility, you will not pay monthly maintenance fees on them, which provides financial flexibility when you need it most. You also get up to R5,000 in ATM cash withdrawals, among a range of free transactions.

• Convenience and control at your fingertips
  You can use the Money app to make unlimited electronic payments, manage cards, buy prepaid services, receive digital statements and tax certificates, get in-app notifications, and view and redeem your Greenbacks. You’ll also enjoy unlimited free cash withdrawals at participating stores.

• Rewards
  Benefit from 50% off Nu Metro movie tickets and selected refreshments, earn Greenbacks on qualifying spending, withdraw Greenbacks as cash at any Nedbank ATM, and access exclusive discounts through Avo SuperShop.

• Travel benefits
  Travel with the peace of mind of full travel insurance and optional top-up cover. Unlock exclusive savings on travel and car hire through your Greenbacks membership.

• Flight discounts
  Enjoy up to 30% off flights with selected airlines.

• Complimentary airport lounge visits
  Enjoy 12 domestic airport lounge visits per year, adding comfort and convenience to your travels.

• Spousal benefits
  Extend the benefits to your spouse with a 50% discount on their monthly maintenance fee when they join your Nedbank Family Banking group.

• Superior security
  Rest easy with free real-time SMS alerts or in-app notifications, 24/7 access to an anti-fraud hotline, and seamless management of your account’s security features through the Money app, Online Banking or our 24/7 contact centre.

Learn more and open a MiGoals Premium Account.