Foreign Exchange Pricing Guide 1 July 2017 30 June 2018 First National Bank a division of FirstRand Bank Limited. An Authorised Financial Services and Credit Provider (NCRCP20).
Foreign Exchange FNB offers a range of Foreign Exchange solutions to suit your needs whether you re travelling, sending or receiving money globally, saving in a foreign currency with Global Account, managing imports and exports or investing offshore. FNB makes it simple and convenient to transact around the world, giving you exclusive access to: Make Global Payments via Online Banking or the FNB Banking App Order a Multi-currency Cash Passport and Foreign Notes online and have it delivered to your door Open and manage a Global Accounts online Do MoneyGram money transfers from any FNB ATM or via Cellphone Banking Use FNB s TopUp and Withdraw Service with PayPal via your Online Banking profile Expert exchange control advice from one of our dedicated specialists Global Payments Make global payments for a host of reasons including gifts, tuition or investments and ensure a simple, convenient and rewarding international payment process. You can make your Global Payment anywhere, anytime via FNB Online Banking or the FNB Banking App. Sending and receiving Global Payments in foreign currency via online or the FNB Banking App will earn you up to 50% back in ebucks* on transaction charges. Did you know? If you receive funds on a regular basis, you can provide FNB with direct authorisation to convert these funds on your behalf at a competitive rate immediately. This is known as a standing instruction and will earn you ebucks. * For ebucks Terms and Conditions, visit the ebucks website. Global Accounts FNB Global Accounts makes offshore investment simple and convenient. With Global Accounts via Online Banking, you: Can open and manage your Global Accounts online Can hold your individual foreign investment allowance in a foreign currency by simply transferring funds from your FNB Cheque Account into your Global Account Can make payments to offshore beneficiaries Global Accounts are offered in the following currencies: Can keep earnings from abroad in foreign currency by having them paid into your Global Account Can start saving with no minimum balance required Pay no monthly account fees Can transfer your savings from your Global Account to your Multi-currency Cash Passport before you travel US Dollar British Pound Euro Australian Dollar Indian Rupee Chinese Renminbi Canadian Dollars Swiss Franc United Arab Emirates Dirham All transactions are subject to the South African Reserve Bank Exchange Control requirements. 2
Travel Solutions Foreign Notes are cash in the currency of the country you re travelling to, for the smaller items on your trip like taxis or a coffee at the airport Multi-currency Cash Passport is a Chip & PIN-enabled travel card offering 4 currencies on 1 card so you can spend at merchants or withdraw at ATMs displaying the Mastercard Acceptance Mark Order foreign notes and the Multi currency Cash Passport online and have it delivered to your door Pay in advance for your travel arrangements such as hotel reservations, cruises or car hire with our Global Payment solution via Online Banking or the FNB Banking App. MoneyGram Send money to more than 200 countries and territories worldwide with MoneyGram. It is quick, easy and safe to get cash to your friends and family around the world. Load your beneficiaries in branch and send money using MoneyGram via Cellphone Banking or any FNB ATM. (Transactions via Cellphone Banking and ATMs can only be done to pre loaded beneficiaries.) You will receive a reference number confirming you have sent the money. You will need to give this reference number to the beneficiary The beneficiary can then go to their nearest MoneyGram agent in their country with the reference number and present their identification document to collect the money within minutes of you sending it PayPal PayPal is a safer and easier way to pay and get paid online without sharing your full financial information. Did you know? FNB s Top Up Service with PayPal allows FNB customers to top up funds to a PayPal account from a qualifying FNB account. You don t need a credit card to shop online FNB s Withdraw Service with PayPal allows South Africans to withdraw funds from a PayPal account to any South African bank account You can use your PayPal account to make or receive payments for goods and services online as well as sending money PayPal is easier to use, gives you global access, helps protect your financial information, can reimburse you if something s not right with your eligible online transaction and even refund your return shipping cost Travel Solutions Online Banking Call Centre/Banker Branch Travel products bought from FNB Multi-currency Cash Passport Initial Card Fee R80 R110 R200 Additional Card Fee (optional) R55 2% (minimum R80) (load or reload) 1.90% (minimum R55) (minimum R100) Foreign Notes 1.95% (minimum R65) 2.05% (minimum R90) (minimum R110) CMA Notes (Lesotho, Namibia, Swaziland) 3.40% (minimum R120) Delivery R0.00 R24 999.99 R225 R25 000 + 3
