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

[ABU]

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.

R40 is the Pay-As-You-Use fee, R145 is the Unlimited Option fee, while "free" is the Fee Saver fee.

Here is the message from FNB:

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 Fee Saver pricing option which, on condition of you keeping a minimum balance of R9 000 in your account at all times, will afford you the following monthly benefits:
• Pay No monthly account fee
• Enjoy unlimited qualifying electronic transactions which include:
o Card purchases
o Debit Orders
o Cash withdrawal at retailers (Cash@Till™)
o Electronic payments and transfers
• 4 Free FNB ATM cash withdrawals
• A combination of 3 Free branch and cheque transactions (excluding all cash and cheque deposits).

Please note, should your balance drop below R9 000 at anytime during the month, you will be charged the Pay-As-You-Use pricing option fees for the entire month, as detailed in the tables that follow, as well as the Pay-As-You-Use Monthly Account Fee.

 

[piranha786]

good bye fnb, if they do away with the fee saver option.

 

[air]

good bye fnb, if they do away with the fee saver option.

for existing FeeSaver 'memebers', no. Go check via the above route.

Has anybody seen an update to eBucks for Cheque Accounts and how Reward Points are going to be 'earned'?

cheers
air

 

[Garson007]

Has anybody seen an update to eBucks for Cheque Accounts and how Reward Points are going to be 'earned'?

cheers
air

Doubt it is changing.

 

[Ecco]

Received confirmation from FNB that if you were an existing Fee Saver option customer, you are fine and will will not have to pay a monthly fee, provided you maintain the R9k balance in the account at all times.

 

[peeryus]

Gotta love fee saver! What was the previous arrangement if the balance dropped below R9000? Wasn't it also that Pay-As-You-Use pricing option fees would be charged?

 

[lucifir]

Received confirmation from FNB that if you were an existing Fee Saver option customer, you are fine and will will not have to pay a monthly fee, provided you maintain the R9k balance in the account at all times.

thanks for the update.
Just curios what would happen if you dropped below the minimum?? Are you then excluded from the club??

 

[sjm]

for existing FeeSaver 'memebers', no. Go check via the above route.

Has anybody seen an update to eBucks for Cheque Accounts and how Reward Points are going to be 'earned'?

cheers
air

This is coming later on this year, not now. Still have a few months on the current rules.

 

[air]

Strange, Private Bank and Private Clients are changing on 01JUL14, would not expect the others to be different.

 

[SYNERGY]

Gotta love fee saver! What was the previous arrangement if the balance dropped below R9000? Wasn't it also that Pay-As-You-Use pricing option fees would be charged?

Yup.

So Fee saver is staying for existing clients

 

[piranha786]

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 ?

This happen almost every time.

 

[FlashSA]

If they dropped the fee saver I would be miffed! They can kiss the 10grand I have in my cheque account goodbye - I will move it into my bond and downgrade my platinum account to a basic savings account.

Cash at till can be frustrating as has been mentioned. The tellers become quite possessive over the cash in their tills and I often feel myself in a "begging for a loan" scenario.

 

[FlashSA]

Just got a reply from RBJacobs on twitter confirming that the fee saver option remains only for those already on it.

 

[HavocXphere]

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.

I've heard that complaint from others before. Cashiers shouting across the room that they need X ZAR for cash withdrawal...fckin idiots. Some people I know have started approaching the *store manager* telling him that they'll be at till number Y withdrawing Z amount...please make sure they are ready in 5 minutes. Honestly I'll rather go to an ATM than try to deal with that...

 

[sjm]

Strange, Private Bank and Private Clients are changing on 01JUL14, would not expect the others to be different.

Last year Private Bank & Private Clients also changed earlier than the rest

 

[air]

Last year Private Bank & Private Clients also changed earlier than the rest

thanks for that! Quite happy to chug along as normal, doing quite nicely with current rule set

 

[Garson007]

Why do you guys draw R1000 every time you're at a till? At a time? Drug deals?

 

[biena]

Received confirmation from FNB that if you were an existing Fee Saver option customer, you are fine and will will not have to pay a monthly fee, provided you maintain the R9k balance in the account at all times.

Wonder how long this is going to last, does seem as if FNB is going to do away with the fee saver at some point

Why do you guys draw R1000 every time you're at a till? At a time? Drug deals?

Strippers