{"id":592208,"date":"2022-06-01T08:26:41","date_gmt":"2022-06-01T06:26:41","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=592208"},"modified":"2022-06-01T08:26:41","modified_gmt":"2022-06-01T06:26:41","slug":"here-are-all-the-new-fnb-banking-fees-for-2022-23","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/banking\/592208\/here-are-all-the-new-fnb-banking-fees-for-2022-23\/","title":{"rendered":"Here are all the new FNB banking fees for 2022\/23"},"content":{"rendered":"

Retail banking group FNB has published its updated fee schedules for the next year – coming into effect from 1 July 2022.<\/p>\n

The bank has kept many of its fees the same, with any large increases due to structural changes. There has been a significant shift in how the bank is using its pricing structure to cultivate different transaction behaviour.<\/p>\n

Across its accounts, many standard transactions have ‘free’ limits in place before standard fees kick in. For example, banking customers on its entry-level account will be able to withdraw money at a cheaper rate (R7 per R1,000) for up to R2,000 before the standard ATM fee (R2.30 per R100) takes effect.<\/p>\n

On the middle market Aspire account, customers are able to withdraw up to R3,000 for free – either at tills or through ATMs – before the fee applies. Customers who take advantage of these limits and stay within them can avoid paying many common transactional fees.<\/p>\n

Those who step outside these limits, however, will find the standard fees to be much higher.<\/p>\n

One of the biggest changes FNB is making is waiving ‘other bank’ charges – the Saswitch fee charged when you use another bank’s ATMs – on certain days of the month. FNB says it will waive these fees on peak transactional days, specifically the 1st, 3rd, 25th and 31st (last day) of a month.<\/p>\n

The bank added that customers will also now only pay 50% of the FNB ATM cash withdrawal fee when they withdraw through cardless functionality on the FNB App.<\/p>\n

The table below outlines the monthly fee changes for its accounts:<\/p>\n

\n
\n\n\n\n\n\n\n\n\n\n
Account<\/th>\n2021\/22<\/th>\n2022\/23<\/th>\nChange<\/th>\n<\/tr>\n
Easy Zero<\/td>\nFree<\/td>\nFree<\/td>\n–<\/td>\n<\/tr>\n
Easy PAYU<\/td>\nR4.95<\/td>\nR4.95<\/td>\n–<\/td>\n<\/tr>\n
Easy Smart<\/td>\nR59.00<\/td>\nR62.00<\/td>\n+5.1%<\/td>\n<\/tr>\n
Aspire (Fusion)<\/td>\nR99.00<\/td>\nR99.00<\/td>\n–<\/td>\n<\/tr>\n
Premier (Fusion)<\/td>\nR219.00<\/td>\nR230.00<\/td>\n+5.0%<\/td>\n<\/tr>\n
Private Clients (Fusion)<\/td>\nR399.00<\/td>\nR420.00<\/td>\n+5.3%<\/td>\n<\/tr>\n
Private Wealth (Fusion)<\/td>\nR499.00<\/td>\nR525.00<\/td>\n+5.2%<\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n<\/div>\n

The fees below outline the standard rates (outside of account-specific limits and bundles) for the bank’s key transactional accounts.<\/p>\n

