Here are all the new FNB banking fees for 2023/24

 ·1 Jun 2023

FNB has announced the changes to its account pricing and value propositions that will be effective from July and August 2023.

“The changes are consistent with our efforts to meet the individual, family, and business needs of our customers by offering excellent value in all economic conditions. The current economic environment is characterised by high inflation and high-interest rates,” Lytania Johnson, FNB Personal Segment CEO, said.

“As a result, we are keeping some of our monthly account fees unchanged and limiting increases to below inflation.

“We have refined our rewards and are expanding the value that customers receive from value-added services such as eBucks, FNB Connect, and our nav» ecosystem on the FNB App,” Sizwe Nxedlana, FNB Private Segment CEO, added.

“In addition, we continue to make it easy for customers to pay and get paid by reducing some interbank payment fees and offering them more payment options, largely free for low-value payments.”

Many of the bank’s fusion products, except wealth, have seen no fee increases.

The Easy Zero Account will remain free, whilst the Easy PayU and Easy Smart have seen increases of R0.30 and R3.00, respectively.

Account 2022/23 2023/24 Change
Easy Zero Free Free
Easy PAYU R4.95 R5.25 +6,06%
Easy Smart R62.00 R65.00 +4.84%
Aspire (Fusion) R99.00 R99.00
Premier (Fusion) R230.00 R230.00
Private Clients (Fusion) R420.00 R420.00
Private Wealth (Fusion) R525.00 R550.00 4.76%

The fees below outline the standard rates (outside of account-specific limits and bundles) for the bank’s key transactional accounts. (Important fees do differ between accounts.)

FNB have many other fee options for the Aspire, Premier, Private Clients and Private Wealth accounts, but we decided to focus on the Fusion accounts.


FNB Easy Account (PAYU)

Easy Account (PAYU) 2022/23 Fees R500 transaction 2023/24 Fees R500 transaction % Change
Withdrawal (Native) R7.00 / R1000* R7.00 R8.50 / R1000* R8.50 +21.42%
Withdrawal (Other)  R12.00 + R2.30 / R100** R23.50 R12.00 + R2.40 / R100** R24.00 +2.13%
Withdrawal (POS) Free Free Free
Deposit (ATM) R1.30 / R100 R6.50 R1.40 per R100 R7.00 +7.69%
Debit order (internal) Free Free
Debit order (external) R3.50 R3.50

* Up to R2,000, thereafter standard rate applies
** R12 fee will be waived on peak days: 1st, 3rd, 25th and 31st of a month


FNB Aspire (Fusion) 

Aspire (Fusion)  2022/23 R500 transaction 2023/24 Fees R500 transaction % Change
Withdrawal (Native) R2.30 / R100* R11.50 R2.40 / R100** R12.00 + 4.35%
Withdrawal (Other) R11.00 + R2.20 / R100*** R22.00 R12 + R2.40 per R100*** R24.oo + 11.11%
Withdrawal (POS) Free Free
Deposit (ATM) R1.30 / R100**** R6.50 R1.40 / R100**** R7.00 +7.69%
Debit orders Free Free Free Free

* Free up to R3,000 across Cash@Till and FNB ATMs, thereafter this standard rate applies
**Reduces to R1.20 / R100 with cardless transactions
*** R12 fee will be waived on peak days: 1st, 3rd, 25th and 31st of a month
**** Free up to R3,000, thereafter this standard rate applies


FNB Easy Zero 

Easy Zero 2022/23 R500 transaction 2023/24 Fees R500 transaction % Change
Withdrawal (Native) R7.00 / R1,000 R7.00 R8.50 / R1 000 R8.50 +21.43%
Withdrawal (Other) R12.00 + R2.30 / R100* R23.50 R12 + R2.40 / R100* R24.oo +2.13%
Withdrawal (POS) Free Free
Deposit (ATM) Free Free
Electronic Transfers R0 R1 +100%

* R12 fee will be waived on peak days: 1st, 3rd, 25th and 31st of a month


FNB Easy Smart 

FNB 2022/23 R500 transaction 2023/24 Fees R500 transaction % Change
Withdrawal (Native) R2.30 / R100* R11.50 R2.40 / R100*^ R12.00 +4.35%
Withdrawal (Other) R12.00 + R2.30 / R100** R23.50 R12 + R2.40 / R100** R24.oo +2.13%
Withdrawal (POS) R2.30 / R100* R11.50 R2.40 / R100*^ R12.00 +4.35%
Deposit (ATM) R1.30 / R100*** R6.50 R1.40 per R100*** R7.00 +7.69%
Electronic Transfers Free Free

* First R2,000 Free
*^ Reduces to R1.20 / R100 with cardless transactions
** R12 fee will be waived on peak days: 1st, 3rd, 25th and 31st of a month
**** Free up to R3,000, thereafter this standard rate applies


FNB Premier (Fusion)

Premier 2022/23 R500 transaction 2023/24 Fees R500 transaction % Change
Withdrawal (Native) R2.30 / R100* R11.50 R2.40 / R100* R12.00 +4.35%
Withdrawal (POS) R2.30 / R100* R11.50 R2.40 / R100* R12.00 +4.35%
Overdraft R69 R69
Deposit (ATM)  R1.30 / R100** R6.50 R1.40 / R100** R7.00 +7.69%
Send Money Via App 2 Free 2 Free

* First R4,000 Free
** Free up to R3,000, thereafter this standard rate applies


FNB Private (Fusion)

FNB 2022/23 R500 transaction 2023/24 Fees R500 transaction % Change
Withdrawal (Native) R2.30 / R100* R11.50 R2.40 / R100* R12.00 +4.35%
Withdrawal (POS) R2.30 / R100* R11.50 R2.40 / R100* R12.00 +4.35%
Overdraft R69** R69
Deposit (ATM)  R1.30 / R100*** R6.50 R1.40 / R100*** R7.00 +7.69%
Send Money Via App 2 Free 2 Free

* First R9,000 Free
**Based on the date of the credit agreement
*** Free up to R9,000, thereafter this standard rate applies


Private Wealth (Fusion)  

FNB 2022/23 R500 transaction 2023/24 Fees R500 transaction % Change
Withdrawal (Native) Unlimited Free Unlimited Free
Withdrawal (POS) Unlimited Free Unlimited Free
Overdraft Rebated R69*
Deposit (ATM)  R1.30 / R100** R6.50 R1.40 / R100** R7.00 +7.69%
Send Money Via App Always Free Always Free

*Based on the date of the credit agreement
** First R20,000 Free


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