FNB Easy Account VS Capitec Global One

cavedog

cavedog

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So fees wise they are pretty close if you ask me.

FNB R4.95 PAYU per month .
Capitec R5.25 PAYU per month.

FNB has easy rewards. Level 3 give you R20 back a month and you just need to use the app once, deposit R1000 a month or more and have R1500 in a linked saving pocket.

Capitec has no rewards but has pretty decent fees.

Capitec charges R8.50 fixed fee at any bank any amount to withdraw. This is pretty big if you ask me. FNB charges R1.85 per R100 can get expensive if you need R5000 cash.....

Capitec charges R1.30 for cash @ till with FNB Cash @ Till is free.

Capitec charges R3.40 per debit order while FNB charges R7.50 per debit order

Capitec charges R1.50 per app payment whil FNB charges R3.50 per app payment



FNB made some changes to their Easy accounts. Before a personalized card was required for online purchases. FNB has now made it that you can do online purchases even if you do not have a personalized card you just need to activate it in online banking.


So I've been with Capitec since 2009 and tried FNB Easy account for a couple of months not changing any of my banking behavior and even with the free R20 a month I'm still paying about R120 per month for charges. With Capitec the charges was about R80-R100 per month.

So what do you guys thing Capitect all the way or FNB took the lead with the easy account? :)
 
Pretty much the same overall, Capitec still better because can use any ATM as your ATM. Don't even want to know what FNB will charge for non FNB ATM transactions.

And Capitec doesn't charge for airtime recharges.

And I have 10 debit orders, so Capitec much cheaper there.
 
supersunbird said:
Pretty much the same overall, Capitec still better because can use any ATM as your ATM. Don't even want to know what FNB will charge for non FNB ATM transactions.

And Capitec doesn't charge for airtime recharges.

And I have 10 debit orders, so Capitec much cheaper there.
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Yeah I know right. Capitec is cheaper with debit orders. I have 4 and so Capitec is much cheaper with debit orders
 
Why would anyone pay R8.50 to draw cash from an ATM when you could do the same thing at the supermarket cashier with your Capitec card for R1.30?
 
diapason said:
Why would anyone pay R8.50 to draw cash from an ATM when you could do the same thing at the supermarket cashier with your Capitec card for R1.30?
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Why drive almost the difference out when the nearest ATM is walking distance away and the nearest supermarket that can do it is 4km away, so 8km trip? And supermarket hours are 8am to 6am mostly? Whenever I need cash it's outside those hours mostly...
 
diapason said:
Why would anyone pay R8.50 to draw cash from an ATM when you could do the same thing at the supermarket cashier with your Capitec card for R1.30?
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Did you see the queues at PicknPay and Checkers this festive season..... Yeah I only withdraw there if I'm close or doing shopping there. Pep is a bit better. Buy airtime and then cash back or spar
 
cavedog said:
Did you see the queues at PicknPay and Checkers this festive season..... Yeah I only withdraw there if I'm close or doing shopping there. Pep is a bit better. Buy airtime and then cash back or spar
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Use the kiosk.
 
cavedog said:
So fees wise they are pretty close if you ask me.

FNB R4.95 PAYU per month .
Capitec R5.25 PAYU per month.

FNB has easy rewards. Level 3 give you R20 back a month and you just need to use the app once, deposit R1000 a month or more and have R1500 in a linked saving pocket.

Capitec has no rewards but has pretty decent fees.

Capitec charges R8.50 fixed fee at any bank any amount to withdraw. This is pretty big if you ask me. FNB charges R1.85 per R100 can get expensive if you need R5000 cash.....

Capitec charges R1.30 for cash @ till with FNB Cash @ Till is free.

Capitec charges R3.40 per debit order while FNB charges R7.50 per debit order

Capitec charges R1.50 per app payment whil FNB charges R3.50 per app payment



FNB made some changes to their Easy accounts. Before a personalized card was required for online purchases. FNB has now made it that you can do online purchases even if you do not have a personalized card you just need to activate it in online banking.


So I've been with Capitec since 2009 and tried FNB Easy account for a couple of months not changing any of my banking behavior and even with the free R20 a month I'm still paying about R120 per month for charges. With Capitec the charges was about R80-R100 per month.

So what do you guys thing Capitect all the way or FNB took the lead with the easy account? :)
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Dont want to derail but I pay R100 a month for Gold and thats all inclusive. if youre paying that much a month check out the different account options.
 
supersunbird said:
Pretty much the same overall, Capitec still better because can use any ATM as your ATM. Don't even want to know what FNB will charge for non FNB ATM transactions.

And Capitec doesn't charge for airtime recharges.

And I have 10 debit orders, so Capitec much cheaper there.
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Slightly OT but whatever. You get 4 free fnb atm cash withdrawals with a fnb cheque account @R100 p/m, and of course free cash@till. Debit orders and EFT also free. Make it an Islamic cheque account to secure a free eBucks level. Win.
 
Back on topic. I tried both and Capitec still has the better package. But I see Absa has a cheap account that could compete.
 
Singularity1 said:
Plus Capitec pays interest. Does FNB?
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Yup. 5.50% for money in the savings pocket.

Capture.JPG

FNB does free incontact sms messaging, which last I checked, is charged for at Capitec. That was the deciding factor in me choosing FNB over Capitec.

I don't do debit orders or transfers, use my card for everything, only ever draw cash at the supermarket... The R20 rewards pays my bank charges off in full every month, and I get interest on top of that amount. Fair deal, I'd say.
 
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supersunbird said:
Why drive almost the difference out when the nearest ATM is walking distance away and the nearest supermarket that can do it is 4km away, so 8km trip? And supermarket hours are 8am to 6am mostly? Whenever I need cash it's outside those hours mostly...
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Grown-ups used to do this thing called PLANNING. Make sure you have cash on hand for when you NEED it.
 
DA-LION-619 said:
Would I rather deal with Capitec or FNB? Capitec FTW.
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Ok yes, the Capitec branch experience is just lovely. That may be an important consideration for some people. Fnb always makes me feel like they don't give a s#1t
 
Eti1 said:
Ok yes, the Capitec branch experience is just lovely. That may be an important consideration for some people. Fnb always makes me feel like they don't give a s#1t
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Also hardware token for Internet banking.
 
diapason said:
Grown-ups used to do this thing called PLANNING. Make sure you have cash on hand for when you NEED it.
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Oh, so do I keep this cash in my wallet, taking up lots of pocket space?

I know most of my monthly expected cash needs and draw that once at the beginning of month. This is taken out off as needed and at month end is R0.

Still do it at ATM, I don't want some cashier giving my the 1000yard stare when I ask her for cash and they don't have half that amount in their till. In fact, I shop before the busy time, so far advanced is my planning. Even month end I don't stand in a queue because I'm out by 10am.

And my unplanned cash expenses are unplanned, how must I know when a friend will call be up at 7pm on a Friday to go for drinks? I don't want to keep more cash at home.
 
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