\n

\"\"<\/a><\/p>\n

\n
\n\n\n\n\n\n\n\n\n\n
FNB Easy Account (PAYU)<\/th>\n2021\/22 Fees<\/th>\nR500 transaction<\/th>\n2022\/23 Fees<\/th>\nR500 transaction<\/th>\n% Change<\/th>\n<\/tr>\n
Withdrawal (Native)<\/td>\nR1.20 \/ R100<\/td>\nR6.00<\/td>\nR7.00 \/ R1000*<\/td>\nR7.00<\/td>\n+16.7%<\/td>\n<\/tr>\n
Withdrawal (Other)<\/td>\nR15.00 \/ R1000<\/td>\nR15.00<\/td>\nR12.00 + R2.30 \/ R100**<\/td>\nR23.50<\/td>\n+56.7%<\/td>\n<\/tr>\n
Withdrawal (POS)<\/td>\nFree<\/td>\nFree<\/td>\nFree<\/td>\nFree<\/td>\n–<\/td>\n<\/tr>\n
Deposit (ATM)<\/td>\nR1.20 \/ R100<\/td>\nR6.00<\/td>\nR1.30 \/ R100<\/td>\nR6.50<\/td>\n+8.3%<\/td>\n<\/tr>\n
Debit order (internal)<\/td>\nR1.00<\/td>\n<\/td>\nFree<\/td>\n<\/td>\n-100.00%<\/td>\n<\/tr>\n
Debit order (external)<\/td>\nR3.50<\/td>\n<\/td>\nR3.50<\/td>\n<\/td>\n–<\/td>\n<\/tr>\n
Monthly account fee<\/td>\nR4.95<\/td>\n<\/td>\nR4.95<\/td>\n<\/td>\n–<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n<\/div>\n

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

\n
\n\n\n\n\n\n\n\n\n
FNB Aspire (unlimited)<\/th>\n2020\/21 (Gold Fusion)<\/th>\nR500 transaction<\/th>\n2021\/22 Fees<\/th>\nR500 transaction<\/th>\n% Change<\/th>\n<\/tr>\n
Withdrawal (Native)<\/td>\nR2.20 \/ R100<\/td>\nR11.00<\/td>\nR2.30 \/ R100*<\/td>\nR11.50<\/td>\n+4.5%<\/td>\n<\/tr>\n
Withdrawal (Other)<\/td>\nR11.00 + R2.20 \/ R100<\/td>\nR22.00<\/td>\nR12.00 + R2.30 \/ R100**<\/td>\nR23.50<\/td>\n+6.8%<\/td>\n<\/tr>\n
Withdrawal (POS)<\/td>\nFree<\/td>\nFree<\/td>\nFree<\/td>\nFree<\/td>\n–<\/td>\n<\/tr>\n
Deposit (ATM)<\/td>\nR1.20 \/ R100<\/td>\nR6.00<\/td>\nR1.30 \/ R100***<\/td>\nR6.50<\/td>\n+8.3%<\/td>\n<\/tr>\n
Debit orders<\/td>\nFree<\/td>\nFree<\/td>\nFree<\/td>\nFree<\/td>\n–<\/td>\n<\/tr>\n
Account fee<\/td>\nR99.00<\/td>\n<\/td>\nR105.00<\/td>\n<\/td>\n+6.0%<\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n<\/div>\n

* Free up to R3,000 across Cash@Till and FNB ATMs, thereafter this standard rate applies
\n** R12 fee will be waived on peak days: 1st, 3rd, 25th and 31st of a month
\n*** Free up to R3,000, thereafter this standard rate applies<\/p>\n

The key transaction fees for each account are laid out in more detail below, with changes highlighted in gold:<\/p>\n

\n

Easy Zero<\/strong><\/p>\n

\"\"<\/a><\/p>\n

\n

Easy PAYU\u00a0<\/strong><\/p>\n

\"\"<\/a><\/p>\n

\n

Easy Smart\u00a0<\/strong><\/p>\n

\"\"<\/a><\/p>\n

\n

Aspire<\/strong><\/p>\n

\"\"<\/a><\/p>\n

\n

Premier<\/strong><\/p>\n

\"\"<\/a><\/p>\n

\n

Private Clients<\/strong><\/p>\n

\"\"<\/a><\/p>\n

\n

Private Wealth<\/strong><\/p>\n

\"\"<\/a><\/p>\n

\n

Read: 3 big changes FNB customers can expect in the next few months \u2013 including eBucks<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Retail banking group FNB has published its updated fee schedules for the next year – coming into effect from 1 July 2022.<\/p>\n","protected":false},"author":10,"featured_media":495763,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[961],"tags":[76,26],"class_list":["post-592208","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-banking","tag-fnb","tag-headline"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/592208","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=592208"}],"version-history":[{"count":5,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/592208\/revisions"}],"predecessor-version":[{"id":592278,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/592208\/revisions\/592278"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/495763"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=592208"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=592208"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=592208"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}