stay in charge of your Savings & Investments fees.

Transcription

1 stay in charge of your Savings & Investments fees. FNB Savings & Investments Pricing Guide 1 July June 2016 First National Bank - a division of FirstRand Bank Limited. An Authorised Financial Services and Credit Provider (NCRCP20).

2 Index Index Introduction Access Your Immediately Access Your After Placing Notice Access Your After a Fixed Period Invest in Shares Important Information

3 Introduction Whatever your savings or investment goals, FNB Savings & Investments have a solution to help you make it a reality. No matter how much money you have, it s never too early to start saving. This Pricing Guide will assist you in understanding any bank charges related to your savings and investment accounts. At FNB we do not charge you any subscription fees for Online, Cellphone and Telephone Banking, or the FNB Banking App. This means you can open and manage your accounts using the Internet, your Cellphone, a Telephone, or your Smartphone or Tablet, without having to pay any subscription fees before you start transacting. Going forward The fees outlined in this guide are FNB s most common VAT-inclusive prices, effective from 1 July 2015 to 30 June Fees that have not changed, or have decreased, are shown in turquoise. Many savings and investment accounts have no fees, but if your account does, you can follow these simple steps to SAVE on fees: Try to avoid going into an FNB Branch. Instead, use Online and Cellphone Banking, the FNB Banking App or FNB ATMs to make payments, transfers or to check your balance. cash into your account at an FNB ATM instead of a branch as the fees are lower. Make sure that there is enough money in your account to cover any transactions that you make. This way you will avoid penalty fees. Need help? FNB Pricing Line: Savings & Investment Centre: Share Investing: 0860 SHARES ( ) 01

4 Access Your Immediately These accounts are suited to customers who require immediate access to their money while still having the flexibility to add funds at any time. Linked Savings Account A savings account linked to your bank account, that earns you interest. Access Your Immediately on A savings account with transactional capabilities as well as an optional VISA Chip & PIN Card, earning a higher interest rate. Maximiser An investment account with transactional capabilities, earning the highest interest rate. Pay yourself first Savings should be something you think about every month, not once a year. Load a Scheduled Transfer onto your savings or investment account and the money will be saved automatically. * Note: If the product you currently hold is not represented above, pricing is still available from page 4. 02

5 Linked Savings Account on Maximiser Minimum opening deposit R0 R5 000 R In Add money anytime Scheduled Transfers Out Transfers into an FNB account Third party payments Interest Rate Fluctuating interest rates Tiered rate Interest Access to your interest Capitalise your interest Special Features Capital guaranteed VISA Chip & PIN Card Investment advice available Online Open and Manage Your Account FNB Banking App ATM Branch Centre Your Banker 03

6 Account fees Fee Descriptions Monthly Account Fee* Monthly fee for Optional Card Monthly Petrol Card Fee (linked to account) Simply Save Account Transactor R40.00 R15.50 Investor on Maximiser R65.00 R40.00 Access Your Immediately Subscriptions to incontact, Online, Cellphone and Telephone Banking and the FNB Banking App Card Replacement Fees FNB Petrol Card R Visa Cheque Card/ Chip & PIN Card R R * A monthly exchange control admin fee of R13.00 for Non-resident Accounts applies Fees that apply when transferring money INTO any Immediate Access Account Fee Descriptions Simply Save Account Transactor Investor on Maximiser s FNB ATM R30.00 Cheque s FNB Branch ENC Upliftment Fee and Special Clearance R30.00 R Cash s Electronic s FNB ATM and ADT FNB Branch Transfer money via Digital channels R0.70 per R100 (Min R5.50) R1.65 per R100 (min R50.00) * In addition to the above, a deposit fee of 0.57% will apply to any money deposited into a Maximiser. 04

7 Fees that apply when taking money OUT of any Immediate Access Account Fee Descriptions Simply Save Account Transactor Investor on Maximiser Electronic Withdrawals: Electronic Transfers: Online, Cellphone and Telephone Banking and the FNB App R3.70 R20.00 Transfers: Branch or Telephone (Consultant Assisted) R50.00 R52.00 Electronic Third Party Payments: Online, Cellphone and Telephone Banking and the FNB App R21.00 R12.00 R12.00 R21.00 R21.00 R21.00 Pay and Clear Now R42.00 Internal Debit Orders to FNB R3.70 R3.70 External Debit Orders R21.00 R21.00 Cheque Payments R50.00 Scheduled Transfers Related Fees Establishment and Amendment Fees (Online Banking) Establishment Fee (FNB Branch) Amendment Fee (FNB Branch) R12.00 R12.00 Purchases Petrol Card Purchases R5.00 Local Card Purchases Cash Withdrawals Branch R per R100 R55 + R1.65 per R100 FNB ATM R3.95 +R1.30 per R100 FNB Mini ATM R5.00 Other Banks ATM R R1.30 per R100 R R1.30 per R100 05

