FNB Pricing Guide 2015/2016

seems the fee saver option is back ... but with a minimum balance of R50k for platinum ... which then makes it not worth while anymore :(
 
lucifir said:
seems the fee saver option is back ... but with a minimum balance of R50k for platinum ... which then makes it not worth while anymore :(
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I am still on the old fee saver. I quess the minimum balance for the fee rebate will then also increase to R50k.
As you mentioned, then it will definitely not be worthwhile to keep R50k in your cheque account. Guess I'll move to the bundled pricing option.
 
Which document was the fee saver mentioned in?

Nevermind - found it.

That's ridiculous.
 
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Is gold only available as a unlimited option now?? no pay as you use
 
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gjm said:
I am still on the old fee saver. I quess the minimum balance for the fee rebate will then also increase to R50k.
As you mentioned, then it will definitely not be worthwhile to keep R50k in your cheque account. Guess I'll move to the bundled pricing option.
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I agree ! And platinum's personal bankers are also falling away.

Mmm, fnb is moving backwards now I think.

I cant think who-ever did the calculation to R50 000 from R9 000 (what was he smoking).

A few years back, it increased from R8000 to R9000 (that sounds fair).
 
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Wait - so what happens to existing Fee Saver users?

*Emailing Banker*
 
The fee saver thing. I think its worth it for me. My calculation is like this.

Assuming you put the R50000 in a savings account at an interest rate of 5.5%, you will earn interest of approximately R235 per month. Considering a bundled charge of R199 on platinum, that means you are losing R36 a month of potential earnings.

By keeping the R50000 in your account you will also earn the maximum ebucks based on this rule:

Maintain a minimum monthly balance in your FNB Platinum Cheque Account or linked Savings Pocket of:*
R15 000 - R49 999. 1*000 points
R50 000 or more. 2*000 points

If you are like me and are just on the cusp of level 5 rewards, and have opted not to go for the smart device contract or other interest based ebucks points, that R36 a month that you are losing out on is very easy to recover. In my case, the 20% of uncapped bandwidth I have to pay for (R59) already covers my losses. Add to that the additional earnings for being on level 5 , and its worth it for me.

Is there any fault in my logic, or am I just FNB's bitch?
 
imranpanji said:
The fee saver thing. I think its worth it for me. My calculation is like this.

Assuming you put the R50000 in a savings account at an interest rate of 5.5%, you will earn interest of approximately R235 per month. Considering a bundled charge of R199 on platinum, that means you are losing R36 a month of potential earnings.

By keeping the R50000 in your account you will also earn the maximum ebucks based on this rule:

Maintain a minimum monthly balance in your FNB Platinum Cheque Account or linked Savings Pocket of:*
R15 000 - R49 999. 1*000 points
R50 000 or more. 2*000 points

If you are like me and are just on the cusp of level 5 rewards, and have opted not to go for the smart device contract or other interest based ebucks points, that R36 a month that you are losing out on is very easy to recover. In my case, the 20% of uncapped bandwidth I have to pay for (R59) already covers my losses. Add to that the additional earnings for being on level 5 , and its worth it for me.

Is there any fault in my logic, or am I just FNB's bitch?
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It all depends on what your current monthly fee are. Keep debit orders in mind. I have about 15 debit orders, at R16 each. lol

Currently my monthly fee is just above R300

How I see it, I currently pay R70 for my CC fee monthly. I am going the bundled way for sure
 
The fixed cash deposit fee of R4.55 at FNB ATMs for Easy accounts (irrespective of amount deposited) will change to 0.7% of value deposited (min R 4.55).
 
gjm said:
The fixed cash deposit fee of R4.55 at FNB ATMs for Easy accounts (irrespective of amount deposited) will change to 0.7% of value deposited (min R 4.55).
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Yeah this is bad for me.

Loads of clients still pay me in cash ,at-least I get 20k free cash deposits with my cheque account now
 
Just made a call to Premier Banking, apparently if you are on the fee saver option the minimum balance remains at R9000.

Trying to get this in an email but will need to call them back
 
momo235 said:
Just made a call to Premier Banking, apparently if you are on the fee saver option the minimum balance remains at R9000.

Trying to get this in an email but will need to call them back
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If that is the case it would still be worthwhile to stay on the old fee saver.
According to the new pricing guide there is actually not a "fee saver" pricing option, but if you have at least R50k in your account throughout the month your PAYG/Bundled/Unlimited fees will be rebated.
 
The fee saver option has been off the pricing guide since last year. I think old fee saver customers remain and they do not open new fee saver accounts
 
momo235 said:
The fee saver option has been off the pricing guide since last year. I think old fee saver customers remain and they do not open new fee saver accounts
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Well, if that is the case ... awesome ... but we need that in black and white !!!!
 
Confirmed via email Old Fee saver option remains. Private Banker on leave, associate replied.

Thou he said this:

Code: 
Thank you for your enquiry.
 
Existing fee saver clients will be required to maintain a balance of R15 000 as of 1 July 2015.
 
Regards,
 
SYNERGY said:
Confirmed via email Old Fee saver option remains. Private Banker on leave, associate replied.

Thou he said this:

Code: 
Thank you for your enquiry.
 
Existing fee saver clients will be required to maintain a balance of R15 000 as of 1 July 2015.
 
Regards,
Click to expand...

This for Gold and Plat?
 
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