SME transactional account

Accessibilty Links

Skip to home page
Skip to header navigation
Skip to main navigation
Skip to content
Skip to footer navigation

Apply online

Whether you're starting, managing, or growing a business, Nedbank has the solutions to make your business happen. Taking the leap to become an entrepreneur and contributing to the Namibian economy can be daunting. Nedbank offers a range of tools and support for entrepreneurs and small business owners to help them make the most of their endeavors.

Nedbank recognizes the diverse needs of businesses across different scales and sizes. We have developed specialized account offerings tailored to the unique requirements of micro, small, and medium enterprises (SMEs).

Find your fit:

What constitutes an SME differs from country to country and sector to sector. As the World Bank stated, there is no universally accepted definition of SME since such a definition would have to consider legal, social, and economic circumstances of different countries.

	Micro enterprises	Small Enterprises:	Medium enterprise:

Annual Income Range:	N$0 million–N$1.3 million per annum	N$1.3 million–N$5 million per annum	N$5 million–N$10 million per annum
Account Features:	Access to basic banking services including day-to-day banking, internet banking, and cash flow management solutions. Flexible transactional features designed to support the operational efficiency of micro-enterprises	Enhanced features such as overdraft and working capital finance, debtor management, and tender/contract finance options. Access to medium-to-long-term financing solutions including business loans and	Specialized services including vehicle and equipment finance, business reserves, and investment solutions. Access to medium-to-long-term financing options with flexible repayment terms to support strategic initiatives and long-term growth objectives.

Product and services

Start-up to scale up!

No matter the size of your business, we have the tools to help you achieve your business ambitions and grow your business.

SME transactional account: Nedbank offers business transaction accounts to SMEs for flexible payment methods, which allow them to transact, i.e. pay employees and suppliers, while meeting other daily transactional needs.


Features include: • Debit and stop order facilities • Pocket POS • Online-enabled debit card • Merchant acquiring • Online Banking (FCDB corporate) • Credit card • MobiMoney wallet • Access to investment accounts	SME savings and investment products: Savings and investments can provide additional finance, enabling SMEs to take advantage of bulk purchase discounts, buy equipment, maintain working capital and cover unforeseen expenses.	Products include the following: • Call Account (Business Accelerator) • Fixed deposits • Nedbank Notice Deposit Account

Features include:

• Debit and stop order facilities

• Pocket POS

• Online-enabled debit card

• Merchant acquiring

• Online Banking (FCDB corporate)

• Credit card

• MobiMoney wallet

• Access to investment accounts

SME savings and investment products:

Savings and investments can provide additional finance, enabling SMEs to take advantage of bulk purchase discounts, buy equipment,

maintain working capital and cover unforeseen expenses.

Products include the following:
• Call Account (Business Accelerator)
• Fixed deposits
• Nedbank Notice Deposit Account

Insurance and risk management solutions

As a business owner, you may need to protect your legacy and the enterprise you’ve built. Our dedicated SME bankers can tailor a risk mitigation solution for your needs. Our solutions include the following:

Business Insurance	Life insurance
• Vehicle insurance	• Key person life insurance
• Business office contents	• Individual life insurance for SME owners
• Public liability cover	• Credit life cover
• Contractors all-risk cover	Growth
• Business all-risks cover (cellphones, iPads,
laptops, etc)
• Buildings combined cover (all business
infrastructures)

Beyond banking services:

Avo SuperShop: Sell your products and services on Avo, Nedbank’s e-commerce platform. Simply open an Avo merchant account, create your product catalogue and start selling.

PayToday: Shift to the future of payments, today. PayToday enables you to make payments instantly so that you can pay suppliers, shop, buy airtime and electricity, pay for parking, receive payments and so much more.

POS Payment solutions:

With our smart range of point-of-sale (POS) payment solutions, you and your customers can find the most convenient way to pay.

PocketPOS: Nedbank has a variety of portable POS solutions for your customers to pay where it is convenient for them instead of queuing at the tills.

POS devices accept all major card brands, like Mastercard, Visa and American Express®. Benefits include flexible options like cashier management to support your payment processes, and more.

Standalone POS: Nedbank has a variety of desktop stand-alone POS devices, which offers you high-speed transaction processing in 1 cost-effective package. Benefits include an all-in-1 solution for accepting card payments and a fast and efficient field support service when you need onsite assistance or a replacement device.

Please feel free to phone us on 081 959 2222 or the SME Bankers below.

	Name	Branch	Email
1	Sam Ikela	Head Office	samikela@nedbank.com.na
2	Alicia Coetzee	Head Office	aliciaco@nedbank.com.na
3	Onesmus Kandenge	Wernhill	onesmuska@nedbank.com.na
5	Josephat Angula	Windhoek South	josephatan@nedbank.com.na
6	Rodney April	Maerua Mall	rodneyap@nedbank.com.na
7	Raymond De Klerk	Swakopmund	raymondde@nedbank.com.na
8	Cynthia Stoffels	Walvis Bay	cynthiast@nedbank.com.na
9	Markquin Van Der Westhuizen	Head Office	MarkquinVa@Nedbank.com.na>