How Many Digits is a Nedbank Account Number?
If you are a Nedbank customer or if you wish to do business with someone who banks with the bank, you may be wondering how many digits is a Nedbank account number. It’s important when making payments and carrying out other transactions to make sure that money is going to the right place. You also need to make sure that the account number to which you are sending money has the correct number of digits. Otherwise you will end up encountering delays.
Number of digits on a Nedbank account number
The number of digits on a Nedbank account number varies, depending on the type of account that the Nedbank customer has. Nedbank Current Accounts have 10 digits. Meanwhile, Call and Term loan accounts have 12 digits plus 6 investor numbers. The table below gives a complete picture of the number of digits on a Nedbank account number;
| Account Type | Number of Digits |
|---|---|
| Current | Consist of 10 digits |
| Call | Consist of 12 digits + 6 Investor numbers |
| Term Loan | Consist of 12 digits + 6 Investor numbers |
| CFC | Consist of 10 digits |
| Asset Based Finance | Consists of 11 Digits |
| Nedfleet Card Account | Consists of 10 digits |
Why it’s important to know this information
As you can see in the above table, different types of Nedbank accounts have different number of digits. The most common, which is the Current account, has 10 digits. But why would anyone look for this information?
That’s something to which we have already referred. We have a previous article in which we mentioned how to verify a Nedbank account. It’s important to ensure that the account with which you are doing business is genuine.
South Africa has been reeling from bank fraud and other criminal activities. There is also a chance that you could end up sending money to the wrong account due to human error. Verifying the number of digits is a good way of ensuring that such errors are minimized.
Summary
In this post, we answered the question “how many digits is a Nedbank account number?” It was noted that it depends on the type of account that you have. We also noted that this information is important for those looking to EFT money. You need to make sure that the account to which you are sending money is the correct one to avoid delays.