What type of beneficiaries can be added online?
You may add any beneficiary to your profile provided that you have activated the SMS Authorisation facility on your profile. The following beneficiaries may be added to your profile: • Beneficiaries with other South African bank accounts • Nedbank accounts • Approved Beneficiaries. An “approved beneficiary” is a company or institution with which Nedbank has a special payment agreement for your convenience (e.g. Telkom). When paying an ’approved beneficiary’, you don’t need the beneficiary’s banking details; just select the beneficiary from the list provided.
