Tag Archives: Nedbank


Nedbank Send-iMali, sending and receiving money the easy way

Send-iMali – Nedbank  is one of South Africa’s biggest financial institutions. Over the years, this reliable financial house has dedicated itself to building more products and services targeted at individual banking and self-service banking. One of the products doing exactly this is the Nedbank iMali.

The Nedbank Send-iMali product has been tailored to facilitate convenient sending and receiving of money. This means Nedbank clients can send money to family members, friends, colleagues, contractors as long as they have a cellphone. Sending money through iMali can be done either through internet banking, the Nedbank App Suite or cellphone banking.

Through internet banking, simply log on to Nedbank internet banking or mobile banking at nedbank.mobi and select the ‘money transfer’ option on the top menu bar (the other channels will follow soon), use the drop down menu and select ‘pay now’, follow the simple set of steps to send money to recipients, using only their cellphone number.

To send through Nedbank App Suite, log on to the App Suite and select the ‘money transfer’ option, read the terms and conditions and accept if satisfied, complete the required fields and then select ‘submit’. The confirmation screen will display a summary of the transactions and you will be requested to confirm the transfer.

iMali through cellphone banking works by dialing *120*001# and select option 1, log in using your profile number and PIN, select ’money transfer’, read and accept the terms and conditions if satisfied, choose an account to debit, enter the recipient’s cellphone number, enter the amount you want to send, and then select ’submit’, a summary of the transaction will appear on your screen and you will be requested to confirm the transfer.

The cost implications are also minimal because the sender is only charged a service fee of R9,50, including VAT for each transaction. If the receiver does not  withdraw the money within seven days, the money will be returned to the sender. The R9,50 service fee will however not be refunded.

Nedbank can be contacted on 0860555111.

You can apply for a Nedbank loan here

Nedbank money trader

Nedbank money trader

Nedbank is one of South Africa’s biggest financial institutions. In a big and competitive financial industry which stands on a strong foundation of a strong and thriving South African economy. It is for this reason that Nedbank believes innovation and excellent customer service will be the difference and other fierce competitors. Current economic indicators show that the middle banking segment (those who earn between R100 000 and R550 000 per annum) could grow from 4.2m this year to 10.9m by 2020, while the entry-level banking segment could increase from 13.7m to 14.6m customers over the same period.

Nedbanks strategy is therefore to unlock the potential of the entry-level and youth (which will be the next middle-income segment) markets through a positive retail banking experience, and attracting more clients either through its wholesale channel or as a result of compelling value propositions. One of those compelling and innovative  product propositions is the Nedbank money trader.

Nedbank money traderThe Nedbank money trader is an investment account that allows clients to save smartly. The money trader requires that one must have an initial deposit of R50000 and there is no maximum limit on how much can be kept in the account, additional deposits and withdraws in this account are subject to a minimum amount of R5000, interest rate applies regardless of the balance and interest rates can fluctuate on a daily basis as they are linked to money market conditions. Interest on this account is calculated daily and may be paid out or capitalised monthly as long as the account maintains a minimum balance of R50,000.

This account also offers other benefits such as access to funds within 24 hours, capital is fully guaranteed, there are no fees and commissions and this account is available for both individuals and small businesses.

To access this fantastic service or product, Nedbank can be contacted on 0860555111.

You can apply for a Nedbank loan here

Nedbank: South Africa’s Third Largest Bank

Nedbank driven by the motto “banking for all” has positioned itself as key financial hub for capital, business banking, retail banking, corporate banking and wealth management. Its whole banking, asset management and insurances services are adorned with assured safety and good returns.
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