The Nedbank N5000 Account is an interest-bearing account specifically designed for organisations that operate to support a cause rather than generate profit. It’s ideal for non-profit organisations (NPOs) that are typically not registered with the CIPC, including non-registered trusts, estates, societies, body corporates, clubs, faith-based groups, government schools, and other charitable organisations.

This specialised bank account for non-profit organisations offers standout benefits such as no monthly maintenance fees when a balance of R50 000 or more is maintained, and interest earned from day one. Whether you're looking for banking for charities or want to open a non-profit bank account, the N5000 Account provides a reliable and rewarding solution tailored to your organisation’s needs.

• Maintenance fee for balances over R50 000 is R0pm.
• Transaction fees are also free where balances over R50 000 are maintained.
• Maintenance fee for lower balances is R75pm, and pay as you use pricing applies.
• Interest is earned from day one.

View rates and fees.

See T&Cs.

Benefits of the N5000 for non-profit entities

The Nedbank N5000 Account is built to support organisations that serve a public, community or membership purpose. As an interest-bearing account, it helps grow funds while maintaining operational flexibility. With features like online access, secure transactions, and tailored support, this interest-bearing banking account empowers groups to manage finances efficiently and transparently.

Why choose N5000 for your charity or club

For clubs, associations, societies, and charitable organisations that are not registered with the CIPC, the N5000 Account offers a practical and ethical banking solution. It’s designed for groups that operate for a cause, providing a reliable bank account with tools that simplify financial management. With access to a dedicated relationship banker, free access to digital channels and beyond banking support, banking smartly is easy.

The N5000 Account stands out for its cost-saving structure. Organisations that maintain a balance of R50 000 or more enjoy no monthly maintenance fees, and will not pay for transactions, making it a budget-friendly choice. Plus, interest is earned from the first deposit, allowing your funds to grow. These features make it an ideal solution for banking for charities and community groups that typically hold large balances in their accounts to manage their cause.

Who should open an N5000 Account

This account is ideal for various causes operating for social, educational, or charitable purposes. Eligible groups include non-registered trusts, estates, body corporates, clubs, faith-based organisations, and government schools. If your organisation seeks a secure and rewarding way to manage its finances, the N5000 is a smart choice.

Key features of the N5000 Account

Earn interest from day 1 and pay no transaction fees.

• Zero monthly fees with a qualifying balance
  Maintain a balance of R50 000 or more and enjoy no monthly maintenance fees. Plus, get free card swipes, free account payments, free debit and stop orders, and 50% off inter-account transfer fees. (Minimum debit transaction: R500.)

• Free and discounted cash deposits
  Make free cash deposits of up to R5 000 a month at a Nedbank ATM and get 50% off cash deposit fees when you deposit money at a Boxer store.

• Earn interest from day one
  Start earning interest on balances of R5 000 or more immediately. This interest-bearing account helps your organisation grow its funds while staying mission focused.

• Dedicated relationship banker and digital access
  Get personalised support from a dedicated relationship banker. Manage your non-profit bank account online via the Money app and Online Banking, with access to Banking and Beyond solutions for added convenience.

• Business cheque cards available
  Access business cheque cards for your organisation at an additional fee, ideal for clubs, societies, and charitable organisations needing flexible payment options.

N5000 account information