FNB Private Clients

zerocool2009

zerocool2009

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Hi guys ...

If any of you are on private client package at FNB ...

What perks do you have ?

I got a call to upgrade, but I have doubts that I will benefit from where I now am
 
There is a thread around that discussed the difference between this and platinum banking. In my view, it is a rip off
 
Thanks for the reply. I was previously on "Gold" .... and upgrade due to last years ebucks rules to have both CC and Cheque account on platinum.

I am very happy with platinum, that must I say.

But to upgrade more ? I am not a status person at all. So, if anyone of you guys are a private client ... please share
 
FNB just renamed their accounts so that they can charge you extra for upgrading to something that you previously had.

Old Silver = New gold account
Gold = New platinum
Platinum = New private client
Private Client = New private wealth
 
zerocool2009 said:
Thanks for the reply. I was previously on "Gold" .... and upgrade due to last years ebucks rules to have both CC and Cheque account on platinum.

I am very happy with platinum, that must I say.

But to upgrade more ? I am not a status person at all. So, if anyone of you guys are a private client ... please share
Click to expand...

Named banker - this really helps in someone being accountable for your queries.
Lounge access - if you travel you get access to domestic and international departures SLOW lounges, and can get a Priority Pass card to get into airport lounges in other countries

That's what I've used so far, but there are other benefits that I haven't used yet which I intend to (Avis point-to-point transfers, Take Me Home service)
 
VG008 said:
FNB just renamed their accounts so that they can charge you extra for upgrading to something that you previously had.

Old Silver = New gold account
Gold = New platinum
Platinum = New private client
Private Client = New private wealth
Click to expand...

Mmmm, thanks for that info :)
 
VG008 said:
FNB just renamed their accounts so that they can charge you extra for upgrading to something that you previously had.

Old Silver = New gold account
Gold = New platinum
Platinum = New private client
Private Client = New private wealth
Click to expand...

And that is exactly what happened, people are infatuated with status. FNB is merely capitilising on this, who can blame them? Believe me the clients are in fact happy to pay the premium for the 'black card'
 
Wait till you find out that the personal banker is just as useless ....

I had an issue with FNB ... but assuming I was a real VIP - I called the private clients banker - who I know by name.
Then she went off.

The next lady, not knowing who or what was going on - quite politely told me that I had called for a personal banker by mistake and suggested I sort my issue out myself.

So, is there value in this ..... well not really .. no.

As for the Slow Lounge in SA - never use it. I use the Marhaba lounge in Dubai mainly - and that on a Standard Bank Corporate card.
 
zerocool2009 said:
Hi guys ...

If any of you are on private client package at FNB ...

What perks do you have ?

I got a call to upgrade, but I have doubts that I will benefit from where I now am
Click to expand...

I'm giving it a try. The personal banker has either been helpful or useless. Enquired about debit order switching and was told it would take 3 months else I must go to the bank (Capitec) and ask them to switch. Joke is I want my FNB bond debit order switched to my FNB account and the private banker cannot do it.

The free delivery and extra "free" credit cards is a bonus for me as I don't have time to prick around. All my friends do tell me that Investic is much better but I'm far from qualifying. In all honesty I only qualify for PC because of my good banking behaviour: bond (even though it small but always paid my bond payment); share investment; savings accounts; cheque account in good order and salary going into the cheque account.

For me personally with my current needs and future plans, PC meets my needs. I will tell you in 6 months if its worth or if I've downgraded my account or moved to another bank.
 
F1 Fan said:
There is a thread around that discussed the difference between this and platinum banking. In my view, it is a rip off
Click to expand...

Completely agree. It's a money making scheme.

lsheed_cn said:
You get a useless unhelpful "personal banker".
I'm in it for the lounge access though.
Click to expand...

Personal banker contact diminishes. Contact becomes difficult to get right. Slow lounges locally, I have heard, are now crowded.
 
What I can say ... upgrading is just a status thing in my eyes. I want value for money.

I get refunded R400 a month for banking fees charged, and rewarded R1100 in ebucks.

So in total FNB pays me R1500 a month to bank with them.

I cant see upgrading to PC will ensure I am better off than a R1500 from FNB. I think worse off by far, even dropping a level in eB
 
VG008 said:
FNB just renamed their accounts so that they can charge you extra for upgrading to something that you previously had.

Old Silver = New gold account
Gold = New platinum
Platinum = New private client
Private Client = New private wealth
Click to expand...

You're missing a level. Graphite is now called Private Clients.

In terms of earning requirements, platinum hasn't changed (nor can everyone that was on platinum before be eligible for PC)
 
To be honest, their tiered T&C's are now so confusing, I find it very difficult to tell whether I'm better off on PC or Platinum... and I think that's the whole point.

My interest rates are significantly better on PC, but me fee is slightly higher and my eBucks rewards are about R100 pm less. So, I guess it boils down to what is more important to you.

Thinking long-term, I am sticking with PC in the hope that I will get eligible for better bond terms when buying my first home in the next couple of years. Thinking short term, I would be better off on Platinum. If someone can definitively prove to me that the tier I'm on will make no difference i.t.o. getting a bond, I will downgrade to Platinum ASAP for the eBucks.

In terms of earning requirements: FNB doesn't adhere to their own requirements. Those are made up so that people can feel "special" when they are are offered an upgrade. I am sure that they would allow anyone on Platinum to change to Private unless that person previously demonstrated bad banking behaviour.
 
I personally think its a waste.

Also the minimum monthly spend before you start earning Ebucks is (or at least was) R10k.
 
They keep hassling me to go private and Im not interested, platinum is fine for my needs.
 
Edwe said:
To be honest, their tiered T&C's are now so confusing, I find it very difficult to tell whether I'm better off on PC or Platinum... and I think that's the whole point.

My interest rates are significantly better on PC, but me fee is slightly higher and my eBucks rewards are about R100 pm less. So, I guess it boils down to what is more important to you.

Thinking long-term, I am sticking with PC in the hope that I will get eligible for better bond terms when buying my first home in the next couple of years. Thinking short term, I would be better off on Platinum. If someone can definitively prove to me that the tier I'm on will make no difference i.t.o. getting a bond, I will downgrade to Platinum ASAP for the eBucks.

In terms of earning requirements: FNB doesn't adhere to their own requirements. Those are made up so that people can feel "special" when they are are offered an upgrade. I am sure that they would allow anyone on Platinum to change to Private unless that person previously demonstrated bad banking behaviour.
Click to expand...

I am 100% with you on all that you have mentioned.

PC invited me to review my banking, and they said they will beat my current bond rates. But then again, how much must one spend to get eB.

Moving up might be a good status thing in the long run (But one must compare apples with apples)
 
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