N5000 Account for non‑profit organisations
The Nedbank N5000 Account is an interest-bearing account specifically designed for organisations that operate to support a cause rather than generate profit. It’s ideal for non-profit organisations (NPOs) that are typically not registered with the CIPC, including non-registered trusts, estates, societies, body corporates, clubs, faith-based groups, government schools, and other charitable organisations.
Earn interest from day 1 and pay no transaction fees
Zero monthly fees with a qualifying balance
Maintain a balance of R50 000 or more and enjoy no monthly maintenance fees. Plus, get free card swipes, free account payments, free debit and stop orders, and 50% off inter-account transfer fees. (Minimum debit transaction: R500.)
Free and discounted cash deposits
Make free cash deposits of up to R5 000 a month at a Nedbank ATM and get 50% off cash deposit fees when you deposit money at a Boxer store.
Earn interest from day one
Start earning interest on balances of R5 000 or more immediately. This interest-bearing account helps your organisation grow its funds while staying mission focused.
Dedicated relationship banker and digital access
Get personalised support from a dedicated relationship banker. Manage your non-profit bank account online via the Money app and Online Banking, with access to Banking and Beyond solutions for added convenience.
Business cheque cards available
Access business cheque cards for your organisation at an additional fee, ideal for clubs, societies, and charitable organisations needing flexible payment options.
Who qualifies
Societies, body corporates, clubs, charitable organisations and section 21 Non-Profit Companies. Excludes estates, CIPC-registered, trusts and trust companies.
What you earn on your N5000 account
Balance |
Nominal rate p/a* |
|
|---|---|---|
0.00% |
||
2.00% |
||
2.00% |
||
2.00% |
||
2.50% |
||
2.50% |
||
4.25% |
||
4.25% |