FNB Private Banking

E

envo

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I know there's several threads on here that asks "is it worth it" but I can't really see any "Platinum vs Private Banking" threads or blog posts detailing what exactly the differences are or why it would be beneficial.

The only reason I am considering going to Private Banking is because I will (once again) be allocated 1 person who takes care of me instead of this "pool of consultants" BS they did with the Platinum users after a while.

I'd also be interested in lower interest rates in my credit cards. FNB gave me something ridiculous like 29% when Virgin Money charges me around 16%

I've been wanting to do a balance transfer and couldn't get that to work because of idiot "pool of consultants"
 
29%... :wtf:

I've got Platinum and my interest rate is more or less 18% if I'm not mistaken. Never had issues with the pool if consultants either, but I use them like once or twice a year.
 
Hamster said:
29%... :wtf:

I've got Platinum and my interest rate is more or less 18% if I'm not mistaken. Never had issues with the pool if consultants either, but I use them like once or twice a year.
Click to expand...

Mine is 12.5%... :p

/runs
 
envo said:
I know there's several threads on here that asks "is it worth it" but I can't really see any "Platinum vs Private Banking" threads or blog posts detailing what exactly the differences are or why it would be beneficial.

The only reason I am considering going to Private Banking is because I will (once again) be allocated 1 person who takes care of me instead of this "pool of consultants" BS they did with the Platinum users after a while.

I'd also be interested in lower interest rates in my credit cards. FNB gave me something ridiculous like 29% when Virgin Money charges me around 16%

I've been wanting to do a balance transfer and couldn't get that to work because of idiot "pool of consultants"
Click to expand...

It's worth it if:
  • You need regular use of a named banker
  • You travel a lot - free entrance to local and international Slow Lounge and free Priority Pass
  • You reach the capping limit for eBucks on Platinum
 
Higher end bank...kinda worth it for a (slight) decrease in annoyance factor.

On the whole I've concluded that banks are a flippin hassle as a rule unless you happen to get a good pvt banker allocated.

Mike Hoxbig said:
Mine is 12.5%... :p

/runs
Click to expand...
8.25%...:p (Not FNB though)
 
15.15% on straight

I see I have the option to "upgrade" to private client as well :wtf:
 
envo said:
I know there's several threads on here that asks "is it worth it" but I can't really see any "Platinum vs Private Banking" threads or blog posts detailing what exactly the differences are or why it would be beneficial.

The only reason I am considering going to Private Banking is because I will (once again) be allocated 1 person who takes care of me instead of this "pool of consultants" BS they did with the Platinum users after a while.

I'd also be interested in lower interest rates in my credit cards. FNB gave me something ridiculous like 29% when Virgin Money charges me around 16%

I've been wanting to do a balance transfer and couldn't get that to work because of idiot "pool of consultants"
Click to expand...

Well worth IMO, you'd be surprised the times you need to phone a consultant to get random documentation and the 24 hour availability is working great for me. Plus the assigned banker seems a lot more knowledgeable/experienced than the Platinum one I had.

No credit card, so I cant offer you a comparison there
 
Pegasus said:
May just be for a Petro card.
Click to expand...

Credit Card.....meh. Paying an extra R200pm for not using the extra slow lounge and not calling the reward banker dude, I dunno. Have other things to worry about like what Pizza I'm ordering tonight :p
 
Thanks. I can always downgrade if I don't get what I want out of my personal banker. I enjoyed having a 1 on 1 with them as they usually sort me out quick. But when it got to the "pool" of Platinum bankers, Peter doesn't know what Paul said/promised.

At the end I was just signing documents to get a credit card and afterwards realized the ridiculous interest rate they put on, which wasn't what was discussed. Nor was my straight or budget the figures. They basically just smeared off a cc on me even though I had very specific intentions behind it and very specific requirements they had to fulfill first.

So if an actual private banker could organize that crap and not BS me, awesome
 
Hamster said:
Credit Card.....meh. Paying an extra R200pm for not using the extra slow lounge and not calling the reward banker dude, I dunno. Have other things to worry about like what Pizza I'm ordering tonight :p
Click to expand...

I live close to the airport, so I can pop in there a few times a month as an "outing" :D
 
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