Save and Invest for the things that count.

Transcription

1 Save and Invest for the things that count. Savings and Cash Investments Accounts Pricing Guide 1 July June 2018 First National Bank - a division of FirstRand Bank Limited. An Authorised Financial Services and Credit Provider (NCRCP20).

2 Index Introduction Save for unforeseen expenses Get instant access in case of emergencies. Save and invest for special events or specific goals Access your money after placing notice. Save and invest for the longer term Keep your money safe and growing while you finalise your plans. Save Tax- Enjoy the benefit of saving tax-free. Teach my child to save Important information Need Assistance? Pricing Line: Savings and Cash Investments:

3 Save and invest for the things that count. Savings and Cash Investments Accounts Pricing Guide. Whatever your savings and cash investments goals, FNB has a solution to help you make them a reality. This Pricing Guide will assist you in understanding bank charges related to your savings and cash investments accounts. The fees outlined in this guide are FNB s most common VAT inclusive prices, effective from 1 July 2017 to 30 June Fees that have not changed, or have decreased, are shown in turquoise. In many instances you can now manage your savings and investments account using our digital channels. Do it digitally and save either time or money wherever you see this icon: Follow these simple steps to save on fees: Save time and go digital. You can avoid going into a branch. Instead, use Online and Cellphone Banking, the FNB Banking App or FNB ATMs to open and manage your account. Access to electronic channels is free of charge. Transfer money into your account electronically for free. If you must deposit cash into your account, use an FNB ATM instead of a branch as the fees are lower or in some instances free. Make sure there is enough money in your account. You can avoid penalty fees charged when there is not enough money in your account to cover transaction fees. 01

4 Save for unforeseen expenses. Get instant access in case of emergencies. Savings Account A free savings account linked to your cheque account. Money on Call Get instant access to your savings in case of emergencies or unexpected expenses. Money Maximiser Earn a money market fund related rate, plus your capital and quoted returns are fully guaranteed. Did you know? To earn interest and grow your investment, always ensure you keep your balance above the product minimum. 02

5 Savings Account* Money on Call Money Maximiser Money In Minimum opening deposit R1 R5 000 R Add money anytime Scheduled Transfers Money Out Transfers into FNB account Third party payments Interest Rate Tiered rate Interest Redirect your interest Reinvest your interest Special Features Capital and quoted returns guaranteed Investment advice available * All Savings Account transactions are free. Monthly fees that apply to your account. Fee Descriptions Money on Call Money Maximiser Monthly Account Fee* R65 Monthly fee for Card** Subscriptions to incontact, Online, Cellphone and Telephone Banking and the FNB Banking App * A monthly exchange control admin fee of R13.00 is applicable to Non-resident Accounts. ** No new or replacement cards will be issued. Fees that apply to your account. Fee Descriptions Money on Call Money Maximiser FNB ATM R45 + R5 per item Cheque FNB Branch ENC Upliftment Fee and Special Clearance R45 + R5 per item R300 Cash FNB ATM and ADT R0.90 per R100 (no minimum) FNB Branch R1.90 per R100 (minimum R60) Electronic Receive money via Digital Channels 03

6 Fees that apply to your account (continued). Fee Descriptions Money on Call Money Maximiser Electronic Withdrawals Electronic Transfers: Online, Cellphone Banking, Telephone Banking and the FNB Banking App Electronic Third Party Payments: Online, Cellphone Banking, Telephone Banking and the FNB Banking App Transfers or Payments: Branch or Telephone (Consultant Assisted) Pay and Clear Now R50 R65 R95 Scheduled Transfer Related Fees Establishment or Amendment Fees (Online Banking) Establishment or Amendment Fees (FNB Branch) R16 Cash Withdrawals Branch FNB ATM FNB Slimline ATM Other Banks ATM International ATM (additional 2.75% Commission and Conversion fee applies) International Branch (additional 2.75% Commission and Conversion fee applies) Cardless Cash Withdrawal (Cellphone Banking) R60 + R1.90 per R100 R1.90 per R100 R1.90 per R100 R8 + R1.85 per R100 R65 - R60 + R1.90 per R100 - R1.90 per R100 Send Money Send Money to an ewallet R10.95 Reversal of Send Money to an ewallet R55 Send Money to Zimbabwe / Mozambique Value: R R Value: R R Value: R R R45 R70 R105 04

