Pricing

See if your current banking package matches your stokvel club growth needs then explore our affordable pricing options below.

NALA CLUB
ACCOUNT SAVINGS

Annual interest of 4.5%
No monthly fees
No minimum opening balance required

Background

Nala is a seSotho word for harvest, prosperity and abundance. The Nala Club Savings account was made for stokvel clubs who requires access to their harvest instantly and on a short-term basis.

What Are The Requirements?

  • A minimum of 3 members to open account;
  • Certified copy of ID (stokvel executive members only);
  • Proof of residential address.

Account Benefits

  • No long bank queues;
  • Pay online or at any of the participating retail stores;
  • Free 30, 60, 90-day statements;
  • Free sms and email notifications to all your club members;
  • One-Time Pin (OTP) security.

Transaction Activity

Fees

Electronic Funds Transfer (EFT)99c per R100
Cash PaymentR9.99 (min) thereafter R2.49 per R100
Card PaymentR5.99 per R100
WithdrawalR14.99 (min) thereafter 99c per R100

  • Please note that electronic funds transfers (EFT), may take 2-3 working days to reflect on all Nala Club Accounts;
  • Cash payments may be done at tills of over 5 100 of the following retail stores across South Africa: Shoprite, Checkers, PnP, Pep, Boxer, Spar and Ackermans;
  • All fees includes VAT.

NALA CLUB
ACCOUNT 32 DAYS

Annual interest of 5.5%
No monthly fees
Full interest earnings

Background

In seSotho the saying goes “Pula... Nala” meaning with rain, our crops and wealth will prosper. The Nala Club 32 Days account was made for stokvel clubs who will be patient with their money and would require their harvest over time, on a longer-term basis, and at a much greater interest.

What Are The Requirements?

  • A minimum of 3 members to open account;
  • Certified copy of ID (stokvel executive members only);
  • Proof of residential address.

Account Benefits

  • No long bank queues;
  • Pay online or at any of the participating retail stores;
  • Free 30, 60, 90-day statements;
  • Free sms and email notifications to all your club members;
  • One-Time Pin (OTP) security.

Transaction Activity

Fees

Electronic Funds Transfer (EFT)99c per R100
Cash PaymentR9.99 (min) thereafter R2.49 per R100
Card PaymentR5.99 per R100
WithdrawalR14.99 (min) thereafter 99c per R100

  • Please note that electronic funds transfers (EFT), may take 2-3 working days to reflect on all Nala Club Accounts;
  • Cash payments may be done at tills of over 5 100 of the following retail stores across South Africa: Shoprite, Checkers, PnP, Pep, Boxer, Spar and Ackermans;
  • All fees includes VAT.