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Features and benefits
For your 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 money 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
Receive a SWIFT payment
- Most of the time incoming payment messages come complete with details of payment, and you would be aware that you are receiving money from outside the common monetary area (CMA).
- If the details are not clear, we will notify you as soon as we have received your money.
- In case of the above, you will be required, as prescribed by the Central Bank of Lesotho, to disclose the purpose of the money by completing an integrated form before the money can be released into your Nedbank account.
Please note the following:
- In terms of Exchange Control Regulations 1989 and the Currency and Exchanges Manual for Authorised Dealers 2019, Nedbank Lesotho is required to accept money from outside the CMA in foreign currency, preferably the United States dollar, the euro or the British pound sterling, and not in the South African rand (ZAR).
- The 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 money from a non-CMA country to make sure that the money is transferred in 1 of the above-mentioned currencies mentioned and not in ZAR.
Send a SWIFT payment
- Go to any Nedbank branch to complete a SWIFT application form.
- Fill in the form and submit the necessary documents to avoid delays.
Please note the following:
- Our SWIFT address is NEDLLSMX.
- We can process SWIFT transfers to you only if you are an existing Nedbank accountholder.
Changes to CMA payments
There has been changes to cross-border payment arrangements between the CMA countries, which may have an impact on how you send and receive money.
Need help?
Visit our International Department at the Maseru branch or your nearest Nedbank Lesotho branch for any questions, or to ask for help 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.
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