Closing an account FNB

R

Rolokion

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Hi
I am trying to settle and close an FNB revolving loan account via online banking and receive annoying error not data received from request. Has anyone faced this issue. I prefer not having to go into a branch.
 
Rolokion said:
Hi
I am trying to settle and close an FNB revolving loan account via online banking and receive annoying error not data received from request. Has anyone faced this issue. I prefer not having to go into a branch.
Click to expand...

Try on the app?
 
Rolokion said:
Hi
I am trying to settle and close an FNB revolving loan account via online banking and receive annoying error not data received from request. Has anyone faced this issue. I prefer not having to go into a branch.
Click to expand...
Its unlikely to get done online just go into a branch
 
No luck with app as well. It seems branch is the best bet. I am sure their first question will be have you tried closing the acc using the app or internet banking. Anycase thanks for feed back
 
For loans you need to get a settlement quote specifically from the bank. (This negates some of the interest)
This quote is only valid for 5 days typically.
I would not try do this via the APP. You might end up paying off your R100k loan with R100k, then still owing them R180,000 if it was not SPECIFICALLY a settlement quote.
 
Was a client of FNB for...17 years? Did everything online and didn't set foot in a branch in almost a decade.

They pushed branchlessness onto us and I embraced it.

Then when I wanted to close my account I had to go to a branch. It's been 15 months and I'm still upset about it.

I hope they burn in hell.
 
Also have a revolving loan account that I opened about 8 years back. Fully paid off with a zero balance and it just sits there cannot close it.
 
backstreetboy said:
Lol he moved on to Discovery Bank. Poor soul. Out of the frying pan straight into the fire.
Click to expand...

I doubt that Discovery Bank will do him any better. I totally get his points though, and I have highlighted similar issues here on these threads only to be told otherwise. Maybe they treat some people better than others.
 
I love FNB. They looked after me over the last 2 years when things have gone to pot.
Payments to loans covered by the insurance they so "cleverly" add for an extra fee.
Debt restructured to take the pressure off me, and interest charged at a 'slightly' higher rate for the priviledge.

And then get handed over to a Collection Agency for the smallest loan that I have for missing a handful of payments, that weren't paid by the insurance (ofcourse, they never coimmunicate when the cover ends, but that just silly me expecting a heads up...).

Busy paying everything off as quickly as possible and closing all accounts bar my Cheque account (it's registered with SARS) with NO overdraft & my Credit Card (as a savings account, no credit on straight and budget set to my biggest co-payment/excess).

At Discovery at the moment and quite happy. Will keep these 2 as my banking options but will rather invest than keep large sums with either of them.
 
Fulcrum29 said:
I doubt that Discovery Bank will do him any better. I totally get his points though, and I have highlighted similar issues here on these threads only to be told otherwise. Maybe they treat some people better than others.
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It’s actually pretty decent. Better than FNB tbh. Only still with FNB as many a Carbonite use it and GeoPay makes things easier
 
Could any one advise, how to effectively deal with an FNB revolving loan? The temptation of seeing money in account and withdraw, forever being in a perpertual cycle of debt and years of repayments.
 
xhaos99 said:
Could any one advise, how to effectively deal with an FNB revolving loan? The temptation of seeing money in account and withdraw, forever being in a perpertual cycle of debt and years of repayments.
Click to expand...

Hide the account and pay it off? Revolving loans are dangerous for this reason
 
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