Choose the right digital channel for your business

A comparison between the Money app and Online Banking, Nedbank Business Hub (NBH), Netbank Business (NBB) and Global Transactional Banking (GTB).

General features:

Money app and Online Banking
Nedbank Business Hub, Netbank Business and Global Transactional Banking

Default option for small businesses.

Default option for commercial and corporate entities.

Yes (switch between profiles using a single login).

No (access is via Money app and Online Banking only).

Yes (optional).

n/a

Nedbank ID and password.

Nedbank ID and password.

  • IDVL (identity verification and livelihood test) = facial recognition via selfie.
  • USSD Approve-it  or one-time PIN (OTP).
  • In-app Approve-it.
  • Nedbank security certificate installed on device.
  • Token authentication or Authenticator app.
  • Ability to add up to five secondary users.
  • Choice of partial or full access.
  • Selection of primary and secondary users.
  • Unlimited additional users.
  • Setting of user rights set at an account, feature and function level.
  • Selection of authorised, mandated and entitled roles.

R5m max daily limit.

Unlimited.

Domestic transactional features:

Money app and Online Banking
Netbank Business (NBB)

Yes.

Yes.

Yes (for accounts linked on profile).

Yes (for accounts linked on profile).

Yes – airtime and data, electricity, vouchers.

No.

  • Manually capture of multiple payments
  • Management of groups of recipients.
  • Bulk upload capabilities.
  • Account verifications services (AVS).
  • Provisional and Final Transactional Information (PTI and FTI).

Global transactional features:

Money app and Online Banking
Global Transactional Banking

Yes.

Yes.

Yes.

Yes.

 View balance only.

Yes.

Additional features:

Money app and Online Banking
Nedbank Business Hub, Netbank Business and Global Transactional Banking

View and redeem (coming soon).

n/a.

  • MoneyTracker income and spend categorisation and budgeting tool.
  • Xero – direct API feed.

n/a.

  • Open, view and manage the full range of retail notice and fixed-term deposits.
  • View call accounts.
  • View call and cash management balances.
  • Transfer from or to daily call account.
  • Open a call account.
  • Book an appointment with your banker.
  • Manage payment, transfer and ATM withdrawal limits.
  • Freeze, block and re-order cards.
  • Dispute debit orders.
  • Use the collections capability (subject to credit approval).
  • View cash deposit images.
  • Use payroll integration.

Apply for products:

Money app and Online Banking
Nedbank Business Hub, Netbank Business and Global Transactional Banking

Yes – including full business onboarding.

Yes – existing business and additional accounts only.

Yes.

Yes.

Available on Online Banking.

Yes - selected products only.

Pricing:

Money app and Online Banking
Nedbank Business Hub, Netbank Business and Global Transactional Banking

Free.

  • NetBank Business: Monthly subscription fee + per-user fees apply. Subscription for first two users are free.

Depends on account type. Please consult your account pricing guide.

Depends on account type. Please speak to your banker for a quote. 

View rates and fees for our small business accounts

Rates and fees