Tips to Boost your eBucks

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Method said:
Not me, I don't know wtf that is :p I've only been with FNB for 11 months now.
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Out dated account. Basically its a Platinum account whereby if you keep R15 000 (previously R9000) in your account then there are no/extremely little account fee's.

Their trying their hardest to move us to the bundle/pay as you go option :)
 
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Fee Saver (zero fees) for Premier (or even all tiers) has been nerfed / rendered pointless since 1 July 2015. Rather go for the Premier bundled option @R199 p.m.
 
So I activated my eWallet on my FNB App but a word of warning, it appears that anyone with access to your phone can potentially withdraw the cash from the eWallet without a password, so set your phone to auto-lock with PIN or something as a precaution!
 
StrontiumDog said:
Fee Saver (zero fees) for Premier (or even all tiers) has been nerfed / rendered pointless since 1 July 2015. Rather go for the Premier bundled option @R199 p.m.
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Still rather keep R15 000 sitting in my account than pay R199 p/m :/
 
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Inevitability said:
than?
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He has so much money he wants to do both ;) Kidding :p He meant 'than'.

The thing is, 15k earning a return elsewhere equivalent to the prime interest rate is going give you R121 per month. Add to that all the other monthly fees associated with Fee Saver (eBucks fee, credit card fee, etc...) and it ends up being equivalent to the bundle price of R199 in any event. So ultimately it's six of one and half a dozen of the other. Someone else did the math previously in this thread...
 
StrontiumDog said:
He has so much money he wants to do both ;) Kidding :p He meant 'than'.

The thing is, 15k earning a return elsewhere equivalent to the prime interest rate is going give you R121 per month. Add to that all the other monthly fees associated with Fee Saver (eBucks fee, credit card fee, etc...) and it ends up being equivalent to the bundle price of R199 in any event. So ultimately it's six of one and half a dozen of the other. Someone else did the math previously in this thread...
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Yeah, people that don't understand compound interest do these sort of things.
 
SYNERGY said:
Still rather keep R15 000 sitting in my account than pay R199 p/m :/
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I totally agree. If you had the old fee saver, then the new rule of R6k more isn't a big jump.

vs

If you are new on the fee saver, then you will need R75k not to pay fees (which is crazy). In that option I would say go for the bundled option
 
StrontiumDog said:
He has so much money he wants to do both ;) Kidding :p He meant 'than'.

The thing is, 15k earning a return elsewhere equivalent to the prime interest rate is going give you R121 per month. Add to that all the other monthly fees associated with Fee Saver (eBucks fee, credit card fee, etc...) and it ends up being equivalent to the bundle price of R199 in any event. So ultimately it's six of one and half a dozen of the other. Someone else did the math previously in this thread...
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Lets say an example my banking fees a month is R1000. Being on the fee saver is way better the even considering an investment account.

Lets take the flexi fixed deposit as an example, on R10 000 you will less than R45 in return.

Now, how long must I wait to make up that R1000 in fees per month ?

All I am saying, if you are on the old fee saver package, the new rules of R15000 isn't bad at all comparing that to R75 000.

And if the new rules stated R75K, I would go for the bundled option myself
 
thank you FNB!
Just completed my first Makro visit for Xmas shopping and it cost me zilch!
 
StrontiumDog said:
So I activated my eWallet on my FNB App but a word of warning, it appears that anyone with access to your phone can potentially withdraw the cash from the eWallet without a password, so set your phone to auto-lock with PIN or something as a precaution!
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There are a hundred more reasons than your banking app that you should have a PIN and auto lock enabled on your device.

Your entire identity could be stolen in a matter of minutes if you don't.
 
SauRoNZA said:
There are a hundred more reasons than your banking app that you should have a PIN and auto lock enabled on your device.

Your entire identity could be stolen in a matter of minutes if you don't.
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This is true and evidence of my laziness :/

My Sony Smartband had a auto locking feature when too far away from my phone but i lost it :(
 
zerocool2009 said:
Lets say an example my banking fees a month is R1000. <snip>
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That's impossible. Fees are capped on bundled option at R199 p.m.

Here is the post from gjm where he broke it down in July 2015:

gjm said:
I am also on the old fee saver pricing option where I will need a minimum balance of R15000 in my Platinum Cheque Account from 1 July to qualify for a rebate of my fees.

FEE SAVER:
This means the monthly fees and opportunity cost of the R15k minimum balance is as follows:
- Credit Card Monthly Account Fee: R58.00
- Credit Facility Service Fee: R11.00
- Additional Card Fee: R14.50
- Credit Card Monthly Rewards Fee: R16.50
- Opportunity cost of R15k min balance: R114 (@9.5% p.a.)
- Total Fees: R214

BUNDLED:
This should be compared to the R199 bundled pricing option which includes cheque and credit card fees and all the fees listed above.

In terms of eBucks rewards the bundled pricing option will earn me 1000 eBucks points, but I will lose 1000 points since I will no longer hold a minimum monthly balance of R15k in my account.

If I didn't miss anything it seems there is not really an advantage to stay on the old fee saver pricing option.
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Is the eWallet send money fee of R9.50 rebated under the Bundled pricing and Fee Saver options?

edit: It is not :(
 
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