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Features and benefits
For yoru convenience and peace of mind, we maintain correspondent banking relationships for major trading currencies with reputable banks around the world, ensuring that payments are actioned timeously.
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Secure and reliable transfer of funds through encoded messages
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Quick and easy processing of payments and receipts
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Efficient and accurate processing techniques
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Highly competitive market-related fees
Receiving a SWIFT payment
- The majority of the time incoming payment messages come complete with details of payment, and you would be aware that you are receiving funds from outside the CMA.
- In the event that the details are not clear we will notify you as soon as we have received your funds.
- In case of the above you will be required as prescribed by the CBL to disclose the purpose of the funds by completing an integrated form before the funds can be released into your Nedbank account.
Please note:
In terms of Exchange Control Regulations 1989 and the Currency and Exchanges Manual for Authorised Dealers 2019, Nedbank Lesotho is required to accept funds originating outside the common monetary area (CMA) in foreign currency, preferably USD, EURO or GBP, and not in ZAR (South African Rand).
CMA countries are South Africa, Namibia, Eswatini and Lesotho.
All Nedbank clients are hereby requested to inform or engaged with anyone who is going to send them funds from a non-CMA country to make sure that the funds are transfered in one of the above-mentioned currencies mentioned and not in ZAR.
Sending a SWIFT payment
- Go to any Nedbank branch to complete a SWIFT application form.
- Fill in the form clearly and submit the necessary documents to avoid delays.
Please note:
- Our SWIFT address is NEDLLSMX
- We can only process SWIFT transfers to you if you are an existing Nedbank account holder
Changes to CMA payments
There has been changes to cross-border payment arrangements between countries in the CMA (South Africa, Lesotho, Eswatini and Namibia) that may have an impact on how you send and receive funds.
Need help?
Visit our International department at Maseru branch or your nearest Nedbank Lesotho branch for any questions, or to request assistance with your SWIFT payment.
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Switch to Nedbank, hassle-free. To open an account online, simply click below and follow the steps provided to complete an application for a Nedbank account.