Open a Nedbank Account

Open a Nedbank Account

Get the convenience of a transactional banking account that offers you funeral cover and free digital banking at a low monthly fixed fee. 


Features and benefits
First, 10 Nedbank transactions are free
-These include Nedbank ATM withdrawals (limited to 4), External debit orders, Electronic payments on Internet Banking / Nedbank Money App, Balance enquiries at the branch, bank stamped statement, cheque deposits.
R2 000 funeral cover
Free card swipes
Free balance enquiries at self-assisted
channels (Nedbank ATM, SMS banking, online banking, Money app)
Free email statements


Who qualifies?
Individuals over the age of 18
Non-residents are welcome to apply, at an extra monthly fee of R35
No minimum income is required
Not available to trusts, companies or legal entities


What do you need to apply?
Your valid barcoded South African identity document, smart identity card or passport with valid permit
Proof of residence, such as a utility bill, rental invoice or a phone account that has your name and physical address on it
An opening deposit of R50


Optional extras
Send money to any cellphone in South Africa with Send-iMali
Prepaid electricity and airtime
Airtime without Airtime
Instant Payments

If you’re looking for a no-frills Pay-as-you-use account or a zero-fee Unlocked. Me Student account, the only time you need to set foot in a branch is to pick up your bank card.

Through a series of secure authentication steps and facial recognition on your smartphone, we’re able to confirm your identity with Home Affairs and set you up for digital banking the quick, safe and easy way…

Download the Nedbank Money app to open your account in five minutes

  • Open the app and select ‘Become a client’.
  • Enter your ID and cellphone number.
  • Consent to our processing your personal info.
  • Follow the prompts to confirm your details.
  • Give our app permission to access your camera.
  • Verify your identity with facial recognition.
  • Tell us your physical address.
  • Read and accept the terms and conditions.
  • Follow the prompts to activate your account.

What happens next?

  • Collect your card from any branch (all you need is your ID).
  • Confirm the Approve-it™ message on your phone to confirm you’re opening an account.
  • Create and confirm your PIN.
  • Call us on 0860 555 111 to set up Internet Banking access.

Can anyone qualify?

  • You must be over 18.
  • You must have a valid South African ID.
  • For an Unlocked.Me account, you’ll need to confirm your student number and place of study during your application.

Want to know more?

Find out all you can do with the Nedbank Money app – from managing payments and debit orders to buying prepaid electricity and playing Lotto.


Or, take a look at the features and benefits you get with the account that’s right for you…