FNB Annual Offering/Price Changes (01JUL14 to 30JUN15)

[Ecco]

Minimum Cash Deposit fee
(2011) - R18.85
(2012) - R30
(2014) - R43

Crazy increases!

They trying to limit the amount of cash they need to handle and also keep people out the branches

 

[SeRpEnT]

What is the fee saver option that everybody is talking about?

 

[Tinuva]

Lets be honest, how many times do you actually need to go deposit cash at a branch? Unless you get paid wages in cash, which is not most people out there, unless I am sadly mistaken?

 

[lucifir]

Minimum Cash Deposit fee
(2011) - R18.85
(2012) - R30
(2014) - R43

Crazy increases!

and then they wonder why they have such a large unbanked population

 

[Rocco1]

Damn, will have to look into capitec if the fee saver option is canceled....

Fee saver, means you pay zero banking fees - Serpent... if you keep 9K in your bank account at all times... and less that 5 cash withdrawals and 35 transactions pm

 

[pulling wire]

No, it means that you get 10% of the cash value. So R100 petrol would earn you 100 Ebucks = R10.

Ok. Thanks for clearing that up for me!

 

[Tinuva]

Silly question, but those of you who are currently on the "fee saver option" actually logged into online banking to check the news specific to your account there for the price changes? When you do that, it actually gives you updates on the price changes, based on the account and fee option you are currently on.

1. go to fnb dot co dot za
2. Log in
3. Click News top left corner if you clicked somewhere else
4. Click Menu top left
5. Click Pricing/Rewards letter
6. Click Pricing next to the account on which you use the fee saver option

It will download a zip file, with a folder/file structure made up of your account number and stuff. In there is a pdf generated according to new price changes and your account type and fee options. It will make it very clear whether this option has changed or not, and what pricing on it changes.

It will say something along the lines of:
"Please be advised that the fees on your FNB Personal Cheque Account have been revised, and will be effective from
1 July 2014. You are currently on the Unlimited pricing option, which offers you unlimited qualifying electronic
transactions, for a fixed monthly fee. Unlimited qualifying electronic transactions include:"

 

[Wide]

Previously unlimited FNB ATM withdrawals were free (days when Steve was marketing)
last year was cut to 8 free
Now cut to 4

Do you have any idea how difficult (and embarrasing) it is to withdraw cash from a till point, especially in the mornings when the tills are empty!!

Bring back Steve please

 

[Tinuva]

Previously unlimited FNB ATM withdrawals were free (days when Steve was marketing)
last year was cut to 8 free
Now cut to 4

Do you have any idea how difficult (and embarrasing) it is to withdraw cash from a till point, especially in the mornings when the tills are empty!!

Bring back Steve please

ROFL.

But honestly. It is not embarrassing. I draw money from the till on a monthly basis, purely for the ebucks points and it is just fine. Actually it is safer IMHO than using an ATM.

 

[ichigo]

Minimum Cash Deposit fee
(2011) - R18.85
(2012) - R30
(2014) - R43

Crazy increases!

Is that per R100 or R1000 cause Capitec is R1 approximately per R100.

Lets be honest, how many times do you actually need to go deposit cash at a branch? Unless you get paid wages in cash, which is not most people out there, unless I am sadly mistaken?

Dont forget SASSA card payments or if you work at home and receive cash from clients.

 

[Ecco]

Silly question, but those of you who are currently on the "fee saver option" actually logged into online banking to check the news specific to your account there for the price changes? When you do that, it actually gives you updates on the price changes, based on the account and fee option you are currently on.

1. go to fnb dot co dot za
2. Log in
3. Click News top left corner if you clicked somewhere else
4. Click Menu top left
5. Click Pricing/Rewards letter
6. Click Pricing next to the account on which you use the fee saver option

It will download a zip file, with a folder/file structure made up of your account number and stuff. In there is a pdf generated according to new price changes and your account type and fee options. It will make it very clear whether this option has changed or not, and what pricing on it changes.

