Tips to Boost your eBucks

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abudabi said:
Anyone know if there's any hectic hoops to jump through for the online will thingy. Would like to do it for the monthly 1000 points. Is it quick? Will it count for this month's RL calcs?
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I did it. You complete some basic online forms and they email the results to you. You print these and sign it in the presence of two witnesses. Their courier will collect it (don't go to a branch, remember) for free. There is a R100 a year fee. Took them a few weeks to collect (had to complain) and reflected for the next months eBucks.

I'm on 24,000 points now. Went from RL2 to RL5 in one month. :)
 
Anyone know how long changes take to reflect? I set up an investment account and took up a smart device in February but it didnt reflect in this month's eBucks points.
 
biometrics said:
I did it. You complete some basic online forms and they email the results to you. You print these and sign it in the presence of two witnesses. Their courier will collect it (don't go to a branch, remember) for free. There is a R100 a year fee. Took them a few weeks to collect (had to complain) and reflected for the next months eBucks.

I'm on 24,000 points now. Went from RL2 to RL5 in one month. :)
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I'm considering that, but you have to make them the executor of your will, right?

And that means they can take a percentage of whatever you leave?

EDIT: Decided to do it. I don't have much assets anyway.
 
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Carol35 said:
You HAVE to do a cash back request at the tills for at least one transaction and not have drawn from an Atm.
In Jan the husband drew R150 from an ATM,cost us almost R400 worth of ebucks because we droped a level.
In Feb no cash withdrawls, 2 x cash backs and we back on top lol.
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Apologies if I sound stupid ... in other words a cashback is simply FNB speak for a withdrawal from a Checkers till?
 
Ancalagon said:
I'm considering that, but you have to make them the executor of your will, right?

And that means they can take a percentage of whatever you leave?

EDIT: Decided to do it. I don't have much assets anyway.
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Pretty much any "professional" executor is going to charge you for doing it anyway. And leaving it to a family member is leaving them with significant headaches...
 
Sinbad said:
Pretty much any "professional" executor is going to charge you for doing it anyway. And leaving it to a family member is leaving them with significant headaches...
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Plus it is the final thing I need to get to RL5!

I have filled in the will using the online thingy, but what I'm going to do is then use that as the basis to make some changes. All I want to do is add burial and memorial service instructions really.
 
Sinbad said:
Pretty much any "professional" executor is going to charge you for doing it anyway. And leaving it to a family member is leaving them with significant headaches...
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FNB will charge the maximum fee which is 3.99% of the gross value of the estate. So if you own a house worth R1M and have debts of 1M (Zero net estate), FNB will charge R40000.

You should nominate a trusted advisor or family member as executor, and give them authority to negotiate a fee with a professional executor if it is necessary to appoint one. The fee should not exceed 1% of gross estate value.

You could always revoke the FNB will without informing them to keep earning the points. Just make sure that your nominated executor knows where to find your valid will, and that it is dated after the FNB will, and that it clearly revokes that will.

I can't believe they have the gall to charge R100 per year for this.
 
Verde said:
FNB will charge the maximum fee which is 3.99% of the gross value of the estate. So if you own a house worth R1M and have debts of 1M (Zero net estate), FNB will charge R40000.

You should nominate a trusted advisor or family member as executor, and give them authority to negotiate a fee with a professional executor if it is necessary to appoint one. The fee should not exceed 1% of gross estate value.

You could always revoke the FNB will without informing them to keep earning the points. Just make sure that your nominated executor knows where to find your valid will, and that it is dated after the FNB will, and that it clearly revokes that will.

I can't believe they have the gall to charge R100 per year for this.
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I'll get more than that in eBucks in one month!
 
Gendibal said:
Anyone know how long changes take to reflect? I set up an investment account and took up a smart device in February but it didnt reflect in this month's eBucks points.
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The smart device earnings, (I've been told) coincides with when the debit order goes off. If you take the device before 15th of the month it will be the same month still and accrue the points earn for that month still. After the 15th the debit order falls into the next month and points earn will follow suit.

Going to pickup my device today to test this theory.
 
abudabi said:
The smart device earnings, (I've been told) coincides with when the debit order goes off. If you take the device before 15th of the month it will be the same month still and accrue the points earn for that month still. After the 15th the debit order falls into the next month and points earn will follow suit.

Going to pickup my device today to test this theory.
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Thanks for that. Guess I'll have to wait a month for it to kick in.
 
Day 3 after starting the online process and "saving for later" and then being unable to log back in to finish it.

Still waiting on FNB to help me after phone calls, multiple tweets and emails.

Staying with Nedbank just seems so much less drama.
 
abudabi said:
The smart device earnings, (I've been told) coincides with when the debit order goes off. If you take the device before 15th of the month it will be the same month still and accrue the points earn for that month still. After the 15th the debit order falls into the next month and points earn will follow suit.

Going to pickup my device today to test this theory.
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Oh lordy lord

Went there hoping to come back all smiles but to take out the device they need to raise an overdraft of 5k. Now i already have an overdraft of 60k that is not being touched.. but they need this in addition to that and the system declined me. Grrrrr.. They also cant just take 5k of my existing OD or even drop my current OD by 5k to accommodate this one as there's a 30 day waiting period when your OD is changed... poo.

So they escalated it to a cedit manager and I should know tomorrow.

Oh ps... they said whoever told me that signing up before the 15th will get me a current month debit order and points earned in the same month was talking hogwash. :fuming:

Gonna go pull that phone recording and demand my points.
 
Deezil said:
Apologies if I sound stupid ... in other words a cashback is simply FNB speak for a withdrawal from a Checkers till?
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Lol, it is indeed. Any till- spar/pnp etc etc. You can even just ask for R50 back when you do some shopping and it will count. :)
 
Has anyone given any thought into how FNB can offer 15% discount/ebucks back on fuel, airtime, electricity and Checkers/Shoprite?
Where is the money coming from?
 
wonduhboy said:
Has anyone given any thought into how FNB can offer 15% discount/ebucks back on fuel, airtime, electricity and Checkers/Shoprite?
Where is the money coming from?
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Well it is effectively 25% when you used those ebucks and get a 40% discount in the eBucks store.

The eBucks system is a great way for them to shape the way customers make use of their serivices:
- Cutting down on branch / atm usage reduces their overhead costs.
- More swipes means better earnings from merchants.
- Better spending patterns from customers to remain in good standing means stable funding reducing their costs.
- Pushing investments means more funds for lending and recreating more income.

That's just off the top of my head. I'm sure others can come up with more.
 
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wonduhboy said:
Even more reason to question it?
Someone has to pay for this...
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Those not fully capitalising on the system, merchant fees, etc. The cost of any reward system is already priced in from the price you pay at the till.

Who do you think pays the clothing retailers the interest on their 6 month interest free cards? That interest is already priced into the shelf price. The merchant fees are also already priced in. So while my bank does not charge me when I swipe my credit card, the retailer has built this fee into the cost. They don't offer cash customers a 2%-3% discount for paying cash and not swiping.

TL:DR Those not making use of the system are subsidising it for those who are milking it.
 
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