FNB Fusion

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Kevvie

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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:
 
I have a FNB Fusion account and I have no idea what you or the consultant are talking about.
 
Really didn't like the concept at all.... I'll keep my accounts separate thank you.
 
Kevvie said:
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:
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They shouldn't charge interest for the interest free period - something like 30 days
 
Kevvie said:
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:
Click to expand...

Consultant is an idiot.

Disregard and move along.
 
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.
 
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:
 
newby_investor said:
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.
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Aha, that makes a lot more sense. However when you transfer money out of the savings pocket there is service fees. Clever those guys.
 
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?
 
eg2505 said:
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?
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If you on T5 don't do anything if not you could def earn more!
 
If you save your ebucks then yes it's a benefit if you get to level 5.
 
What do you think FNB get's out of the deal to convert as many customers as they can to Fusion?
 
Kevvie said:
What do you think FNB get's out of the deal to convert as many customers as they can to Fusion?
Click to expand...

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.
 
Se@n said:
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.
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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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