Categories: Banking

Nedbank customers can now open Nostro & other additional accounts via USSD


We have been talking, for some time now, about traditional financial institutions making it easier for individuals to open bank accounts. This need has become all the more pressing because of the restrictions that have been imposed on EcoCash and other mobile money operators.

In what I think is a step in the right direction Nedbank has announced that existing customers can now open additional accounts via the bank’s *299# USSD. I say step in the right direction because Nedbank customers won’t have to use internet-based platforms or visit a branch to open an additional account.

This, of course, doesn’t go far enough because it’s not like new customers can open Nedbank accounts via USSD but for the sake of customer convenience this a very good move.


Hopefully, this development means that Nedbank is working on making it possible for anyone to open an account on the *299# USSD code.

How to open additional Nedbank accounts via USSD

  • Dail *299# and enter your PIN
  • Select option 9 for the next page in the Menu
  • Select Account Management
  • Select the Open Additional Account
  • Enter “1” to accept the terms and conditions

You will then see a menu with account options

  • Current
  • Savings
  • Private (Nedbank Private Banking provides integrated banking, wealth advisory and investment management services to high-net-worth clients in Zimbabwe.)
  • Bundled (This account is for those who only do a few transactions a month and want a fixed monthly fee)
  • Nostro FCA
  • Youth
  • Basic Lite

You can then select the account type that you want and follow the steps. When I went through this process I selected Savings Account and then I was given currency options for the account.

After selecting the currency I was asked to select a branch as well as confirm the application. I then received a text message with an application reference number.

The last step will be to hear back from the bank which I suspect will be over email.

Quick NetOne, Telecel, Africom, And Econet Airtime Recharge

If anything goes wrong, chat with us using the chat feature at the bottom right of this screen

Leave a Reply

Your email address will not be published.

Published by
Valentine Muhamba

Recent Posts

Review of Microsoft Cloud for Healthcare – 5 things to note

Review of Microsoft Cloud for Healthcare enteprise solution, 5 things to note for any institution…

January 20, 2021

Video: Sky Force Reloaded gameplay. Stage 8 level insane

Here is some gameplay of Skyforce reloaded. It is a fun shooter arcade game with…

January 20, 2021

Google Chrome update will help you make your passwords stronger

Google is rolling out a new update for Chrome which will help you identify and…

January 20, 2021

Alibaba founder Jack Ma resurfaces after months of silence

Alibaba Founder Jack Ma has resurfaced after months off the grid after he made remarks…

January 20, 2021

Distributing the COVID-19 vaccine in Zimbabwe is going to be a nightmare

There are a number of variables that are going make distributing the 3 million COVID-19…

January 19, 2021

Some bank branches may never reopen because of COVID

Owing to COVID-19 and the digital drive that come because of it, some bank branches…

January 19, 2021