FNB Fusion

Kevvie

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Joined
Sep 12, 2011
Messages
124
So I walk into FNB to change my email address, and the consultant immediately asked me if I would like to convert to Fusion it's a better account and whot not. In the end I converted. However, he said when I receive my salary I should move it out completely out of the fusion account - and within 30 days move it back. I don't understand why. They will charge interest on a negative balance if I move all the money out. Or do I understand this wrong? :unsure:
 

walterl

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Oct 19, 2006
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1,508
I have a FNB Fusion account and I have no idea what you or the consultant are talking about.
 

Snyper564

Executive Member
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Oct 1, 2008
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8,680
Really didn't like the concept at all.... I'll keep my accounts separate thank you.
 

Speedster

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May 2, 2006
Messages
13,454
So I walk into FNB to change my email address, and the consultant immediately asked me if I would like to convert to Fusion it's a better account and whot not. In the end I converted. However, he said when I receive my salary I should move it out completely out of the fusion account - and within 30 days move it back. I don't understand why. They will charge interest on a negative balance if I move all the money out. Or do I understand this wrong? :unsure:
They shouldn't charge interest for the interest free period - something like 30 days
 

SauRoNZA

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Joined
Jul 6, 2010
Messages
39,818
So I walk into FNB to change my email address, and the consultant immediately asked me if I would like to convert to Fusion it's a better account and whot not. In the end I converted. However, he said when I receive my salary I should move it out completely out of the fusion account - and within 30 days move it back. I don't understand why. They will charge interest on a negative balance if I move all the money out. Or do I understand this wrong? :unsure:

Consultant is an idiot.

Disregard and move along.
 

newby_investor

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Aug 8, 2018
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3,810
The 30-days interest free doesn't seem to work properly, so my MO on fusion is normally this:

1. Get paid on the 25th, move entire positive balance to savings pocket.
2. Top-up fusion account from savings pocket as I spend.
3. When the first comes, let the balance go below -1000 for ebucks.
4. Repeat 2. until payday.

Works for me, keeps the interest to less than R5 every month. I've asked FNB for clarification on this but just given up eventually.
 

Kevvie

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Joined
Sep 12, 2011
Messages
124
Thanks all for the info and comments. I think what his main purpose was to get my ebucks level up. What is didn't understand was to move my salary out and let all my debits and spending go off and then at the end only transfer back money that was used. Ek weet nie. :confused:
 

Kevvie

Well-Known Member
Joined
Sep 12, 2011
Messages
124
The 30-days interest free doesn't seem to work properly, so my MO on fusion is normally this:

1. Get paid on the 25th, move entire positive balance to savings pocket.
2. Top-up fusion account from savings pocket as I spend.
3. When the first comes, let the balance go below -1000 for ebucks.
4. Repeat 2. until payday.

Works for me, keeps the interest to less than R5 every month. I've asked FNB for clarification on this but just given up eventually.
Aha, that makes a lot more sense. However when you transfer money out of the savings pocket there is service fees. Clever those guys.
 

eg2505

Honorary Master
Joined
Mar 12, 2008
Messages
23,850
saw this listed on my ebucks, says not held in my case,

is it worth going into to get more ebucks? or is it just another scam to get people to spend more than they earn?
 

Snyper564

Executive Member
Joined
Oct 1, 2008
Messages
8,680
saw this listed on my ebucks, says not held in my case,

is it worth going into to get more ebucks? or is it just another scam to get people to spend more than they earn?
If you on T5 don't do anything if not you could def earn more!
 

Kevvie

Well-Known Member
Joined
Sep 12, 2011
Messages
124
If you save your ebucks then yes it's a benefit if you get to level 5.
 

Kevvie

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Joined
Sep 12, 2011
Messages
124
What do you think FNB get's out of the deal to convert as many customers as they can to Fusion?
 

Se@n

Senior Member
Joined
Sep 30, 2013
Messages
913
What do you think FNB get's out of the deal to convert as many customers as they can to Fusion?

The fusion card is considered a credit card at POS - therefore higher revenue to the bank per rand swiped than a Cheque card. The bank hates Cheque / Debit cards and would like them abolished.
 

Kevvie

Well-Known Member
Joined
Sep 12, 2011
Messages
124
The fusion card is considered a credit card at POS - therefore higher revenue to the bank per rand swiped than a Cheque card. The bank hates Cheque / Debit cards and would like them abolished.
sounds just about right - what does tick me is that when buying online my fusion card is not accepted as payment, which then I have to revert back to original credit card.
 
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