Travel products sold to FNB Multi-currency Cash Passport If credited to an FNB transactional account If paid out in cash or credited to any other account Foreign Notes CMA Notes (Lesotho, Namibia, Swaziland) 2% (minimum R80) (minimum R100) (minimum R110) 3.4% (minimum R120) International Payment Solutions Online/App Call Centre /Branch/Banker Global Payments and Receipts (SWIFT) Global Payments (Sending money) SWIFT Fee ZAR Fee* 0.55% (minimum, maximum R650) R110 0.58% (minimum R170, maximum R750) Global Receipts (Receiving money) ZAR Fee* 0.55% (minimum, maximum R650) 0.58% (minimum R170, maximum R750) * An additional fee will be charged if a payment is sent abroad in Rand, or received from abroad in Rand refer to ZAR Fee above. International Payment Solutions All channels (Online, App, Call Center, Branch, Banker) Low Value Global Receipt in Foreign Currency Value of Global Receipt R0 R499.99 R500 R999.99 R1 000 R1 499.99 R50 R100 International Payment Solutions All channels (Online, App, Call Center, Branch, Banker) Low Value Global Receipt in ZAR Value of Global Receipt R0 R499.99 R500 R999.99 R1 000 R1 499.99 R1 500 R1 999.99 R2 000 R2 499.99 R2 500 R2 999.99 R50 R100 R200 R250 R300 4
International Payment Solutions All channels (Online, App, Call Center, Branch, Banker) Global Receipts received for pension purposes Value of Global Receipt Value R0 R4 999.99 Value R5 000 R9 999.99 Value R10 000 R14 999.99 Value R15 000 + R30 R60 R90 R120 International payment solutions All channels (Branch, ATM, Cellphone Banking) MoneyGram Send amount (USD) Send Fee (USD) $0.00 $50 $7 $50.01 $100 $10 $100.01 $150 $11 $150.01 $200 $13 $200.01 $250 $15 $250.01 $300 $17 $300.01 $400 $19 $400.01 $500 $24 $500.01 $600 $29 $600.01 $700 $34 $700.01 $800 $39 $800.01 $900 $44 $900.01 $1 000 $49 $1 000.01 $1 200 $55 $1 200.01 $1 500 $63 $1 500.01 $1 800 $70 $1 800.01 $2 500 $90 $2 500.01 $5 000 $140 $5 000.01 $7 500 $240 $7 500 $10 000 $290 5
International payment solutions Online Banking Call Centre/Banker Branch Foreign Cheques Drafts issued (Bank cheque drawn in foreign currency to be deposited at an overseas bank) Draft charge 1.60% (minimum R265, maximum R1 070) R105 Bills negotiable (Foreign Cheques received) 1.45% (minimum R265, maximum R1 070) Other Solutions Online Banking Call Centre/Banker Branch Global account Transfer (to Rand, from Rand, and between Global Accounts) Global Payments and Receipts Global Payments (sending money) Global Payments (receiving money) Refer to Global Payments and Receipts (SWIFT) fees above Non-Resident or Foreign National Foreign Currency Account (FCA) Transfer from FCA to Rand account Transfer from Rand account to FCA Exchange Control applications to the SARB Minimum fee (per application) R1 400 Placing immigration on record with SARB Minimum fee (per application) R100 Placing emigration on record where the client is a beneficiary of an Inter Vivos Trust Minimum fee (per application) R2 600 Paypal FNB and PayPal introduced a tiered pricing structure to replace the current 1.5% charge on all FNB Top-Up and Withdraw transactions. This means you will be able to top-up or withdraw for as little as 0.8% depending on your previous month s transactional value. Tier Fees incl. VAT Total monthly Top-Up and Withdraw value Tier 0 1.50% $0 $3 000 Tier 1 1.35% $3 001 $10 000 Tier 2 1.25% $10 001 $50 000 Tier 3 1.00% $50 001 $100 000 Tier 5 0.80% $100 001 Please note: The new structure applies specifically to FNB s Top-Up and Withdrawal service with PayPal. The PayPal transactional charges and currency conversation fees will stay the same. 6
The Small Print Our Small Print is straightforward. Here we go: Information on our products and prices First National Bank a Division We strive to keep the of FirstRand Bank Limited. An information provided in the Authorised Financial Services pricing guide as accurate as and Credit Provider (NCRCP20), possible, and we will not be reserves the right to change held responsible if an error or fees or introduce new fees omission is found. from time to time. If we do this, You must apply for each facility though, we ll give you at least or product individually. 20 business days notice of The granting of any facility these changes. You ll find these or product is subject to you changes on FNB s website. meeting the qualifying criteria of that product or facility. Each facility or product has a set of terms and conditions for that specific facility or product. We agree on these terms and conditions with the applicant. If there is a disagreement between the product or facilityspecific terms and conditions and what s outlined in this pricing guide, we ll follow the product or facility-specific terms and conditions that apply to such a facility or product. FNB reserves the right to change the features of any product or facility at any time. Fees quoted as per R100 include parts thereof. Where Cellphone Banking is referred to, standard network rates apply. All fees quoted are VATinclusive and are effective from 1 July 2017 to 30 June 2018. First National Bank a division of FirstRand Bank Limited. An Authorised Financial Services and Credit Provider (NCRCP20). Terms, Conditions and Rules apply. Standard network rates apply. Standard terminology If you want to compare FNB s fees with those of other banks, we have, as far as possible, used standard terminology throughout this pricing guide. This is in line with the Code of Banking Practice (COBP). In the case where we ve used FNB-specific terminology, we ve added this here showing the wording that other banks may use. So, FNB s term as per this pricing guide is Card Purchase, while the standard terminology is Card Transaction ; FNB s term is Payment, while the standard terminology equivalent is Third Party Payment/ Stop Order. FNB uses the term Slimline Devices whereas other banks might call them Mini ATMs. FNB uses the term echannels, which refers to Online Banking, Telephone Banking Interactive Voice Response (IVR) and FNB ATMs. FNB s Mobile Channels refer to Cellphone Banking and the FNB Banking App. 7