Account (SA)
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!
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!
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!
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 Fee | There 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!
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
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.
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!
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!
About the author / Victória Lourenço
Reviewed by / Aline Barbosa
Senior Editor
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