FNB Platinum

ambroseg1 said:
If so, why did DK@MyBroadband keep moving up when he thought its just a status symbol?
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iirc, there is a maximum amount you can earn on platinum and they move you to private if you go over that amount.
 
ghostR said:
iirc, there is a maximum amount you can earn on platinum and they move you to private if you go over that amount.
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Wait. A bank moves you to a higher package without your consent??
 
Mike Hoxbig said:
Nope, you can choose if you want to be moved...
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This is also how I understand it. You can qualify for the highest most expensive package they have. And CHOOSE to be on the dirt cheap poverty spec one.
 
ambroseg1 said:
This is also how I understand it. You can qualify for the highest most expensive package they have. And CHOOSE to be on the dirt cheap poverty spec one.
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Yea, just visited fnb's website, seems things have changed since I was last on there

Last time I checked fnb's highest account type was private and anything higher than that was done through RMB like wealth.
 
Nerfherder said:
Happens all the time.

When I was a student they (SB) moved me off their cheap student account to their entry level account, basically because I was earning too much.
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Yeah but that was a student account, meant for students. It's the same with pensioner accounts.

There's no limitations on any of the 'normal' accounts, other than earning criteria. You're not forced to move from one to the other...
 
Mike Hoxbig said:
Yeah but that was a student account, meant for students. It's the same with pensioner accounts.

There's no limitations on any of the 'normal' accounts, other than earning criteria. You're not forced to move from one to the other...
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They will try move you if you no longer meet the criteria, the criteria being they are making money off you
 
Nerfherder said:
They will try move you if you no longer meet the criteria, the criteria being they are making money off you
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Well, any of the normal cheque accounts based soley on income criteria to qualify does not allow them to forcibly move you. As long as you meet the minimum criteria, they cannot move you because you meet some imaginary maximum criteria.
 
Nerfherder said:
They will try move you if you no longer meet the criteria, the criteria being they are making money off you
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Nah, student and pensioner accounts are the exception. If you don't meet the earning criteria on 'normal' accounts, you obviously can't move up. But if you do, you won't be forced to move up, and you can even choose to move down if you wish...
 
ambroseg1 said:
Well, any of the normal cheque accounts based soley on income criteria to qualify does not allow them to forcibly move you. As long as you meet the minimum criteria, they cannot move you because you meet some imaginary maximum criteria.
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You will be surprised what they just do
 
Nerfherder said:
You will be surprised what they just do
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It has never happened to me. I am on the lowest possible package. Yet qualify for the highest package. By choice.

Will have to take your word for it. That said, I wouldn't put it past an SA bank to do something underhanded like this.
 
I'm on the platinum bundle and have absolutely not issues with it.

My bank fees are R200pm and I earn up to R500 back in ebucks with minimal effort.

The private banker thing that everyone complains about has also served me well.
When I need something changed or have questions, I just login and send them a message.
Also I have never had to wait for a consultant when calling the dedicated call center.
 
ambroseg1 said:
It has never happened to me. I am on the lowest possible package. Yet qualify for the highest package. By choice.

Will have to take your word for it. That said, I wouldn't put it past an SA bank to do something underhanded like this.
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I just got "upgraded" by ABSA. There's no cost implications from what they tell me and you get more benefits so if that's the case then I agree with automatically being upgraded - although I'd prefer for the benefits to be simply added, not my status change - but was by sms.
 
Funny enough to. At FNB there is FNB premium, FNB Private clients and FNB wealth. THEN there is RMB private bank and within us is RMB private bank and private wealth and merchants. The brand itself attempt to service different segments of the market. Very simply I am afraid you are mistaken, but acceptably that is the market perception. Remember as much as FNB and RMB are part of First rand group .We are two banks seperate from one another and different branding, strategies and market perceptions and requirements
 
Greg C said:
Funny enough to. At FNB there is FNB premium, FNB Private clients and FNB wealth. THEN there is RMB private bank and within us is RMB private bank and private wealth and merchants. The brand itself attempt to service different segments of the market. Very simply I am afraid you are mistaken, but acceptably that is the market perception. Remember as much as FNB and RMB are part of First rand group .We are two banks seperate from one another and different branding, strategies and market perceptions and requirements
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Always found FRG's federated model weird, separate companies owned by the same group but working independently from one another on a infrastructure level. You think FRG would keep the brands RMB, Westbank... but force them where possibly to share resources with the bigger brother FNB. Surely that will help with bringing down those ridiculous bank charges by not having to spend hundreds of millions on infrastructure and outsource contracts. My guess FRG will be next in line after Standard and ABSA to 'restructure' or face extinction from the likes of Capitec who's streamlined product offerings require minimal resources to maintain allowing for amazing banking charges...
 
A good question however with a slight negative undertone. None the less your basic point is not unheard but extremely difficult and different IF YOU ARE IN THE POSITION. Its easy to say to everyone share the resources but its abit like saying to Absa share your resources with ONE insurance. They are seperate, the relationships, marketing and other issues seperate it completely. Ill challenge you to a daily question we get. Without using a just share resources answer

Scenario: Client is banking with First rand Group. He is with the FNB Wealth segment. But he aligns himself (more ego than anything else) with RMB. Do you tell him to go to RMB? Do you try to retain him as FNB wealth - keep in mind 2 things that are the challenge putting yourself in the show? The offering is slightly different with specific products but not so significant to move. 2 FNB will lose income on the client but RMB will gain as seperate entities but as the FRG it makes no difference. What do you do?

But you are right the structures are crazy.
 
Rmb private bank is just a rebrand of fnb private wealth last I heard. Both fall under fnb wealth organizationally?
 
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