Reach your goals with a special stokvel account


If you’re part of a stokvel or want to start your own, Nedbank has you covered with an account that helps you save smart – and comes with awesome benefits that you actually need.


Members receive R10 000 burial cover for only R20 per member per stokvel month – they’ll also arrange transport of the deceased to anywhere in South Africa.

• Get more for your money with up to 10% discount on groceries or school supplies when you shop at our selected partner stores.

• Nedbank offers stokvel members a Nedbank Pay-as-you-use account with zero monthly fees – simply open your account on the Nedbank Money app.

• You can have as many members join the Nedbank Stokvel Account as you want.

• You can open an account in a few easy steps without heading to the bank.


• Simply dial *120*001*7865835#

• You’ll need a minimum of R100 to open the account.

• Be sure to have your valid South African identity card/document or permanent resident permit for each signing member.

• A copy of the minutes of the meeting in which the decision was made to open the account.

• Note: stokvel members must be between 18-65 years of age to qualify for the burial benefit.

• Get your stokvel account started from your phone today by dialling*120*001*7865835# – or visit a branch near you! 

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