What it does
Nedbank provides account services through the Money app, online banking and cellphone banking. Nedbank ID supplies a shared login for the app and browser. Customers can manage account access, card settings and savings pockets, with a separate supervised service for children.
A smartphone app is not the only route into a Nedbank account. Cellphone Banking uses 120001# without an app or data connection. The Money app and browser instead share a Nedbank ID.
Set up or recover the shared login
In the Money app, select Register and enter the requested personal details. Link the account using a bank card and ATM PIN, or the existing profile number, PIN and password. Approve the confirmation message, choose the Nedbank ID username and password, and confirm the new ID.
Forgot details starts credential recovery. A locked Nedbank ID can be reset and the banking details linked again. A locked underlying online-banking profile requires a branch visit, which is a different problem from forgetting the ID password.
Adult and child account costs
The adult MiGoals account charges R8 monthly, with additional charges for services used. Card purchases, app notifications and the latest three months of digital statements are included. Greenbacks membership is optional at R35 monthly. MiGoals applicants must be at least 18 and live in South Africa; foreign applicants need a valid passport and work permit.
MiGoals4Kids has no monthly maintenance fee. A parent can link the child’s profile in the Money app and choose which transactions the child may make, including payments to parent-loaded beneficiaries. Virtual cards can have separate spending limits. Opening requires the parent’s or guardian’s ID or passport and the child’s unabridged birth certificate; guardians also provide the court order.
Strengths
- Cellphone Banking works without a smartphone or data connection
- One Nedbank ID serves both app and browser access
- Parents choose the transactions available in Kids Digital Banking
Watch out for
- A locked underlying online-banking profile requires a branch visit
- MiGoals charges a monthly fee in addition to selected transaction charges
Best for
- Nedbank customers switching between app and browser banking
- Parents supervising a child’s spending through the Money app
Sources
- Nedbank Digital Banking Channels (Oct 27, 2026)
- Nedbank ID: Registration and Access Recovery (Oct 27, 2026)
- Nedbank MiGoals: Maintenance Fee, Included Services and Eligibility (Oct 27, 2026)
- Nedbank MiGoals4Kids: Account Costs and Parent Controls (Oct 27, 2026)