How to apply for the Pay-as-you-use Bank Account?
Are you looking for an account with the best perks for beginners and no monthly fee? If so, read on to learn how to apply for the Pay-as-you-use Bank Account!
Pay-as-you-use Bank Account: Keep your finances safe with this account!
If you’re like most South Africans, you’ve probably been searching for an account that offers convenience without gouging your pocket. So, read on to learn how to apply for the Pay-as-you-use Bank Account!
Also, this bank account gives you unlimited free card swipes with no monthly fees! Moreover, this exciting new feature is the ideal option if you’re looking for ease and affordability when it comes to controlling your daily finances.
So, whether it’s making payments or budgeting, this new bank account will certainly make your life much easier! Therefore, keep reading to learn how to apply for the Pay-as-you-use Bank Account!
Online Application Process
You can apply online for this card through the official website by going to the official application page. Then, you’ll need to provide your personal information and maybe some documents.
Then, you’ll be able to get a quick response about your account application!
You will be redirected to another website
Before you start the application for this account, you’ll need to learn about the requirements.
For example, you’ll need to be at least 16 years old or older to apply for this account. Moreover, you’ll need to live in South Africa and have a valid South African ID.
In addition, there are no income requirements to qualify for this account.
Application Process using the app
You can use the Nedbank app to manage your account 24/7 and keep track of your money 24/7. Moreover, the app has a 24/7 anti-fraud hotline to keep your money even safer.
However, the best way to apply for this account is online. So, read our topic above to learn our tips on how to apply online and the requirements!
Pay-as-you-use Bank Account vs. Savvy Plus Bank Account
If you’re looking for an account with travel perks and other benefits, you may like the Savvy Plus Bank Account!
Moreover, you’ll be able to get the perks you want whenever you want. But there can be additional costs.
However, this account has a monthly fee. Moreover, this account is only for those with 18 years or more. Therefore, if you’re 16, the Pay-as-you-use account can be best.
Therefore, you can read our comparison table below to learn more and see which account can be best for your needs!
|Pay-as-you-use Bank Account||Savvy Plus Bank Account|
|Requirements||Be at least 16 years old;|
Live in South Africa and have a valid South African ID or a passport (valid) and work permit in South Africa;
There are no minimum income requirements.
|Be at least 18 years old;|
Live in South Africa and have a valid South African ID;
Earn at least R3,000 per month before tax;
Have a good credit score.
|Monthly Fee||There are no monthly fees.||$115 per month.|
|Fees*||Putting money into a Nedbank checking account costs R1,50 for every R100 or any fraction thereof.|
You’ll only pay R12 plus R2,50 per R100 or part thereof when using a Nedbank ATM, R60 plus R2,50 per R100 or part thereof when using a foreign ATM, and so on.
Using this account might result in further fees.
|Cash deposit fee (Nedbank):|
R1,50 per R100 or part thereof;
Withdrawals from Nedbank ATMs are free of charge, but withdrawals from other banks cost R12 plus R2,50 each R100 or part thereof, and withdrawals from foreign banks cost R60 plus R2,50 per R100 or part thereof;
There may be additional charges associated with using this account.
The following post will tell you how to apply for the Savvy Plus Bank Account.
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