Don’t have your Nedbank ID yet?
Nedbank ID single sign-on gives you full digital access to Nedbank’s banking and lifestyle products and services on the Money app or Online Banking.
Log in
Log in to Online Banking or another one of our secured services.
Get in touch
Find us
- Login & Register
- Online Banking
- Online Share Trading
- NetBank Business
- NedFleet
- Nedbank Greenbacks
- Nedgroup Investments
- Nedbank ID
- Bank
- Accounts
- Credit cards
- Digital banking
- Switch to Nedbank
- Fraud awareness
- Forex
- Greenbacks
- Explore Bank
- Accounts
- Everyday banking
- Kids accounts
- Youth banking
- Seniors accounts
- Private Clients
- Private Wealth
- Digital wallet
- See all accounts
- Premium banking
- Get help choosing
- Goal saving
- Family Banking
- Refugees and asylum seekers
- FAQ
- How-to guides
- Discontinued accounts
- Everyday banking
- MiGoals Premium
- MiGoals Plus
- MiGoals
- Kids accounts
- MiGoals4Kids
- Youth banking
- MiGoals Premium
- MiGoals
- MiGoals Plus
- Seniors accounts
- MiGoals Premium Senior
- MiGoals Plus
- Private Clients
- Pay-as-you-use
- Young Professionals
- Private Bundle and Private One
- Private Wealth
- Private Wealth Bundle
- Digital wallet
- MobiMoney
- American Express
- Amex Gold
- Amex Platinum
- Digital banking
- Switch to Nedbank
- Fraud awareness
- Forex
- Greenbacks
- Exclusive discounts
- FAQ
- How-to guides
- Save & Invest
- Accounts
- Investment services
- Share trading
- Explore Save & Invest
- In 24 hours
- JustInvest
- PlatinumInvest
- Tax-free Savings
- MoneyTrader
- EasyAccess Fixed Deposit
- PrimeSelect
- In 32 days
- Electronic 32Day Notice
- 32Day Notice
- End of term
- Tax-free Fixed Deposit
- Electronic Fixed Deposit
- Electronic Optimum Plus
- Platinum Fixed Deposit
- Fixed Deposit
- OptimumPlus
- Investment services
- Share trading
- Borrow
- Personal loans
- Home loans
- Student loans
- Overdrafts
- Vehicle finance
- Solar finance
- Debt assistance
- Explore Borrow
- Personal loans
- Loan consolidation
- Secondhand car loan
- Home improvement loan
- Exclusive short-term loan offers
- Explore loans
- FAQ
- How to guides
- Loan consolidation
- Secondhand car loan
- Home improvement loan
- Exclusive short-term loan offers
- Home loans
- Building loan
- Switching home loan
- Repossessed properties
- Start your home buying journey
- Solar-energy Finance
- Earn R32,000 p/m or less? See offer
- HomeVision extra funds
- Home-buying Toolkit
- Managing your home loan
- Explore home loans
- FAQ
- How to guides
- Track application
- Building loan
- Switching home loan
- Repossessed properties
- Start your home buying journey
- Solar-energy Finance
- Earn R32,000 p/m or less? See offer
- HomeVision extra funds
- Home-buying Toolkit
- Managing your home loan
- Student loans
- Explore student loans
- Overdrafts
- Vehicle finance
- Solar finance
- Debt assistance
- Consolidate all your debts into a simple loan | Nedbank
- Short-term payment relief | Nedbank
- Take charge and restructure your finances | Nedbank
- Assisted-sales solutions for homes and vehicles | Nedbank
- Flexible payment plans for loans and credit | Nedbank
- Understanding how repo rate works | Nedbank
- Consolidate all your debts into a simple loan | Nedbank
- Short-term payment relief | Nedbank
- Take charge and restructure your finances | Nedbank
- Assisted-sales solutions for homes and vehicles | Nedbank
- Flexible payment plans for loans and credit | Nedbank
- Understanding how repo rate works | Nedbank
- Insure
- Life cover
- Funeral cover
- Short term insurance
- Credit Life
- Travel insurance
- Business cover
- Secure investments
- Explore Insure
- Life cover
- Get a call back
- Explore MyCover life
- Funeral cover
- Individual R10,000
- Individual R30,000
- Family Cover
- Build your own cover
- Get a call back
- Explore MyCover Funeral
- Individual R10,000
- Individual R30,000
- Family Cover
- Build your own cover
- Short term insurance
- Vehicle insurance
- Building insurance
- House contents insurance
- Valuables insurance
- Valuables insurance
- Get a call back
- Explore MyCover short term insurance
- Vehicle insurance
- Building insurance
- House contents insurance
- Valuables insurance
- Valuables insurance
- Credit Life
- Home loan credit life
- MFC Vehicle Finance Assurance
- Overdraft Assurance
- Balance Protection Plan
- Personal loan Assurance
- Get a call back
- Explore credit life
- Home loan credit life
- MFC Vehicle Finance Assurance
- Overdraft Assurance
- Balance Protection Plan
- Personal loan Assurance
- Travel insurance
- Business cover
- Secure investments
- Guaranteed Growth Income Plan
- Guaranteed Growth Plan
- Get a call back
- Explore MyCover Funeral
- Guaranteed Growth Income Plan
- Guaranteed Growth Plan
- Plan
- Financial planning
- Estate, wills & trust services
- Nedbank Private Wealth
- Speak to a financial adviser
- Explore Plan
- Financial planning
- Investment planning
- Insurance planning
- Give
- Retirement planning
- Investment planning
- Insurance planning
- Give
- Retirement planning
- Estate, wills & trust services
- Will drafting
- Ensure your estate is managed by an executor | Nedbank
- Trust services
- Financial accounting
- Tax services
- Leave the admin of your estate to us, and not to your loved ones | Nedbank
- Will drafting
- Ensure your estate is managed by an executor | Nedbank
- Trust services
- Financial accounting
- Tax services
- Leave the admin of your estate to us, and not to your loved ones | Nedbank
- Nedbank Private Wealth
- Speak to a financial adviser
- Learn
- Blog
- Explore Learn
- Blog
- Contact us
- Talk to us
- Find us
- Explore Contact us
- Talk to us
- Find us
How to choose the right bank account
Find the right account using smart tools that filter out what you don’t need.
