What are the real FNB Account differences?

backstreetboy said:
Lol I love how you try and defend it. I'm not so hard up for cash thanks.
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Hard up for cash are you kidding me? 24k a year isn't really nothing but whatever enjoy your free bank where you consistently waste "time" to even try an open an account...
 
Snyper564 said:
Hard up for cash are you kidding me? 24k a year isn't really nothing but whatever enjoy your free bank where you consistently waste "time" to even try an open an account...
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Strange. Took me less than 30 minutes to open my Capitec account, getting the card and walking out. Tyme bank was less than 5 minutes from opening the account, upgrading it with FICA, getting the card and walking out. Haven't wasted any time. Closing my FNB account on the other hand took me standing in the queue and sending mails back and forth. They conveniently also didn't bother to remove me from marketing consent so I received spam even after I closed my account. They're pathetic.
 
backstreetboy said:
Strange. Took me less than 30 minutes to open my Capitec account, getting the card and walking out. Tyme bank was less than 5 minutes from opening the account, upgrading it with FICA, getting the card and walking out. Haven't wasted any time. Closing my FNB account on the other hand took me standing in the queue and sending mails back and forth. They conveniently also didn't bother to remove me from marketing consent so I received spam even after I closed my account. They're pathetic.
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Can't argue with Capitec. Tyme sounds like a nightmare from the thread. But that's not my point. When I get that sort of benefit from things I have to pay and no bad experience I'll gladly stay with fnb.
 
backstreetboy said:
Strange. Took me less than 30 minutes to open my Capitec account, getting the card and walking out. Tyme bank was less than 5 minutes from opening the account, upgrading it with FICA, getting the card and walking out. Haven't wasted any time. Closing my FNB account on the other hand took me standing in the queue and sending mails back and forth. They conveniently also didn't bother to remove me from marketing consent so I received spam even after I closed my account. They're pathetic.
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Add up all the time it takes you to open up all the FNB threads on MYBB and post your stock comment.
 
This isnt only related to FNB, but all banking .... LET YOUR BANK WORK FOR YOU ... NOT YOU FOR YOUR BANKING
 
backstreetboy said:
Strange. Took me less than 30 minutes to open my Capitec account, getting the card and walking out. Tyme bank was less than 5 minutes from opening the account, upgrading it with FICA, getting the card and walking out. Haven't wasted any time. Closing my FNB account on the other hand took me standing in the queue and sending mails back and forth. They conveniently also didn't bother to remove me from marketing consent so I received spam even after I closed my account. They're pathetic.
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And yet with FNB I’ve only ever been to the bank once in what is now more than four years of being with them.

Sure a little time lost, but I never needed to go into a branch again.

Also they pay me a grand a month on top of it all.
 
OP this is called price discrimination and it's what all businesses do to maximize profits. Look at the range of prices you can pay for a coffee, latte, cappuccino, etc and note they're all the same three basic ingredients taking 2 min to prepare.

This way the people who're willing to spend more do spend more, but if you just want a coffee you can get that too. If you're me you order the cheap espresso ask for it in a proper cup and add some self service milk.

Ebucks is the collectable loyalty card with cool stickers.
 
backstreetboy said:
Strange. Took me less than 30 minutes to open my Capitec account, getting the card and walking out. Tyme bank was less than 5 minutes from opening the account, upgrading it with FICA, getting the card and walking out. Haven't wasted any time. Closing my FNB account on the other hand took me standing in the queue and sending mails back and forth. They conveniently also didn't bother to remove me from marketing consent so I received spam even after I closed my account. They're pathetic.
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Always that awkward silence when they at one point tried to sell car insurance, and I say I am a student/dependent, so no.
Did manage to get myself removed from marketing, but you're forced to call and it takes like half an hour and being transferred between departments, quite annoying. Do keep your phone/FNB app on hand, since they send a message you have to approve, not sure how you'd do it considering you're no longer a member.
 
Tomtomtom said:
OP this is called price discrimination and it's what all businesses do to maximize profits. Look at the range of prices you can pay for a coffee, latte, cappuccino, etc and note they're all the same three basic ingredients taking 2 min to prepare.

This way the people who're willing to spend more do spend more, but if you just want a coffee you can get that too. If you're me you order the cheap espresso ask for it in a proper cup and add some self service milk.

Ebucks is the collectable loyalty card with cool stickers.
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Each level has its benefits though, for instance if you fly all the time then the upper level accounts with free lounge access is well worth the extra cost. Also moving to gold gets you access to an overdraft which is great for bridging finance, as is a credit card if used wisely and only with the 55 days interest free.

For many people the only reason to go up to a different account type is better ebucks optimisation and ebucks always pays for itself(monthly account charges for cheque and credit card) and some more. Only major rules that need to be followed for ebucks to work is use your credit card for all payments and buy petrol at Engen, other than that you can carry on as you were in term of your spending habits. All the while getting a great credit rating from all the monthly credit card spend, at zero cost because you are taking advantage of the credit cards 55 days interest free.

I've never had issues with Fnb marketing, I hate spam and unsubscribed from their marketing long time ago.
 
airborne said:
Only major rules that need to be followed for ebucks to work is use your credit card for all payments and buy petrol at Engen, other than that you can carry on as you were in term of your spending habits. All the while getting a great credit rating from all the monthly credit card spend, at zero cost because you are taking advantage of the credit cards 55 days interest free.
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Agreed, but doesn't using your credit card for fuel (even at Engen) start the interest process on your credit card negating the "55 days interest-free"? I've been seeing interest of a few hundred rands the past couple of months on my account even though I settle the credit card at the beginning of each month.
 
pcbenadeza said:
Agreed, but doesn't using your credit card for fuel (even at Engen) start the interest process on your credit card negating the "55 days interest-free"? I've been seeing interest of a few hundred rands the past couple of months on my account even though I settle the credit card at the beginning of each month.
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No. Interest should only start immediately of you eft money our your cc account or draw it as cash not pay for petrol
 
pcbenadeza said:
Agreed, but doesn't using your credit card for fuel (even at Engen) start the interest process on your credit card negating the "55 days interest-free"? I've been seeing interest of a few hundred rands the past couple of months on my account even though I settle the credit card at the beginning of each month.
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You should check when is your due date for the month and settle a day before that.
 
I do believe interest is charged for feul on CC. I have stopped using my CC for that reason. Was a while back so maybe things have changed.
 
ezron said:
I do believe interest is charged for feul on CC. I have stopped using my CC for that reason. Was a while back so maybe things have changed.
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You are correct, a few years ago this was still the case. Not anymore tho.
 
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