Nedbank is one of the “big four” banking institutions in South Africa. The institution has extensive history in the South African financial industry and continues to expand its services within the South African market.
The bank was established in 1831 as the Cape of Good Hope Bank. With its range of products and services, Nedbank has been able to give clients financial solutions which are personalised and suit individual needs. Over the years it has become a reliable and trustworthy institution.
The bank offers a range of financial solutions, designed to make the banking experience fluid. From transactional services, to credit solutions and investment options, Nedbank has a suite of banking solutions available.
One of the unique service offerings from the financial institution is the Nedbank 4Me Account for kids.
Tell me more about the Nedbank 4Me Account for kids?
Offered to children up to the age of 18 years, the Nedbank 4Me Account for kids is designed for the users to make transactions and save at market-related interest rates.
Using the account is convenient, as it allows immediate access to money.
A further benefit offered by this account is that interest rates are generally higher than normal savings accounts.
It also comes with a Maestro or Visa debit card. There are no subscription fees for self-service banking and users get free access to the Nedbank App suite.
When account holders use the card, Nedbank will donate to a charity of their choice at no cost to them.
What do children need to apply for the Nedbank 4Me Account for kids?
- Parent’s or guardian’s valid South African ID or passport with a valid permit and child’s birth certificate.
- Proof of residence
- A minimum deposit of R5 will be required to open the account.
This account offers children a simple and easily accessible way to benefit from having a savings account designed to meet their needs.
To contact Nedbank, call: 011 294-4444.