FNB becoming expensive?

[rodga]

Capitec has quietly (very quietly) changed their interest rate to 5% a while ago - the scheming bastards

im sure its been moving with interest rate cuts?

[^^vampire^^]

im sure its been moving with interest rate cuts?

Nope, they changed it months ago and people are still under the impression they are getting 6% instead of 5%.

[supersunbird]

Nope, they changed it months ago and people are still under the impression they are getting 6% instead of 5%.

If they dont pay attension its their fault...

[Paul_S]

Nope, they changed it months ago and people are still under the impression they are getting 6% instead of 5%.

It used to be 8% IIRC but is steadily declining.

[Chevron]

Hi There,

About 2 years ago I was faced with paying too much bank fees per month at a national retail bank, and had to find an alternative that works out cheaper.

I moved to FNB after finding that they are(2010) currently the cheapest.

I am now once again faced with more expensive bank fees(I think they try to win your business, then hike up charges). My problem is: They allowed 4 free ATM envelope deposits per month, now they give no deposits for free. They now charge 0.70%, min R5.50 for an ATM deposit, and 1.35% min R20.00 per branch deposit. Is this over expensive or am I complaining too much?

Regards

Capitec is currently your best bet for cheap banking.

[eehellfire]

It used to be 8% IIRC but is steadily declining.

Actually it started off at 10%

[beans100]

I n 2010 I was with ABSA, my banking fees was +/- R400 per month. I moved over to FNB that year, now on +/- R90 per month.
I also feel they are pushing the limits with the increase to banking fees, but they are still cheaper than my previous option.

[Bluray]

Pffft,FNB,Standard bank,Absa blah blah blah.
It's all the same damn banking money reeping scheme propaganda.
My secret is Capitec Bank.It's all so simple.I don't even need to explain.
You will not be disappointed.

+1, Been with Capitec since inception and saving a lot with them.

[ViperGTI]

I just got screwed.
Apparently, eBucks earnings for cheque account holders are now also capped the same as with credit cards (earnings on maximum of R20k spend). I only got 60% of the eBucks I should have gotten this month.

Bastards.

All they said that FNB makes the rules and that it was communicated to us. I checked my communications and their website and pricing guide... nada

Sad thing is, even with this crap and how much they piss me off, I'll probably still stay with them because no other bank is going to pay me between R400-R900 a month to bank with them.

[^^vampire^^]

They charged me R49.50 for a statement. Hating them more and more everyday the useless twats

[Paul_S]

They charged me R49.50 for a statement. Hating them more and more everyday the useless twats

I read the pricing guide very carefully before I moved to FNB.
So far I haven't experienced any surprise service fees.
I pay R79 per month for the Smart Cheque account and that covers everything I need.
Loyalty programs are usually a waste of time - I never bothered signing up with eBucks.

[ViperGTI]

Loyalty programs are usually a waste of time - I never bothered signing up with eBucks.

Normally I would agree with you, but eBucks really was the exception (ok, I suppose it still kinda is, even though they piss me off). eBucks can basically be used anywhere and at the refund rate of 2.5% for purchases / 15% for fuel, you basically make your bank charges back in eBucks with less than 2 tanks of petrol. I bought a PS3 console a couple of months back and next month I'll be buying a home theatre system, all with ebucks.

[^^vampire^^]

Normally I would agree with you, but eBucks really was the exception (ok, I suppose it still kinda is, even though they piss me off). eBucks can basically be used anywhere and at the refund rate of 2.5% for purchases / 15% for fuel, you basically make your bank charges back in eBucks with less than 2 tanks of petrol. I bought a PS3 console a couple of months back and next month I'll be buying a home theatre system, all with ebucks.

I'd love for you to elaborate on this - unless your normal mode of transport is a Boeing 747 I can't really believe this. I fill up once a week and swipe a few thousand on my platinum card and I make about 60 ebucks a month.

[Ecco]

FNB have the same option with a min balance of R9K

Yup, because of this I now bank for free with FNB. Infact with the fuel rewards, ebucks etc they are paying me to bank with them.

[rorz0r]

Your earn rate on fuel increases the more you spend, so yes if you already spend a whole lot you can make your charges back on 2 tanks of fuel