Reach your goals with a special stokvel account

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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.

BENEFITS OF SAVING WITH THE NEDBANK STOKVEL ACCOUNT

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.

HERE’S HOW TO GET STARTED

• 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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