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Over the last five years, Nedbank Retail Banking has reduced and simplified fees to bring clients the best possible combination of products and services at the right price. Nedbank has also introduced innovative tools such as the Bank Fees Calculator and a Pricing Call Centre to help clients choose the products that best suit their banking needs.
Nedbank’s innovative approach to pricing has enabled the bank to limit its 2009 fee increase to an average of 8.5%,well below the average inflation rate for the last year, and to leave all penalty fees unchanged. Even after this increase, the typical Nedbank individual client’s monthly fees remain below the 2003 level.
The fee changes are effective 1 March 2009. The next review will be effective 1January 2010, to align with Nedbank’s financial year-end on 31 December.
"Nedbank Retail Banking is committed to offering great value banking by keeping its offerings affordable, simple and transparent," say’s Saks Ntombela Managing Executive, Transactional & Investment Products at Nedbank.
ENDS| ISSUED BY: NEDBANK MEDIA RELATIONS | |
| Contact: | Joanne Isaacs Tel: (011) 295 8045 Cell: 078 800 4989 E-mail: joannei@nedbank.co.za |
| This page was updated on 8 July, 2009 |  Return to top |
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