Guiding consumers since 2009

New Product: SMS notification from Nedbank

By Staff Writer

Nedbank has a new product: SMS notification that informs you of any transactional activity on your current or savings account. And while SMS notification might not be a new thing for many of us, it is nice to see that more banks are offering this service. Are you a Nedbank customer and would like to add this service to your account?

It's easy:

  •  Go to the eNotes page on the Nedbank website 
  • Fill in your cellphone number and the accounts that you would like eNote to link to.
  • Submit your form

 At Justmoney, we feel this sort of technology should really become free across all the major banks - FNB still remains the only bank to offer free SMS notification to all their account holders - Nedbank has opted to charge you a fee for the service, albeit a fairly small one.

eNotes will cost you R12 per month if you have a current or savings account, R7 per month on Transactor and only R2 per month if you have a Mzanzi account, thereby keeping to the low cost goal that is Mzanzi.
Compare that to ABSA's NotifyMe which is free on a fee management package, otherwise R0.48 per notification, while as Standardbank's service will cost you R17 per month.

What are the benefits of eNotes? In addition to receiving updates on all till-point transactions, deposits, ATM cash withdrawals, scheduled payments, third party payments and airtime top-ups, you will also receive service notices to keep you on top of your account and your money.

If you have problems with over spending, or you have an account where you need to maintain a certain balance, you can set the balance on your account, and you will receive a notification once you have reached it. Card and cheque management is also taken care of as you will receive notification once a new card or chequebook has been ordered, delivered and collected, and with phishing and identity theft being a big problem in South Africa, it is reassuring to know that you will receive notification on any changes to your contact details.

While this service is not free, it won't break your budget either.

Not a Nedbank customer? Do our online comparison and switch!

Recent Articles

Featured What happens to your finances when the interest rate drops?

An interest rate cut simply means that the cost of borrowing is lower, and therefore cheaper. This is sometimes a tool used to encourage economic growth. But what does such a cut mean for your finances?

Raise a deposit for your house in 5 steps

If you’re a first-time home buyer, you could be lucky enough to be  approved for a 100% bond, but if you aren’t, a 10% deposit might be required. This  could be a daunting prospect.  However, a few financial tweaks to your lifestyle and spending habits could get you a foot in the property door and, once you’ve purchased a property, significantly reduce your long-term bond repayments.

Get personal with your finances – and tie the knot

As time passes, your financial products may not live up to your needs. Therefore, it’s important to take stock of what you’re paying for and adjust where necessary. We got in touch with financial advisers to find out how you can get your finances in order, and what you should do to ensure you’re financially stable.

Personal loan or business loan? The best way to finance your business

When starting your own business, you may have to rely on external funding. Perhaps you qualify for a personal loan, but would it be better to take out a business loan instead? We got in touch with a specialist to find out whether it’s best to take out a business loan or a personal loan to assist you with your ongoing business or start-up.

Deals

Cash Rewards up to 20% when you swipe your Absa Card at Spar

Price: Available on request
When: Daily
Where: Nationwide

The Royal Elephant Hotel Valentine's Day Special

Price: Available on request
When: 14 February 2020
Where: Centurion

Premier Hotels Vegan Dinner Special

Price: R225 per person
When: Monthly
Where: Nationwide