FNB Global Account Card

BlockingThePass said:
Also any idea what percentage you start earning intrest off?
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Peanuts. Don't use this account if you want interest. Use it if you want to buy forex when the rand is strong, either for travel expenses or to bet against rand collapse.
 
3WA said:
Peanuts. Don't use this account if you want interest. Use it if you want to buy forex when the rand is strong, either for travel expenses or to bet against rand collapse.
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Looooool
I was trying to use it as a stash
 
I'm still trying to figure out a way to open some form of transaction - and hopefully interest bearing - Euro (or dollar) account. That way one can make a payment from the FNB Global account to a standard european bank account
 
Speedster said:
I'm still trying to figure out a way to open some form of transaction - and hopefully interest bearing - Euro (or dollar) account. That way one can make a payment from the FNB Global account to a standard european bank account
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When you find out HMU my G
 
Speedster said:
I'm still trying to figure out a way to open some form of transaction - and hopefully interest bearing - Euro (or dollar) account. That way one can make a payment from the FNB Global account to a standard european bank account
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Look at TransferWise borderless account, which can hold money for you in different currencies indefinitely (no interest though) but just be aware of potential hefty charges if you are transferring to it from your Global Account. I have just opened such an account and tested it by transferring 200 Euros to it at the weekend. FNB charged me R285 for the privilege (taken from my cheque account), which I expected, but only 185 euros arrived at the other end. I called TransferWise and they looked into it, this was their response...

I took a look into your transfer, the reason that there was the 15.00 fee was because you did a swift payment. When you transferred from your bank account in South Africa to our EUR bank account in Estonia, it was an international swift transfer. When you are transferring with swift they change their own fees that we have no control over.

Even though you have a EUR bank account in South Africa, is not apart of SEPA, which makes it an international swift transfer.
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I asked her to look and see if 15 euros was a set fee or a percentage but she never answered that in my email. So depending on the amounts you want to send, depending on the answer to that question, it could be good or bad.
 
My banker even stated that the intrest is low

They don't recommend keeping much funds in it.
 
StrontiumDog said:
@Spizz R285 plus EUR15 in charges, eish that blows man
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Yeah, R285 is the FNB standard charge, but the 15 euros was a sore one. Could be okay if that is a set amount and you are moving a decent amount on, but I'm waiting to hear back from them on that though.
 
Speedster said:
I'm still trying to figure out a way to open some form of transaction - and hopefully interest bearing - Euro (or dollar) account. That way one can make a payment from the FNB Global account to a standard european bank account
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Almost no eur accounts give any interest. My bank of Ireland accounts gives nothing, I think I can open savings accounts which gives about 1% lol
 
Fnb has a Investments that's offshore but the amount their asking is way of what I can afford right now

Any other companies you guys can recommend?

FNB wants 2500$......
 
This thread is the bomb!!! I will be travelling to a European country in 10 days and I have since opened a GA as well as ordered the card. I just hope I receive the card soon so I can enjoy the free lounges :)
 
Can anyone clarify on the annual card fees?
My understanding is that there is no annual card fee if you only have one card and the fee only kicks in for additional currency cards? Asking because I only have a Euro account with a card and I was charged the annual fee.
702325
 
DinoPat said:
Can anyone clarify on the annual card fees?
My understanding is that there is no annual card fee if you only have one card and the fee only kicks in for additional currency cards? Asking because I only have a Euro account with a card and I was charged the annual fee.
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Only on PC and above.

I'm on PC and was not charged the annual card fee. Only when I added another currency was it charged for the second card and not the first one.
 
signates said:
Only on PC and above.

I'm on PC and was not charged the annual card fee. Only when I added another currency was it charged for the second card and not the first one.
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Ok, thanks. I’m on Gold but the wording in the pricing guide is a little misleading though.
 
DinoPat said:
Can anyone clarify on the annual card fees?
My understanding is that there is no annual card fee if you only have one card and the fee only kicks in for additional currency cards? Asking because I only have a Euro account with a card and I was charged the annual fee.
View attachment 702325
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Some feedback...Spoke to someone at Forex. Confirmed that I shouldn’t have been charged as it’s my first currency card. He’s initiating an refund for me.
 
DinoPat said:
Some feedback...Spoke to someone at Forex. Confirmed that I shouldn’t have been charged as it’s my first currency card. He’s initiating an refund for me.
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I'm on Premier, had the card for two weeks and haven't been charged. Looks like the first card is definitely free.
 
DinoPat said:
Some feedback...Spoke to someone at Forex. Confirmed that I shouldn’t have been charged as it’s my first currency card. He’s initiating an refund for me.
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whats the cheapest fnb account to be able to get the free card?
 
I have one of these cards but, apart from the potential ebucks points, don't really see the point
 
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