It’s all very well for experts to advise that you get a bank account that ‘suits your needs’, but what exactly does that mean? How do you know what features you need in a bank account, and which accounts offer them? One solution is to browse all the features and benefits offered on various bank accounts and see if you’ll find them all useful enough to be worth the account fees. If you don’t need certain features, you may be able to find an account that doesn’t include them and costs less.
But that can be a time-consuming exercise. For your digital banking convenience, we have search filters on our banking page to save you time when comparing account features and costs. You have a variety of filtering options when choosing a Nedbank account.
Use the search filters to select accounts by age, income, benefits and fees
Even if you have no idea what features to look for in a bank account, you know how old you are and how much you earn. Type these numbers into the appropriate ‘Search’ spaces on the bank accounts page, and you’ll be shown accounts that you qualify for. You can separate these accounts further by clicking on More benefits or Less fees.
The intuitive guide removes all the accounts that don’t fit your circumstances. Even if you don't have a permanent source of income, you’ll be shown bank accounts that you don’t need to have a monthly salary to open – like our zero-fee Pay-as-you-use Account, the MobiMoney digital wallet and the Nedbank4Me Account (the last one available exclusively to under-16s).
Find accounts by personal priorities
One of the reasons there are so many accounts to choose from is that your preferences and priorities are unique – just like every other Nedbank client. Unfortunately, more options can add to your confusion.
To simplify the process, our guide to bank accounts arranges several options according to 5 categories: account benefits, lowest monthly fees, lowest transaction fees, accounts for under-25s and private wealth accounts.
Select the category that’s most important to you, and you’ll be shown the appropriate accounts. As with the age and income filters, you can then click See more to get a detailed breakdown of the features and costs of each account.
What to look for in a bank account
All companies that offer banking and other financial services in South Africa must be registered financial services and credit providers. Registered companies are listed on the National Credit Regulator (NCR) website. When you’re looking for a bank account, make sure you’re applying at an NCR-registered bank so you know it’s a reputable organisation and your money will be safe.
Once you’ve completed this online process, you can start using your new account immediately with our virtual card options
When you browse their account options, look for the features or benefits that matter most to you. If you’re a student or still at school, you’ll want an account with the lowest fees. Young professionals may need a more exclusive Private Banking experience. If you’re the household breadwinner, you might need an account with access to an affordable overdraft to help you cover household expenses at those unfortunate times when there seems to be more month than money.
Features that should be standard on all accounts include:
- A bank card to pay at till points and draw cash at ATMs.
- Digital banking channels, including a mobile app for convenience.
- Monthly account statements that are easily accessible.
- A call centre you can contact in emergencies like possible fraud or a lost card.
How to apply online
One of the perks of filtering and comparing account details on our accounts page is that when you find an account that suits your needs, you can begin the online application process immediately from the account page.
You’ll need to meet the qualifying criteria for the account you choose. These could relate to age, nationality, income and (if you’re applying for a credit facility like a credit card or an overdraft) the results of a credit check.
You also need the following documents:
- A valid South African ID (or birth certificate, if you’re under 16) or a valid passport and work permit.
- Payslips or stamped bank statements for the past 3 months.
- Proof of residence, like an electricity bill not older than 3 months.
With this documentation, you can begin the online application – it should take you less than 3 minutes to go through the 5 steps:
- Choose any optional extras for your account.
- Provide personal details and information needed to open your account.
- Choose your preferences regarding card delivery and how to stay in touch.
- Complete the paperwork and activate your account.
- Create a Nedbank ID for all your online transactions.
Once you’ve completed this online process, you can start using your new account immediately with our virtual card options available on the Money app, while you wait the few days it will take to deliver your physical card.
