supersunbird
Honorary Master
Don't forget free internet banking (except for once off fee) hehehe
-
Join the MyBroadband community
South Africa’s biggest forum. Discuss, discover, and connect with thousands of members.
-
Question of the Day: How do you normally pay for purchases in stores?
FNB Bank charges
- Thread starter freeek
- Start date
Don't forget free internet banking (except for once off fee) hehehe
gregmcc
Honorary Master
I'm with FNB and don't pay any service fees. I'm on that thing where if you have a certain amount in your account you don't get any interest on your money, but you also then don't get changed any service fees.
ld13
Honorary Master
Indeed!
R21.95 vs R00.00 Internet Banking monthly fee
Only R145.00 Once-off fee for security dongle @ Capitec to access internet banking.
So from month 7 onwards you score with Capitec re: internet banking alone.
RustyPrincess
Expert Member
I just changed to that option, but when I look at my account online there are service fees next to each transaction. Is this normal, or did the retard at the bank not put me on the right pricing plan? The charges have not been deducted as of yet, but I want to know if they will be at the end of the month or if they are just there in case I drop below the R8000 limit.
Please can someone explain how it works... I havn't dropped below the required balance and havn't made more than 35 transactions.
Thanks in advance
I have used each of the big four and ended up sticking with FNB. When I considered moving to another bank last year I compared prices and FNB easily came out the cheapest overall.
It's been a while since I checked out Nedbank's internet banking site, but at the time it seemed to be years behind the other three.
Yes. You will get a service fee waiver at the end of the month.
Last edited:
P
Picard
Guest
I thought the idea of banks was that they use your money to make money and that they should just be happy to have your money in the first place.
Nowadays you are the one that should be grateful that there is something like a bank and with that in mind banks can do what they want.
A friend who lives in Belgium says they hardly pay any bank fees at all. Nowhere near they amounts we pay here in South Africa.
Nowadays you are the one that should be grateful that there is something like a bank and with that in mind banks can do what they want.
A friend who lives in Belgium says they hardly pay any bank fees at all. Nowhere near they amounts we pay here in South Africa.
If they're anything like the UK then this was not always the case. The type of market, the relative wealth of the public, must also make a difference.
I don't pay bank fees for a lot of things ,for instance I can withdraw my money from any machine for free, I do my internet banking for free, I can transfer my money to ther banks for free. It's when your finances start going t1ts up that the banks start nailing you. For instance if a direct debit get's bounced it could cost anthing up to £40 if you over draw on your account even by £1 they start charging you £6 a day until you go back into a positive balance.
They ALWAYS make their money back and more somehow...
If I had a choice I'd keep my savins under my mattress, I have a big dislike of modern day banks...
Ou grote
Honorary Master
I think our banks have to spend more money on security than others in Europe.
They get robbed more often, ATM's get blown up, cash in transit heists, armed robbery, online theft... etc.
A bank like P n Pay, Capitec or Virgin money which does most of its business online and don't have to move cash, can afford to charge lower fees.
I dont know if this is news to everyone but me but when I went to FNB today to make a cash deposit I was informed by the teller that if I did it via the ATM there would be no charges (cash deposit fee, etc).
davemc
Executive Member
Depositing cash into an ATM is a bit like giving your money to an ostrich.
Why would you want to give money to an ostrich?
It's an in-branch ATM and all the counting is supervised. What's the risk?
davemc
Executive Member
Forget about the risk, what is your recourse?
You : Yes judge, I really did put R2000 into the envelope.
Bank : The envelope was empty.
Forgetaboutit.
EDIT: WAAAAAAAIT! What do you mean "All the counting is supervised?"
You : Yes judge, I really did put R2000 into the envelope.
Bank : The envelope was empty.
Forgetaboutit.
EDIT: WAAAAAAAIT! What do you mean "All the counting is supervised?"
Bank Charges
Bank Charges are the highest for Cash Deposits - it is considered a huge risk - you are putting the Bank into - so they charge you plenty extra.They have to contract some one like Coin Security & pay them + insurance, it never ends!
While they say Cash is King - not in the Banking Sector - actually a huge pain in the ars@!
However just thinking now as I write - what is the Bank's excuse for huge cheque charges? Hmmm! nothing!
Just Plain Greed then!
Bank Charges are the highest for Cash Deposits - it is considered a huge risk - you are putting the Bank into - so they charge you plenty extra.They have to contract some one like Coin Security & pay them + insurance, it never ends!
While they say Cash is King - not in the Banking Sector - actually a huge pain in the ars@!
However just thinking now as I write - what is the Bank's excuse for huge cheque charges? Hmmm! nothing!
Just Plain Greed then!
The envelopes are opened with two cashiers present who verify the amount you entered via the keypad coincides with the amount in the envelope. I think as a test next time I'll put a little too much in the envelope and see what happens.
BTW - what recourse would you have if an ATM short-changed you during a withdrawal?
Which is why I was so surprised to learn there was no charge when done via the ATM. IIRC the cashier who informed me of this said the fee for a cash deposit was r12 + a percentage.Bank Charges are the highest for Cash Deposits - it is considered a huge risk - you are putting the Bank into - so they charge you plenty extra.They have to contract some one like Coin Security & pay them + insurance, it never ends!
While they say Cash is King - not in the Banking Sector - actually a huge pain in the ars@!
However just thinking now as I write - what is the Bank's excuse for huge cheque charges? Hmmm! nothing!
Just Plain Greed then!
Ou grote
Honorary Master
I was charged R45 for a R195 000 cheque at ABSA.
(From my account, was at an ABSA teller)
(From my account, was at an ABSA teller)
this is the funniest thing i've seen on the inernet
davemc
Executive Member
*bow*
