FNB Accounts: Guide to First National Bank’s Account Offerings
First National Bank (FNB) offers a variety of bank accounts designed to meet the needs of different types of clients, ranging from personal to business customers. Whether you’re looking for a simple transactional account, a savings account, or a premium account with extra perks, FNB has a solution tailored to suit your financial requirements. In this guide, we’ll explore the different types of FNB accounts, their features, and the benefits they offer.
Types of FNB Accounts
FNB provides a wide range of account options to cater to individual and business needs. These include personal transactional accounts, savings accounts, student accounts, and business accounts. Visit FNB Accounts Page.
1. FNB Personal Accounts
FNB offers several types of personal banking accounts that cater to various income levels and banking preferences. Here are the main categories:
a) FNB Easy Account
The FNB Easy Account is designed for individuals who want a simple, affordable transactional account for day-to-day banking. It comes with low fees and basic banking services.
Key Features:
- Low monthly account fee.
- Free card swipes for purchases.
- Access to FNB ATMs and online banking services.
- Mobile banking via the FNB app and USSD (*120*321#).
Ideal for: Individuals looking for a basic, low-cost transactional account.
b) FNB Aspire Account
The Aspire Account is a mid-tier account that offers more benefits than the Easy Account, including eBucks rewards and lifestyle perks.
Key Features:
- Monthly fee from R55.
- Earn eBucks rewards on everyday purchases.
- Access to SLOW Lounge at major South African airports.
- Budget and personal loan options available.
Ideal for: Middle-income earners seeking value-added benefits and rewards.
c) FNB Premier Account
The Premier Account is tailored for individuals earning a higher income and offers premium banking services, including a dedicated banker.
Key Features:
- Monthly fee from R109.
- Access to a dedicated Premier Banker for personalized banking services.
- Comprehensive travel insurance when booking flights using your FNB card.
- SLOW Lounge access at select airports.
- Earn eBucks rewards on a variety of purchases.
Ideal for: Individuals earning between R300,000 and R749,999 per year, looking for enhanced banking benefits.
d) FNB Private Clients Account
The Private Clients Account offers exclusive benefits for high-net-worth individuals, including access to private banking services and premium travel benefits.
Key Features:
- Monthly fee from R176.
- Access to SLOW Lounges and global travel insurance.
- Dedicated Private Banker for personalized service.
- Preferential rates on loans and investments.
- Comprehensive eBucks rewards.
Ideal for: Individuals earning between R750,000 and R1.8 million per year or those with investable assets over R5 million.
e) FNB Youth and Student Accounts
FNB offers accounts tailored specifically for students and youth to help them manage their finances early on.
- FNB Youth Account: Designed for young individuals under 18, with low fees and access to savings features.
- FNB Student Account: For students 18 years or older, offering affordable banking with rewards for everyday transactions.
Key Features:
- Low to no monthly fees.
- Discounts on mobile data, entertainment, and more.
Ideal for: Students and young individuals looking to manage their personal finances while earning rewards.
2. FNB Savings Accounts
FNB provides various savings account options to help individuals grow their wealth and save for specific goals.
a) FNB Savings Account
A standard savings account that offers competitive interest rates, helping you grow your savings over time.
Key Features:
- No monthly fees.
- Access to your funds at any time.
- Interest calculated daily and paid monthly.
b) FNB Money Maximizer
The Money Maximizer is a high-interest savings account that offers maximum returns on your savings while giving you access to your money when needed.
Key Features:
- No fixed deposit required.
- Higher interest rates for larger balances.
Ideal for: Individuals looking to earn higher interest on their savings.
c) FNB Tax-Free Savings Account
FNB’s Tax-Free Savings Account allows you to save without paying tax on the interest you earn, making it an ideal choice for long-term savers.
Key Features:
- No tax on interest, dividends, or capital gains.
- Flexible deposits up to R36,000 per year (maximum R500,000 lifetime contribution).
Ideal for: Savers looking to maximize their returns without paying taxes on interest.
3. FNB Business Accounts
FNB offers a variety of business accounts for entrepreneurs, small businesses, and corporations.
a) FNB First Business Zero Account
The First Business Zero Account is a digital business account designed for sole proprietors and small businesses, offering zero monthly fees and access to essential banking services.
Key Features:
- No monthly fees.
- Unlimited free point-of-sale (POS) device transactions.
- Access to FNB Connect for airtime and data purchases.
Ideal for: Sole proprietors and small businesses.
b) FNB Gold Business Account
The Gold Business Account is a more comprehensive option for growing businesses that require a wider range of banking services.
Key Features:
- Bundled pricing for transactions and services.
- Access to business loans, credit lines, and overdrafts.
Ideal for: Small to medium-sized businesses looking for flexible banking solutions.
c) FNB Platinum Business Account
The Platinum Business Account is ideal for larger businesses that require advanced banking services, higher transaction limits, and business-specific benefits.
Key Features:
- Dedicated business banker.
- Preferential interest rates on loans and investments.
Ideal for: Medium to large enterprises with high transaction volumes.
4. FNB Credit Accounts
FNB also offers credit accounts for individuals and businesses, providing access to credit cards, overdraft facilities, and loans.
FNB Credit Cards: Offers credit facilities for purchases, with benefits like eBucks rewards, travel insurance, and airport lounge access.
FNB Overdraft: An overdraft facility that gives you access to extra funds when needed, with flexible repayment options.
Personal and Business Loans: Tailored loan products for personal or business purposes, with competitive interest rates and flexible terms.
Frequently Asked Questions (FAQs)
1. What is the minimum salary to open an FNB Premier Account?
The minimum salary requirement for the FNB Premier Account is R300,000 per year.
2. What benefits do I get with the FNB Private Clients Account?
With the FNB Private Clients Account, you get access to SLOW Lounges, a Private Banker, preferential interest rates, eBucks rewards, and comprehensive travel insurance.
3. Can I open an FNB savings account without a monthly fee?
Yes, the FNB Savings Account and Money Maximizer offer no monthly fees, allowing you to grow your savings without deductions.
4. How can I open an FNB Business Account?
You can open an FNB Business Account online or by visiting any FNB branch. You’ll need to provide your company registration documents, proof of business income, and identification.
5. Does FNB offer tax-free savings?
Yes, FNB offers a Tax-Free Savings Account where you can save up to R36,000 annually with no tax on the interest earned.