FNB announces new fees starting next month
FNB has announced its fee adjustments for 2026/27, with the Big Four bank focusing heavily on fee payments amid rising living costs.
From 1 July 2026, the bank will introduce its new fees for the following year.
Several focuses for the group include faster payments, no fees on certain EFT payments and simplified pricing structures.
“Customers are under immense financial pressure, but they are also more active in how they earn, spend and move money,” said Senzo Nsibande, CEO of FNB Core Banking, Retail and Business Banking.
“These changes reflect our ongoing commitment to meet the evolving needs of individuals, families and businesses by delivering excellent value in all economic conditions.”
The bank will continue to offer zero monthly fees on entry-level accounts, including Easy Zero, eWallet Extra, and First Business Zero.
When it comes to cash, the bank charges R2.80 per R100 for ATM withdrawals, while ATM deposits cost R1.80 per R100.
The bank is also integrating its eBucks rewards into the system, with further discounts available for customers
Customers can get 30% back in eBucks at Pick n Pay through asap!, which now also includes clothing bought on ASAP, with 20% back in-store and on clothing.
“We are also expanding everyday relevance through ongoing benefits such as up to R120 in Clicks Clinic vouchers quarterly,” said Pieter Woodhatch, CEO of eBucks.
“To date, more than 6 million burgers have been given to customers through our Burger Friday deal at PnP.”
FNB Premier, Private Clients, Private Wealth and RMB Private Bank customers will still earn up to R8 per litre depending on their Reward level.
FNB’s business clients will be able to earn up to R6 per litre on fuel at Engen and up to 15% back on electricity.
Moving money
FNB’s fees for moving money include:
- Continued free FNB-to-FNB payments and EFTs across key account segments
- Free Real-Time Payments (RTPs) within bundles from Easy accounts upward
- Expanded payment value for Solopreneurs, including 20% more transactions at no cost
- Continued inclusion of transfers, debit orders and digital payments in bundles
FNB has also introduced new pricing for other key services:
- PayShap ID payments priced at R3
- Real-Time Payments to accounts priced at R5 (Easy & Aspire)
- Send Money transactions priced at R11 (up to R500) and R30 (above R500)
- Prepaid electricity purchases from R1 to R2.50 across segments
“Faster payments and reduced transaction costs mean that income received can be used immediately, improving cash flow and giving customers greater control over how and when they allocate funds,” said Nsibande.
Monthly fees
FNB also introduced a host of changes to its broader pricing structure:
- Zero monthly fees remain on entry-level accounts such as Easy Zero, eWallet Extra, and First Business Zero.
- Reduced monthly fees on Fusion accounts vs previous account fees in Premier and higher segments
- 50% discount on spouse or partner account fees in Aspire and above
- No monthly fees for children on qualifying accounts
- Monthly fees waived for qualifying customers, including seniors and Private Wealth clients
The bank said that the changes to its fees form part of changing consumer practices, which include the rise of real-time payments, side-income earning, and the growing need for greater financial control.
Cash fees
The bank’s cash changes include the following:
- Free withdrawals and deposits within bundles
- Cash pricing for retail customers, including:
- Cash@Till withdrawals at R3
- ATM withdrawals at R2.80 per R100
- ATM deposits at R1.80 per R100
Despite the broader push away from cash and the bank’s enhanced focus on digital payments, it said its cash offerings remain competitive for customers.
This article has been amended with regard to fuel rewards.
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