I WILL NEVER EVER ADVISE ANYONE TO OPEN AN ACCOUNT WITH NEDBANK!
When you swipe with your nedbank card to make purchases the timing difference of when debits go off your account can take days (unlike than with my previous bank, standard bank, cheque card purchases usually showed IMMEDIATELY on my statement). It just so happened that one of those debits went off very late resulting in my account going into a small negative... next thing I see when money came into my account is an immediate deduction of R90 Hon Fee - RIDICULOUS to say the least, because this R90 Hon fee represents 84% of the amount by which my account was overdrawn - then WHAT is the point in opening a cheque account??? Surely cant the bank just charge interest for a small overdrawn amount than a fee to the value of 84% that the account went into a negative? I SHOULD NEVER HAVE MOVED FROM STANDARD BANK - Better SERVICE and their running bank charges costs me LESS than Nedbank's ridiculous HIDDEN charges!!! Its enough to make you sign an account contract - but teach your staff to communicate these NEGATIVE charges to consumers opening a cheque account. In my opinion, NEDBANK IS A WASTE OF TIME and MONEY
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