NEDBANK is not good for Business banking.

I would never recommend any new business to sign up with Nedbank. There are so many difficulties and hurdles in the way to make a small company grow. For example - it takes at least overnight to transfer your own money from an investment account to your own cheque account. Don't even try to get an overdraft - we app**** recently after doing business with them for 30 years and it was turned down after considering the application for 8 months, where our FICA and BEE evaluations had to be submitted several times. On smaller matters like monthly payment of taxes in excess of R150 000 it requires authorization with additional FICA clearance taking time planning and even your own funds to make the deadline with SARS .