{"id":692807,"date":"2023-06-02T13:06:05","date_gmt":"2023-06-02T11:06:05","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=692807"},"modified":"2023-06-02T13:06:05","modified_gmt":"2023-06-02T11:06:05","slug":"new-bank-account-for-side-hustles-in-south-africa","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/banking\/692807\/new-bank-account-for-side-hustles-in-south-africa\/","title":{"rendered":"New bank account for side hustles in South Africa"},"content":{"rendered":"<p>In light of the challenging local economic environment, many South Africans are turning to side hustles as a way to supplement their income.<\/p>\n<p><a href=\"https:\/\/businesstech.co.za\/news\/lifestyle\/680741\/more-south-africans-are-turning-to-side-hustles-to-boost-income-this-is-what-theyre-doing\/\" target=\"_blank\" rel=\"noopener\">A recent African Bank Consumer Research Report<\/a> on the low- and middle-income market showed that 27% of Youth and 24% of Adult respondents earned an income via a side hustle.<\/p>\n<p>With the growing interest in side hustles, FNB is introducing its new <strong>Solopreneurs\u2019 bundle account<\/strong> for customers that manage their personal and business affairs using their personal bank account.<\/p>\n<p style=\"font-weight: 400;\">&#8220;The current economic environment is characterised by high inflation and high-interest rates,&#8221; Lytania Johnson, FNB Personal Segment CEO, said.<\/p>\n<p style=\"font-weight: 400;\">&#8220;We are delighted to announce a new customised solution for customers with &#8220;side hustles&#8221; &#8211; a growing phenomenon in South Africa across all income brackets.\u201d<\/p>\n<p style=\"font-weight: 400;\">FNB said that customers will not have to pay additional monthly account fees and will have the same point of contact for all their needs.<\/p>\n<p>As part of the bundle, the personal account will work with FNB&#8217;s First Business Zero account.<\/p>\n<p>This means that customers will &#8220;get the best of both worlds in eBucks benefits, with single login credentials to manage their money and to pay or get paid through FNB\u2019s digital channels, such as the FNB App and Online,&#8221; the bank said.<\/p>\n<p>The bank added that the new proposition will complement other business or commercial accounts that FNB already offers customers.<\/p>\n<p>For instance, customers can get paid on the go with SpeedeeQr, whilst the SpeedeeApp turns the customer&#8217;s phone into a payment device.<\/p>\n<p>In addition, clients can access additional VISA SME benefits with the FNB First Business Debit card.<\/p>\n<p>They will also receive free interactive tools to help manage their payroll, cash flow and invoicing.<\/p>\n<p>FNB said that it has already identified over 600,000 customers in its FNB personnel and Private clients that will be eligible for the new value proposition.<\/p>\n<p>The launch date of Solopreneurs\u2019 bundle account is yet to be announced.<\/p>\n<hr \/>\n<p><strong>Read: <a href=\"https:\/\/businesstech.co.za\/news\/banking\/669525\/fnb-adding-wealthier-clients-as-it-hits-8-million-customers-in-south-africa\/\" target=\"_blank\" rel=\"noopener\">FNB adding wealthier clients as it hits 8 million customers in South Africa<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>FNB is launchings its new Solopreneurs\u2019 bundle account designed for South Africans with side hustles <\/p>\n","protected":false},"author":95,"featured_media":654041,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[961],"tags":[26],"class_list":["post-692807","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-banking","tag-headline"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/692807","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\/95"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=692807"}],"version-history":[{"count":5,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/692807\/revisions"}],"predecessor-version":[{"id":693549,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/692807\/revisions\/693549"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/654041"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=692807"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=692807"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=692807"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}