Guiding consumers since 2009

Go Banking Gets Better

By Staff Writer

Go Banking launched its new pricing structure this month, scraping certain fees and simplifying others.

With low fees and a high credit interest rate, it offers great value - so click here to find out more

The bank is limiting its bank charges on the Go Account and Credit Card to R1, R2, R3, R5 and R15 per transaction where ever possible. For example, customers withdrawing cash from a Nedbank ATM would previously pay withdrawal fees of R2+80c/R100 per transaction. Under the new fee structure, the cost is R1/R100 per withdrawal. For a debit order "stop-payment" instruction, the fee has been reduced from R16 to R15.

The bank has also done away with fees such as the R2 on a statement enquiry and cellphone top-ups at a Nedbank ATM. All SMS banking fees remain free to encourage the adoption of this new channel.

Keeping with the business's philosophy to promote saving, Go Banking customers don't pay for most transaction whilst they have R5,000 or more in their Go Account accounts, including:

  • Monthly minimum service fees
  • Cash withdrawals from Pick n Pay tillpoints
  • Cheque deposits at Pick n Pay tillpoints, Nedbank ATM's or over the counter
  • Combined purchase and withdrawal from a Pick n Pay till
  • Debit orders, stop orders and accounts payments
  • Card purchase - MasterCard debit or ATM Mestro cards

 

Recent Articles

Featured What impact does compound interest have on your savings and debt?

Interest plays a big role in your savings and debt. It determines how much you’ll receive for keeping your money in the bank and it also determines how much you’re going to pay your creditors. But what power does compound interest have on your finances?

Times are tough, but keep your debt under control

While the whole world is going through a rough patch, you may also be feeling the pinch. With the country in crisis, it may be difficult to keep up with your debt instalments. However, abandoning your debt obligations is not the solution.

Debt Series Part 2: Interest rates - unpacked

In the second part of our Debt-ucate series we explore interest rates –from how to get a better rate to what influences it, and how this affects the cost of your debt.

Debt counselling – the two sides of the coin

Being overindebted doesn’t just put a strain on your personal finances; it also puts a strain on your state of mind. The best solution is to start the process of debt counselling so that you can escape the debt cycle. But what are the ups and downs of joining this debt relief programme?

Deals

Chartered Finance Institute Free Course

Price: Available on request
When: Daily
Where: Online

Takealot Lockdown Specials

Price: Available on site
When: Daily
Where: Online

Woolies Winter Sale

Price: Available on request
When: Daily
Where: Online