FNB and their fee saver robbery

Good warning, I'm definitely not going to give up my fee saver then. Can't believe it's R100k for private clients. You'd think that someone smart enough to earn and gather that much in cash would realise that keeping cash in a bank account is a useless investment.
 
Just remember capitec charges a mint for debit orders, around R15 a pop, so do fnbs budget check acc. I kept my fnb smart cheque acc to run all my debt orders, also save the hassle of them and I keep the bulk of my funds in capitec for the awesome interest.
 
airborne said:
Just remember capitec charges a mint for debit orders, around R15 a pop, so do fnbs budget check acc. I kept my fnb smart cheque acc to run all my debt orders, also save the hassle of them and I keep the bulk of my funds in capitec for the awesome interest.
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Capitec is R3.20 a debit order. Add 40c if you have turned on sms updates.
 
I don't understand how the fee saver could be saving you more than 10k less debt in your bond?
 
Fudzy said:
I don't understand how the fee saver could be saving you more than 10k less debt in your bond?
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R10k parked in access bond saves R77.50 in interest per month as bond rate is 9.3%

R10k parked in FNB cheque account gave the fee saver which saved about R150a month in bank fees.
 
FlashSA said:
R10k parked in access bond saves R77.50 in interest per month as bond rate is 9.3%

R10k parked in FNB cheque account gave the fee saver which saved about R150a month in bank fees.
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Bank fees? What level cheque account is that? Bronze?
 
SYNERGY said:
FNB is R16.
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On the very entry level accs, could have sworn when I did the maths if I moved all my debt orders from the R89/m fnb all debt orders free acc to capitec the net bank charges would have been about the same either way.

Can anyone confirm the charge per debt order on a capitec one acc?
 
airborne said:
On the very entry level accs, could have sworn when I did the maths if I moved all my debt orders from the R89/m fnb all debt orders free acc to capitec the net bank charges would have been about the same either way.

Can anyone confirm the charge per debt order on a capitec one acc?
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R3.20 per debit order.

The thing is not just the cost of the debit order, but the money you can get back on interest. And also the high security physical dongle.
 
airborne said:
On the very entry level accs, could have sworn when I did the maths if I moved all my debt orders from the R89/m fnb all debt orders free acc to capitec the net bank charges would have been about the same either way.

Can anyone confirm the charge per debt order on a capitec one acc?
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As I have previously stated, Capitec charges R3.20 a debit order. If you have turned on SMS updates, add 40c per debit order.

FNB cheque accounts: R16 per debit order
 
Ok I need to go re-evaluate things, R3,20 is a bargain
 
Fudzy said:
That's why I asked. Are you referring to transaction fees or the fees you are paying for the bank account?
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Monthly account fee on platinum is around R40. Rest of the R150 towards transaction fees. Or, unlimited pricing option is around R140 and includes transaction fees and monthly fee
 
Trying to send that R10k to my access bond. Now I see fnb.co.za and the App are down. Coincidence?! :)
 
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