7 Other transactional fees payable on your account. Fee Descriptions Money on Call Money Maximiser Balance Enquiries FNB Online Banking, Cellphone Banking, Telephone Banking (IVR), FNB Banking App and FNB ATMs free Other Banks ATM R Branch and Telephone Banking (Consultant Assisted) R5.50 International Point-of-Sale R5.50 Statements Posted/Printed statement Current month ed statement FNB ATM Mini statement (Print or view) ing of historical statement older than 3 months (Online Banking) ing of historical statement older than 3 months (Branch and Telephone Banking) Provisional statement (Branch and Telephone Banking) R16 (per statement) R3 R6.50 (per statement) R16 (per statement) R25 (per statement) Additional Statements (fee per month) Online Paper Daily R53 R112 Weekly R24 R46 Twice monthly R14 R23 Balance Alerts (fee per month) Daily Weekly Twice monthly R15 R3 R1 Electronic Subscription Services (fee per month) My Limit Alert Scheduled Payment Alert R3 R3 Payment Notifications R0.85 SMS R1.25 Fax R

8 Other transactional fees payable on your account (continued). Fee Descriptions Money on Call Money Maximiser Declined Transactions FNB ATM (Insufficient Funds or Limit Exceeded) Other FNB (Point-of-Sale, Scheduled Payment) and other banks ATM R8.50 Penalty Fees Unpaid Cheques / Debit Orders (per item) R25 per R100 (max fee of R100) - Payment Honouring / Honouring Fee R27.55 per R100 (max fee of R110) Copies of Vouchers ( Slips and Cheques) Online Banking Branch and Telephone Banking R60 (per side) 06

9 Save and invest for special events or specific goals. Access your money after placing notice. 7 Day Notice Access your money after 7 days. 32 Day Flexi Notice Access your money after 32 days at no cost, or sooner at a cost. 32 Day Cash Intelligence Index Ideal for investing larger sums of money. It tracks the daily performance of money market instruments in South African Rands. Access your investment after 32 days notice. Did you know? You can withdraw all of the money in your notice account and still keep the account open, for you to start saving again. 07

10 7 Day Notice 32 Day Flexi Notice 32 Day Cash Intelligence Index Money In Minimum opening deposit R R1 000 R Add money anytime Scheduled Transfers Money Out Early access at a cost Transfers into FNB account* Third party payments* Interest Rate Interest rate increases twice Tiered rate Interest Redirect your interest Reinvest your interest Special Features * Subject to notice period. Capital and quoted returns guaranteed Multiple notices allowed Investment advice available Your account fees. Fee Descriptions 7 Day Notice 32 Day Flexi Notice 32 Day Cash Intelligence Index Subscriptions to incontact, Online, Cellphone and Telephone Banking and the FNB Banking App Balance Enquiries (FNB ATM, Branch, Online, Cellphone Banking, FNB Banking App and Telephone Banking) Statements Posted/Printed Statement Current Month ed Statement FNB ATM mini Statement (Print or view) ing of Historical Statement older than 3 months (Online Banking) ing of Historical Statement older than 3 months (Branch and Telephone Banking) Provisional Statement (Branch and Telephone Banking) R16 (per statement) R3 R6.50 (per statement) R16 (per statement) R25 (per statement) 08

11 Your account fees (continued). Fee Descriptions 7 Day Notice 32 Day Flexi Notice 32 Day Cash Intelligence Index FNB ATM - Cheque Cash FNB Branch - R45 + R5 per item ENC Upliftment Fee and Special Clearance - R300 FNB ATM and ADT - FNB Branch - R1.90 per R100 (minimum R60) Electronic Transfer money via Digital Channels Notice Costs Notice: Branch or Telephone (Consultant Assisted) Notice: Online, Cellphone, ATM and the FNB Banking App R65 Withdrawal Costs: 32 Day Flexi Notice Notice Period (in days) Withdrawal cost = % of withdrawal amount Minimum withdrawal cost applicable 32 days days 0.5% R days 1.0% R days 2.0% R days 3.0% R50 09

12 Save and invest for the longer term. Keep your money safe and growing while you finalise your plans. Flexi Fixed An investment with a fixed term, with the option of accessing a portion of your savings within 24 hours. Fixed An investment account fixed for a period, typically giving you a higher interest rate than investments available overnight or with notice. Restart Fixed A Fixed where you can reset your investment once during the term, at a higher interest rate. Islamic Term An investment with a fixed term offering you great returns over the period of your investment. Inflation-Linked A Fixed where your returns are linked to inflation. Only available to clients who are 55 years or older and have an Encore or Premier Select Account. Did you know? You can make use of FNB Online Banking to take control of your Fixed when it matures, instead of having to go to a branch. 10

