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 NedTreasury (NT).

General features:

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:

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:

Yes.

Yes.

Coming soon.

Yes.

 View balance only.

Yes.

Additional features:

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:

Yes – including full business onboarding.

Yes – existing business and additional accounts only.

Yes.

Yes.

Coming soon.

Yes - selected products only.

Pricing:

Free.

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