Wanting to switch banks - Quick question about FNB

AdrianH said:
Just a heads up. I was with Momentum Short-term Insurance (aka Outsurance) until they decided to increase my premium by over a thousand rand due to 2 windscreen replacements in the previous 12 months. Most other insurance companies don't nail you for windscreen replacements. Momentum STI classify glass repairs and replacements under "accident damage" which just just ridiculous.
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Same happened to me with Budget.
They increased my premium by R200pm and doubled the excess to R10 000 after only one passenger window replacement!

Switched to Hollard through a broker and paying less with only R2500 excess and insured for higher value.
 
zululami said:
Thanks guys. Actually - didn't even need to go to the branch. Applied over the phone and got my cheque account approved just now. And I can pour money into it immediately - just don't have the card yet. How efficient! When they deliver the card, they will take the FICA documentation - I don't have to lift a finger!!! And they have promised to take care of my debit order switch - I sound like the Steve who used to annoy me :D
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Just keep an eye on the debit order switching or rather do it yourself. It took almost 2 months in my case for them to do it. I lost patience and did the rest myself. You can do them all in a day or two depending on how many you have.
 
senyetse said:
Just keep an eye on the debit order switching or rather do it yourself. It took almost 2 months in my case for them to do it. I lost patience and did the rest myself. You can do them all in a day or two depending on how many you have.
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Or just set up scheduled payments from your online profile. I ****ing hate debit orders and have done everything I can to rid myself of them.

Personally my experience with FNB has been nothing but smiles.
 
XennoX said:
Or just set up scheduled payments from your online profile. I ****ing hate debit orders and have done everything I can to rid myself of them.

Personally my experience with FNB has been nothing but smiles.
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Good to hear that - about the experience! I see that signed me up for something called 'fnbconnect' is that the internet banking profile or must I still register for internet banking?
 
zululami said:
Good to hear that - about the experience! I see that signed me up for something called 'fnbconnect' is that the internet banking profile or must I still register for internet banking?
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A quick trawl on their website and FNB Connect seems to be their smart device and ISP division. They offer phones, TVs, laptops and tablets in addition to ADSL and mobile data plans. If you're unsure, contact the call centre, they'll help you without hassle.

FNB Connect Contact Details:

087 575 0147
[email protected]
[email protected]

With regards to online banking, there are two options:

  • FNB Smartphone Application
  • Internet banking through your browser

Both are free.
 
senyetse said:
Just keep an eye on the debit order switching or rather do it yourself. It took almost 2 months in my case for them to do it. I lost patience and did the rest myself. You can do them all in a day or two depending on how many you have.
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+1

My GF recently moved over to FNB. Everything was done smoothly, except, some debit orders were problematic.

Over and above that, be sure to follow the Ebucks Thread. I earned an average of R600 worth of Ebucks every month in 2015, and by assisting my GF, she already earned R400 worth in month 2 of switching.
 
PsYTraNc3 said:
Errrm... you're doing it wrong.
Having a credit card in no way means you have to be in debt.
You also do not have to spend more than you usually do or be in debt to earn ebucks.

I earn an average of R900om back in ebucks (other people on here earn up to R3000)
Credit card used for 100% of my swipes and I am never in debt. if you are, it's because you need some tips on how to manage your money.

It's quite simple really.
Get paid > Transfer cash to CC > swipe using straight facility only and use your positive balance.
Don't first use money that does not belong to you and then blame the bank for having to pay it back.

I pay R200pm for my premier bundle and service fees are R0-R20 max.
I earn R900 back from the bank in ebucks + interst on savings, vehicle finance (advanced amount) and credit card positive balance.

It works if you make the bank work for you :)
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Why are you transferring money to your credit card so you have a positive balance? You need to leverage the 55 days to pay so it works for you.

As you stated above never spend more money on your credit card then what you earned so you can always pay the total balance off at the end of the month, this is the number 1 rule when it comes to using a credit card.

Saying that, if you are paying your balance off every month on your credit card, you can use the positive amount in your Cheque or Savings account to earn you interest until it comes time to pay your credit card at the end of the month. Once you do that you get paid again and repeat.

And it looks great to people who want to look at your cheque account statements when you are looking for other lines of credit as have a greater balance because you are using your credit card correctly.
 
zululami said:
Can you make online payments and book a car with such a card?
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And withdraw money outside the country - one of the reasons why I dropped absa. They wouldn't let me withdraw cash on my credit card after I had authorised it.
 
backstreetboy said:
Oh the irony... with Capitec you walk out with your card.
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I walked into FNB, opened an Easy Account, walked out with my card in under 15 min, it's just cards with your name on that takes longer, does your Capitec card you got so fast have your name on?
 
Napalm2880 said:
You should be able to move your money immediately but at best you'll walk out with debit card. The cheque / credit card takes up to a week in my experience. It's well worth the move to FNB (I'm an ex 25-year Standard Bank customer).
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Funny how Capitec can give you that in the same day.

PsYTraNc3 said:
Errrm... you're doing it wrong.
Having a credit card in no way means you have to be in debt.
You also do not have to spend more than you usually do or be in debt to earn ebucks.
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Except that by insisting on credit FNB is relying on overspending and staying in debt. You also have to use between a certain amount of credit irrespective of what you're actually earning so the last part isn't so correct.

Hendrix said:
I walked into FNB, opened an Easy Account, walked out with my card in under 15 min, it's just cards with your name on that takes longer, does your Capitec card you got so fast have your name on?
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Yip
 
Have been with most banks and they're all equally terrible with their services and admin and that includes FNB. However, FNB online functionality is really good. Don't recall what an FNB branch even looks like because I've never had to go back in!
 
olmeca said:
Why are you transferring money to your credit card so you have a positive balance? You need to leverage the 55 days to pay so it works for you.

As you stated above never spend more money on your credit card then what you earned so you can always pay the total balance off at the end of the month, this is the number 1 rule when it comes to using a credit card.

Saying that, if you are paying your balance off every month on your credit card, you can use the positive amount in your Cheque or Savings account to earn you interest until it comes time to pay your credit card at the end of the month. Once you do that you get paid again and repeat.

And it looks great to people who want to look at your cheque account statements when you are looking for other lines of credit as have a greater balance because you are using your credit card correctly.
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Why do I have to leverage the 55 days?

I use the credit card mostly to earn ebucks and get that whether going into a negative balance.
I even get paid (a very small amount) of interest on my positive balance.

Going into a negative amount is something I would use only for emergency.

I always have a good positive balance on both my cheque and credit card.
 
Swa said:
Except that by insisting on credit FNB is relying on overspending and staying in debt. You also have to use between a certain amount of credit irrespective of what you're actually earning so the last part isn't so correct.
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"Except that by insisting on credit FNB is relying on overspending and staying in debt"
- Is that not the same as with all credit cards?
It's up to the individual to control their spend...

"You also have to use between a certain amount of credit irrespective of what you're actually earning so the last part isn't so correct"
- Please explain... I don't see why I HAVE TO use any more than what I usually do.
 
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