How to open a Money 24 account.
How to open a Money 24 account.
l Minimum deposit is R10000.
l Additional deposits of R1000 or more can be made at any time.
l Monthly stop orders are available, but only from Nedbank cheque or savings accounts. A minimum stop order is R1 000.
l Partial withdrawals (minimum R1 000) are permitted, provided the minimum deposit of R10 000 is maintained.
l Interest is calculated daily and can be paid or capitalised monthly.
l Monthly statements are issued.
l Limited digital banking functionality is available.
l Competitive interest rates are tiered according to the balance.
l Only 24-hours notice is required to withdraw funds, except where the following day is a Sunday or public holiday - in which case the funds will be paid out the following business day.
l All cheques deposited are subject to a clearance of seven business days.
l If interest rates rise, the higher rate will apply immediately.
l Interest rate decreases are also applied immediately.
l This account is only available to individuals and small business services clients.
l Nedbank offers the Money 24 Investment Account, which is a money market investment account.
It offers tiered interest rates and short-term accessibility.
You enjoy access to your funds within 24 hours.
No transactional facilities are available.
The nitty-gritty of Money 24
How to open a Money 24 account.
How to open a Money 24 account.
l Minimum deposit is R10000.
l Additional deposits of R1000 or more can be made at any time.
l Monthly stop orders are available, but only from Nedbank cheque or savings accounts. A minimum stop order is R1 000.
l Partial withdrawals (minimum R1 000) are permitted, provided the minimum deposit of R10 000 is maintained.
l Interest is calculated daily and can be paid or capitalised monthly.
l Monthly statements are issued.
l Limited digital banking functionality is available.
l Competitive interest rates are tiered according to the balance.
l Only 24-hours notice is required to withdraw funds, except where the following day is a Sunday or public holiday - in which case the funds will be paid out the following business day.
l All cheques deposited are subject to a clearance of seven business days.
l If interest rates rise, the higher rate will apply immediately.
l Interest rate decreases are also applied immediately.
l This account is only available to individuals and small business services clients.
l Nedbank offers the Money 24 Investment Account, which is a money market investment account.
It offers tiered interest rates and short-term accessibility.
You enjoy access to your funds within 24 hours.
No transactional facilities are available.
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