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We are an independent, objective, advertising-supported content publisher website. In order to support our ability to provide free content to our users, the recommendations that appear on our site might be from companies from which we receive affiliate compensation. Such compensation may impact how, where and in which order offers appear on our site. Other factors such as our own proprietary algorithms and first party data may also affect how and where products/offers are placed. We do not include all currently available financial or credit offers in the market in our website.

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Pay-as-you-use Bank Account review: Greenbacks perks!

Do you need to save money and start your first account with no monthly fee? If so, read our Pay-as-you-use Bank Account review!

Pay-as-you-use Bank Account: Unlimited free card swipes!

Get a bank account that adapts to your needs. Source: The Mister Finance.
Get a bank account that adapts to your needs. Source: The Mister Finance.

Are you a South African looking for a hassle-free and cost-effective banking solution? Then look no further! Our Pay-as-you-use Bank Account review will give you all the information you need! So, read on!

Pay-as-you-use Bank Account

How to apply for the Pay-as-you-use Bank Account?

Looking for an account with basic banking features and no monthly fee? Read on to learn how to apply for the Pay-as-you-use Bank Account!

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How to apply for the Pay-as-you-use Bank Account?

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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.
*Terms apply.
Monthly FeeThere are no monthly fees.
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.
*Terms apply.

Moreover, this is an amazing financial product that is designed to work specifically for mobile users in our country!

So, keep reading our Pay-as-you-use Bank Account review to learn more about the benefits of the Pay-as-you-use Bank Account!

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How does the Pay-as-you-use Bank Account work?

This account offers incredible perks, including free Greenbacks membership! Moreover, you can use online banking to keep track of all your finances!

Also, it’s perfect whether you’re just starting out with your first bank account or if you’re looking to upgrade from using traditional payment methods.

Moreover, with no minimum balance, zero monthly fees, and unlimited free card swipes, this unique banking option promises plenty of rewards!

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Pay-as-you-use Bank Account benefits

Get a debit card to use in your purchases. Source: Freepik.
Get a debit card to use in your purchases. Source: Freepik.

As we mentioned, this account offers incredible perks to its holders. Moreover, you can even get 50% off your Nu Metro movie tickets when you use your card.

In addition, this account allows you to set payment limits and the chance to manage your account 24/7 with online banking.

However, this account has some downsides, as with any other. Therefore, read our pros and cons list below to learn more about this account with our Pay-as-you-use Bank Account review!

Pros

  • You can apply for this account even if you have at least 16 years old;
  • There are no minimum income requirements to get this account;
  • You’ll be able to get a free Greenbacks membership;
  • Also, there is the option to use your card and get 50% off Nu Metro movie tickets.

Cons

  • There are not many banking benefits related to more exclusive perks;
  • Also, you won’t find travel perks or high rewards.

Pre-approved credit cards for low credit score available now

We analyzed your profile and found some offers that you can apply for today.

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Should you open a Pay-as-you-use Bank Account?

If you’re looking for a great account to start your banking and financial life, the Pay-as-you-use Bank Account can be an incredible option.

Moreover, with this account, you’ll be able to get incredible perks for no monthly fee!

Also, you can even get this account even if you’re at least 16 years old!

How to apply for the Pay-as-you-use Bank Account?

You can apply for this account in a very easy way through the official online website. Moreover, you’ll need to provide the personal information required on the official application form and await a response!

Pay-as-you-use Bank Account

How to apply for the Pay-as-you-use Bank Account?

Looking for an account with basic banking features and no monthly fee? Read on to learn how to apply for the Pay-as-you-use Bank Account!

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How to apply for the Pay-as-you-use Bank Account?

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About the author

Victória Lourenço

Victória Lourenço is part of the finance writer team for The Mister Finance website. She is a translator and copywriter, having worked on finance topics for over four years. She has a goal to keep studying finances to help people learn more about how to use their credit cards, make loans, and use other money-related products in a way that they can find a more meaningful and healthy financial life!

Reviewed by

Aline Barbosa

Senior Editor

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Under no circumstance we will require you to pay in order to release any type of product, including credit cards, loans or any other offer. If this happens, please contact us immediately. Always read the terms and conditions of the service provider you are reaching out to. We make money from advertising and referrals for some but not all products displayed in this website. Everything published here is based on quantitative and qualitative research, and our team strives to be as fair as possible when comparing competing options.

Advertiser Disclosure

We are an independent, objective, advertising-supported content publisher website. In order to support our ability to provide free content to our users, the recommendations that appear on our site might be from companies from which we receive affiliate compensation. Such compensation may impact how, where and in which order offers appear on our site. Other factors such as our own proprietary algorithms and first party data may also affect how and where products/offers are placed. We do not include all currently available financial or credit offers in the market in our website.

Editorial Note

Opinions expressed here are the author's alone, not those of any bank, credit card issuer, hotel, airline, or other entity. This content has not been reviewed, approved, or otherwise endorsed by any of the entities included within the post. That said, the compensation we receive from our affiliate partners does not influence the recommendations or advice our team of writers provides in our articles or otherwise impact any of the content on this website. While we work hard to provide accurate and up to date information that we believe our users will find relevant, we cannot guarantee that any information provided is complete and makes no representations or warranties in connection thereto, nor to the accuracy or applicability thereof.

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