8 Fee Descriptions Cash Withdrawals: International ATM (additional 2.75% Commission and Conversion fee applies) International Branch (additional 2.75% Commission and Conversion fee applies) Cardless Cash Withdrawal (Cellphone Banking) Send Simply Save Account Transactor Investor on Maximiser R30.00 R30.00 R per R100 R5.00 R per R100 Access Your Immediately Send to an ewallet Reversal of Send to ewallet R9.50 R25.00 Send to Zimbabwe/Mozambique Value: R R Value: R R Value: R R R45.00 R70.00 R Other transactional fees payable on all Immediate Access Accounts Fee Descriptions Simply Save Account Transactor Investor on Maximiser Purchases Telephone Banking Prepaid (Consultant Assisted) R9.00 LOTTO /Powerball Purchase R1.75 Cheque Book Fees Pocket 40 Form R

9 Fee Descriptions Balance Enquiries FNB Online Banking, Cellphone Banking, Telephone Banking (IVR), FNB Banking App and FNB ATMs Other Banks ATM Point-of-Sale International Point-of-Sale Branch and Telephone Banking (consultant assisted) Statements Simply Save Account Transactor Investor R5.00 on Maximiser R5.00 R5.00 R1.50 R1.50 R5.00 R5.00 Posted/Printed Statement Current Month ed Statement FNB ATM Mini Statement (Print or view) ing of Historical Statement older than 3 months - Online Banking ing of Historical Statement older than 3 months - Branch and Telephone Banking Provisional Statement - Branch and Telephone Banking R13.00 (per statement) R3.00 R6.00 (per statement) R13.00 (per statement) R13.00 (per page) Additional Statements (fee per month) Daily Weekly Twice monthly Balance Alerts (fee per month) Online R48.00 R22.00 R12.00 Paper R R40.00 R20.00 Daily Weekly Monthly R17.00 R3.00 R

10 Fee Descriptions Electronic Subscription Services (fee per month) My Limit Alert Scheduled Payment Alert Simply Save Payment Notifications Account Transactor R3.50 R3.50 Investor on Maximiser Access Your Immediately SMS Fax R0.74 R1.15 R5.50 Stop Debit Order Payment Online or Mobile Channels R5.00 R5.00 Telephone Banking (consultant assisted) R17.50 R17.50 Branch R50.00 R50.00 Declined Transactions FNB ATM (Insufficient Funds or Limit Exceeded) Other FNB (Pointof-Sale, Scheduled Payment, EDO) and other banks ATM R8.00 Penalty Fees Unpaid Cheques/ Debit Orders (per item) Payment Honouring / Honouring Fee R60.00 for 1st 3 thereafter R per subsequent item within 12 months. ( Transactor and on only) R50.00 per R0 - R1000, R75 per item over R1000 Copies of Vouchers ( Slips and Cheques) Online Banking Branch and Telephone Banking R50.00 (per side) 08

11 Access Your After Placing Notice These accounts are suited to customers who require access to their money after a notice period, while still having flexibility to add money at any time. 7 Day Notice Access your money within 7 days. 32 Day Flexi Notice (Previously Named MyNotice ) Access your money within 32 days. MyFirstSavings Encourage your children to save and give them a lesson for life. Tax-Free Cash Pay NO tax on your interest. Did you know? You can load notices to withdraw on your Notice Accounts via Online Banking. * Note: If the product you currently hold is not represented above, pricing is still available from page

12 In Out Minimum opening deposit Add money anytime Scheduled Transfers Early Access at a Cost Transfers into an FNB account * Third Party Payments* 7 Day Notice R Day Flexi Notice R1 000 Tax -Free Cash R1 000 MyFirst- Savings R100 Access Your After Placing Notice Fees No Monthly Fees No Transactional Fees Interest Rate Fluctuating Interest Rates Interest Rate Increases twice Tiered Rate Interest Access to your Interest Capitalise your Interest Special Features Capital Guaranteed Multiple Notices Allowed Investment Advice Available Online Open and Manage Your Account FNB Banking App ATM Branch Centre Your Banker * Subject to notice period. 10