It will say something along the lines of:
"Please be advised that the fees on your FNB Personal Cheque Account have been revised, and will be effective from
1 July 2014. You are currently on the Unlimited pricing option, which offers you unlimited qualifying electronic
transactions, for a fixed monthly fee. Unlimited qualifying electronic transactions include:"

I did that and it still talks to the fee saver option. But in this document the fee is listed at R40, not the R140 as on the normal unlimited pricing. But at the top of the document is says the account is free. A bit confused. But i have sent a note to the premier banker.

 

[Nerfherder]

Hi
Found here -> https://www.fnb.co.za/downloads/pricing-guide/Personal_Pricing.pdf

looks like they have done away with the 9K FeeSaver option- still waiting for the eBucks changes (Private Client has already been updated)

cheers
air

My MIL is going to flip... we got her that account on the premise that she would be able to keep 9k balance and have no fees.

 

[Wide]

ROFL.

But honestly. It is not embarrassing. I draw money from the till on a monthly basis, purely for the ebucks points and it is just fine. Actually it is safer IMHO than using an ATM.

The embarrassing part is when you ask the cashier for a R1000 cash and she says "R1000- haibo I dont have so much" then she tells you to wait for the supervisor to open the till and check how much she has. She counts everything in the air 3 times infront of you and all the shoppers who are waiting in queue. Rest assured when you walk out- everyone in that queue knows exactly how much you have in your wallet How is this safer ?

 

[ichigo]

The embarrassing part is when you ask the cashier for a R1000 cash and she says "R1000- haibo I dont have so much" then she tells you to wait for the supervisor to open the till and check how much she has. She counts everything in the air 3 times infront of you and all the shoppers who are waiting in queue. Rest assured when you walk out- everyone in that queue knows exactly how much you have in your wallet How is this safer ?

Ones who help me don't do that they discreet about it and have plenty of cash at the cigarette counter.

 

[Tinuva]

The embarrassing part is when you ask the cashier for a R1000 cash and she says "R1000- haibo I dont have so much" then she tells you to wait for the supervisor to open the till and check how much she has. She counts everything in the air 3 times infront of you and all the shoppers who are waiting in queue. Rest assured when you walk out- everyone in that queue knows exactly how much you have in your wallet How is this safer ?

ROFL. Ok I see your point. That hasn't happened to me yet. Then again I don't draw that much at a time, and when I do, I just go from cashier to cashier and draw it in parts. Also the PnP at Willowbridge rarely have a queue at the tills, so not an issue there, but I can see it could be if there were queues.

 

[Garson007]

I draw R50 at the till once a month. Only when I need cash do I draw more. I don't carry much cash.

 

[ichigo]

I draw R50 at the till once a month. Only when I need cash do I draw more. I don't carry much cash.

I don't also its only to move my Sassa money (R1350) to my Capitec card so I can purchase online .

 

[ABU]

Silly question, but those of you who are currently on the "fee saver option" actually logged into online banking to check the news specific to your account there for the price changes? When you do that, it actually gives you updates on the price changes, based on the account and fee option you are currently on.

1. go to fnb dot co dot za
2. Log in
3. Click News top left corner if you clicked somewhere else
4. Click Menu top left
5. Click Pricing/Rewards letter
6. Click Pricing next to the account on which you use the fee saver option

It will download a zip file, with a folder/file structure made up of your account number and stuff. In there is a pdf generated according to new price changes and your account type and fee options. It will make it very clear whether this option has changed or not, and what pricing on it changes.

It will say something along the lines of:
"Please be advised that the fees on your FNB Personal Cheque Account have been revised, and will be effective from
1 July 2014. You are currently on the Unlimited pricing option, which offers you unlimited qualifying electronic
transactions, for a fixed monthly fee. Unlimited qualifying electronic transactions include:"

Thanks.
On my account this shows that the fee-saver option is still present.

 

[Tinuva]

Thanks.
On my account this shows that the fee-saver option is still present.

Pleasure. At least that answers that question.

 

[air]

cheers for that Tinuva! So it seems they have closed the door on 'new' people signing up for this option.
Please feedback Ecco, not sure if a typo, or an additional charge.