Opening a Nedbank account for your child is easy and effortless. This is a guide on how to open a Nedbank account for your child.
Nedbank has a bank account that is made specifically for kids. Kids get access to all the banking services that adults do and even earn interest on their money. It’s made specifically for kids between the ages of 0 and 15. This is the Nedbank 4me account.
To open this account, you will have to take your ID, your child’s birth certificate and go to your nearest Nedbank branch.
What you need to apply?
- Parent’s or guardian’s valid South African identity card or document.
- Child’s unabridged birth certificate.
For non-South African residents
- Parent’s or guardian’s passport.
- Valid permit.
- Child’s unabridged birth certificate.
- An extra monthly fee of R48 per month will apply.
The only thing you have to do is to go to the branch with the above documents and state that you want to open an account for your child. They will gladly assist you and will also take a picture of you and your fingerprints as well.
Benefits of the Nedbank 4me account
The Nedbank 4me account has a lot of benefits for kids and here are some of them.
- Zero monthly maintenance fees.
- Unlimited free card swipes.
- 4 free Nedbank ATM withdrawals a month.
- Cash deposits of up to R1000 are free at any Nedbank ATM.
There are a lot of other benefits but these are some of the ones that standout, your child will also be able to earn interest on their account through Nedbank MyPocket. He/she can also donate to any charity of their choice through greenbacks.
Conclusion
This was a guide on how to open a Nedbank account for your child. Do you have any thoughts or questions? Comment below.