13 Fee Descriptions Subscriptions to Online, Cellphone and Telephone Banking and the FNB Banking App 7 Day Notice 32 Day Interest Plus 32 Day Flexi Notice Tax-Free Cash MyFirst- Savings Withdrawals (terms and conditions apply) See table below See table below Balance Enquiries (FNB ATM, Branch, Online, Cellphone Banking, FNB Banking App and Telephone Banking) Statements Posted/Printed Statement Current Month ed Statement FNB ATM Mini Statement (Print or view) ing of Historical Statement older than 3 months - Online Banking ing of Historical Statement older than 3 months - Branch and Telephone Banking Provisional Statement - Branch and Telephone Banking s R13.00 (per statement) R3.00 R6.00 (per statement) R13.00 (per statement) R13.00 (per page) Cheque s FNB ATM FNB Branch ENC Upliftment Fee and Special Clearance Not allowed Not allowed Not allowed R30.00 R Cash s FNB ATM and ADT FNB Branch Not allowed Not allowed R1.65 per R100 (min R50.00) Electronic s Transfer money via Digital Channels 11

14 Notice Costs Placing Notice Maintaining Notice Deleting Notice Consultant Assisted (Effective January 2016) R R R Day Flexi Notice Withdrawal Costs Digital Channel MyFirst Savings Access Your After Placing Notice Notice Period (in days) 32 days days days 8-14 days 1-7 days Withdrawal cost = % of withdrawal amount 0.5% 1.0% 2.0% 3.0% Free Minimum withdrawal cost applicable R50.00 R50.00 R50.00 R50.00 Tax-Free Cash Withdrawal Costs Notice Period (in days) Withdrawal Cost 32 days 1-31 days R

15 Access Your After a Fixed Period These accounts are suited to customers who only require access to their money after a fixed period. Fixed An investment account fixed for a period, typically giving you a higher interest rate than investments available overnight or on notice. Effective Rate Fixed A Fixed, where interest on interest is built into the rate you earn. Restart Fixed A Fixed where you can reset your investment once during the term, at a higher interest rate. Inflation-Linked A Fixed where your returns are linked to inflation. Islamic Term An investment with a fixed term offering you great returns over the period of your investment. Flexi Fixed An investment with a fixed term while giving you access, within 24 hours, to a portion of your money. Did you know? You can capitalise your interest, earning you interest on interest, or you can choose when you would like your interest to be paid out. 13

16 In Out Minimum opening deposit Transfers into an FNB Account* Third Party Payments* Flexi Fixed Fixed R100 Effective Rate Fixed Islamic Term Restart Fixed Inflation- Linked R R R R R Access Your After a Fixed Period Fees Interest Rate Interest Special Features Open and Manage Your Account No Monthly Fees Fluctuating Interest Rates Tiered Rate Special Rate if 55 years or older Access to your Interest Capitalise your Interest Capital Guaranteed Choose your own Term Invest your ebucks Investment Advice Available Profit / Loss Share* Online FNB Banking App ATM Branch Centre Your Banker * On Maturity Date 14

17 Fee Descriptions Subscriptions to Online, Cellphone and Telephone Banking and the FNB Banking App Flexi Fixed Fixed Effective Rate Fixed Islamic Term Restart Fixed Inflation- Linked Balance Enquiries (FNB ATM, Branch, Online, Cellphone Banking, FNB Banking App and Telephone Banking) Statements Posted/Printed Statement Current Month ed Statement FNB ATM Mini Statement (Print or view) ing of Historical Statement older than 3 months - Online Banking ing of Historical Statement older than 3 months - Branch and Telephone Banking Provisional Statement - Branch and Telephone Banking R13.00 (per statement) R3.00 R6.00 (per statement) R13.00 (per statement) R13.00 (per page) s Cheque s Cash s Electronic s FNB ATM FNB Branch ENC Upliftment Fee and Special Clearance FNB ATM and ADT FNB Branch Transfer money via Digital Channels R30.00 R R1.65 per R100 (min R50.00) 15

18 Invest in Shares Share Investing gives you access to invest directly in JSE shares and Krugerrands online and in real time. Invest in Shares Investing in shares and directly in gold (through Krugerrands) is a great way to build your wealth, as it allows you to diversify your investment and benefit from company profits and dividends over time. Who is this for? Whether you are new to investing in shares, or a seasoned share veteran, we offer various options that will suit your level of experience in the share market: Share Saver Invest monthly in the top 100 JSE listed companies from as little as R300 per month. This means you don t have to choose your own shares. Share Builder Choose from a pre-selected range of JSE blue chip shares to help you start your Share Investing Portfolio. You can also invest directly in Krugerrands via this product. Share Investor If you have some experience in the share market, Share Investor allows you to invest in the full range of JSE listed shares and Krugerrands in real time. Tax-Free Shares Invest in the Top 100 Companies on the JSE and pay no tax on your returns or dividends. Did you know? You can invest safely in Krugerrands online, simply by opening a Share Builder or Share Investor account. 16