13 Flexi Fixed Fixed Restart Fixed Inflation Linked Islamic Term Money In Minimum opening deposit R100 R R R R Money Out Transfers into FNB account* Third party payments* Access to a portion within 24 hours Interest Rate Fixed interest rates Tiered rate Special Rate if 55 years or older Interest Redirect your interest Reinvest your interest Special Features Capital and quoted returns guaranteed Choose your own term Investment advice available Profit / Loss Share* * On Maturity Date Your account fees. Fee Descriptions Subscriptions to incontact, Online, Cellphone Banking, Telephone Banking and the FNB Banking App Flexi Fixed Fixed Restart Fixed Inflation Linked Islamic Term Balance Enquiries (FNB ATM, Branch, Online, Cellphone Banking, FNB Banking App and Telephone Banking) Statements Posted/Printed Statement R16 (per statement) Current Month ed Statement FNB ATM Mini Statement (Print or view) R3 ing of Historical Statement older than 3 months (Online Banking) R6.50 (per statement) ing of Historical Statement older than 3 months (Branch and Telephone Banking) R16 (per statement) Provisional Statement (Branch and Telephone Banking) R25 (per statement) 11

14 Your account fees (continued). Fee Descriptions Flexi Fixed Fixed Restart Fixed Inflation Linked Islamic Term FNB ATM Cheque FNB Branch ENC Upliftment Fee and Special Clearance R45 + R5 per item R300 Cash FNB ATM and ADT FNB Branch R1.90 per R100 (minimum R60) Electronic Receive money via Digital Channels 12

15 Save Tax-. Enjoy the benefit of saving tax-free. Tax- Cash Save with peace of mind and pay no tax on your interest. Fee Descriptions Tax- Cash Monthly Fees Monthly account fee Subscriptions to incontact, Online, Cellphone and Telephone Banking and the FNB Banking App free free Fee Descriptions Tax- Cash Statements Posted/Printed Statement Current Month ed Statement FNB ATM mini Statement (Print or view) ing of Historical Statement older than 3 months (Online Banking) ing of Historical Statement older than 3 months (Branch and Telephone Banking) Provisional Statement (Branch and Telephone Banking) R16.00 (per statement) free R3.00 R6.50 (per statement) R16.00 (per statement) R25 (per statement) 13

16 Fee Descriptions Tax- Cash FNB ATM Cheque FNB Branch ENC Upliftment Fee and Special Clearance R45 + R5 per item R300 Cash FNB ATM and ADT FNB Branch R1.90 per R100 (min R60) Electronic Transfer money via Digital Channels Tax- Cash. Fee Descriptions Tax- Cash Notice Costs Notice: Branch or Telephone (Consultant Assisted) Notice: Online, Cellphone, ATM and the FNB App R65 Withdrawal Costs 32 days 7-31 days R300 maximum 14

17 FNBy Savings Account An account designed specifically for children, 0 17 years of age. There are no monthly or transactional fees that apply to this account. Teach my child to save. Teach and encourage your children to save. FNBy Savings Account Money In Minimum opening deposit Add money anytime Scheduled Transfers R100 Money Out Transfers into FNB account* Interest Redirect your interest Reinvest your interest Special Features *Subject to a 5 day notice period. Capital and quoted returns guaranteed Multiple notices allowed Investment advice available 15

18 Annexure A: Pricing for products no longer sold All fees that apply to a Money on Call account, also apply to the following accounts: Simply Save Call Account Money Market Investor Money Market Transactor All fees that apply to a 32 Day Flexi Notice account with the execption of withdrawal costs, also apply to the following accounts: 32 Day Interest Plus 32 Day Notice All fees that apply to a Fixed, also apply to the following account: Effective Rate Fixed 16

19 Important information Errors and omissions are excluded. Normal terms and conditions apply to each product. Terms and conditions are agreed with the applicant. If there is conflict between such terms and conditions and those in the brochure, we will follow the normal terms and conditions that apply to such product. The Bank reserves the right to change at any time the features of any product. FNB recommends that you obtain independent tax advice from a suitably qualified professional regarding the tax implications of any investment. Statements are only available on request. First National Bank - a division of FirstRand Bank Ltd is an Authorised Financial Services and Credit Provider. Prices may change FNB may at any time change these prices or introduce new fees. Always refer to our website at for the latest pricing on products. Standard Terminology To assist you in comparing FNB s charges with those of other banks, we have, as far as possible, used standardised terminology throughout this guide. This is in accordance with Section 13 of the Code of Banking Practice (COBP). In the case where we have used FNB-specific terminology, we have added the table below indicating the appropriate standardised terminology which may be used by other banks. FNB Term (as per pricing guide) Standardised Terminology Payment Cheque Third Party Payment/Stop Order Cheque Payment/Cheque Encashment Please note: Electronic Channels include Online Banking, ATM, Cellphone Banking, Telephone Banking (IVR) and the FNB Banking App. 17