19 Fee Descriptions Monthly Fees Share Saver (based on portfolio value) Share Share Tax-free Shares (based Builder Investor on portfolio value) Monthly account fee R0-0.50% plus R VAT R % plus R19.00 R49.00* R VAT R0 R R R % plus >R >R VAT 0.50% plus VAT 0.45% plus VAT 0.35% plus VAT Subscriptions to incontact, Online, Cellphone and Telephone Banking and the FNB Banking App Krugerrand safekeeping fee 0.86% of 0.86% of market market - value per annum value per annum - *For Share Investor Accounts, a monthly account fee of R75 is charged on Non-resident and Emigrant Blocked accounts. No VAT is payable on Non-resident and Emigrant Blocked Accounts. Fee Descriptions Card Electronic Channels Telephone Branch Transaction Fees Withdrawals R R1.65 per R100 Transfers - R3.70 R50.00 R50.00 Payments - R7.00 R50.00 R

20 Fee Descriptions Share Saver Trade fees (of trade amount) Share Builder Share Investor Tax-free Shares Invest in Shares Delayed 1st Delayed Delayed Delayed 1st Trade trades trading trades Now trades trades trading Option (Today at day of (Today at trades (Today at (Today at day of 15:00) month 15:00) 15:00) 15:00) month Brokerage Fee 0.6% (min R40) plus VAT 0.10% plus VAT 2% (min R50) plus VAT 0.6% (min R80) plus VAT 2% (min R50) plus VAT 0.6% (min R40) plus VAT 0.10% plus VAT Investor Protection Levy % plus VAT % plus VAT % plus VAT % % % STRATE Settlement Charge (minimum R11.58 maximum R57.87) (minimum R11.58 maximum R57.87) (minimum R11.58 maximum R57.87) plus VAT plus VAT plus VAT Securities Transfer Tax (only on share 0.25% purchase) Value add fees - price alert Share Investor only, we will charge R0.35 Incl of VAT per alert that gets sent. Did you know? With Share Builder you get to choose your own shares from a preselected basket of JSE blue chip shares. To find out what shares are included in the Share Builder limited selection, go to fnb.co.za/share-investing/share-builder. Other account related fees Fee s Cheque deposits* FNB ATM and FNB branch (per deposit) R30.00 Cash deposits FNB ATM with envelope or Automated (ADT) FNB Branch ENC upliftment fee and special clearance of post-dated cheques (per cheque) R0.70 per R100, (minimum R5.50) R1.55 per R100, (minimum R50.00) R R85.00 *The standard cheque clearance period is 7 days. Clearance could differ per account. Kindly call or your branch for details. 18

21 Non-standard services Fee Share transfer (per counter) Account transfer in Account transfer out Internal transfer Portfolio move in Portfolio move out Free R Free Free R Other fees Telephonic trade instructions Cancellation (off-exchange instruction) Normal dematerialisation (per counter) Urgent dematerialisation (per counter) Normal rematerialisation (per counter) Urgent rematerialisation (per counter) Exchange (per counter) Indemnities (excl insurance per counter) Monthly Safe Custody Fee (only on share portfolio values > R10m in market value and excluding Share Saver) Registration/Change of beneficiary (excl VAT) Krugerrand Deliveries 0.5% with a minimum of R100 R R R R R R R % of value exceeding R10m R45.00 POA Portfolio Evaluation R40.00 Dividend Tax Refund (per refund processed per beneficial owner) Share removal (per instruction) R Fee Normal: Value of securities R1 R R R R R R R Fast track: Value of securities R1 R R R R R R R

22 Important Information A complete, comprehensive pricing guide is available on Errors and omissions are excluded. Normal terms and conditions apply to each product. Terms and conditions are agreed with the applicant. If there is conflict between such terms and conditions and those in the brochure, we will follow the normal terms and conditions that apply to such product. The Bank reserves the right to change at any time the features of any product. FNB recommends that you obtain independent tax advice from a suitably qualified professional regarding the tax implications of any investment. Statements only available on request if balances fall below the minimum required balances according to product rules. First National Bank - a division of FirstRand Bank Ltd is an Authorised Financial Services and Credit Provider. Important Information Prices may change FNB may at any time change these prices or introduce new fees. We will give at least 20 business days notice of these changes on the FNB website at or on FNB ATMs. Standard Terminology To assist you in comparing FNB s charges with those of other banks, we have, as far as possible, used standardised terminology throughout this guide. This is in accordance with Section 13 of the Code of Banking Practice (COBP). In the case where we have used FNB-specific terminology, we have added the table below indicating the appropriate standardised terminology which may be used by other banks. FNB Term (as per pricing guide) Payment Cheque Standardised Terminology Third Party Payment/Stop Order Cheque Payment/Cheque Encashment Please note: Electronic Channels include Online Banking, ATM, Cellphone Banking, Telephone Banking (IVR) and the FNB Banking App. 20

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