save, and get your money to work harder for you.

Transcription

1 save, and get your money to work harder for you. Pricing Guide 1 July June APR14

2 Index Index Introduction Access Your Immediately Account fees Fees that apply when transferring money into any Immediate Access Account Fees that apply when taking money out of any Immediate Access Account Other transactional fees payable on all Immediate Access Accounts Access Your After Placing Notice Access a Portion of Your Access After a Fixed Period Invest in Shares Important Information

3 Introduction Whatever your goals, FNB Savings and Investments have a solution to help them become 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 or investment account. 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 2014 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: 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. Deposit cash into your account at an FNB ATM instead of a branch as there are less fees. 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: Investment Call Centre: Share Investing: 0860 SHARES ( ) 01

4 02 Introduction

5 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. Simply Save A basic savings account, for the entry level saver. Call Account A traditional investment account from R Transactor A account with transactional capabilities via a Visa debit card. Investor A account with no monthly fee. 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. 03

6 In Minimum opening deposit Add money anytime Scheduled Transfers Simply Save R100 Call Account Transactor Investor R1 000 R R Access Your Immediately Out Transfers into an FNB account Third party payments Fees No monthly fees Interest Rate Fluctuating interest rates Tiered rate Interest Access to your interest Can capitalise interest Special Features Capital guaranteed Choose your own term Visa debit card or cheque book Investment advice available Online Open and Manage Your Account FNB Banking App ATM Branch Call Centre Your Banker 04

7 Account fees Fee Descriptions Investor Transactor Call Account Simply Save Monthly Account Fee* R37.00 Linked Visa Card Monthly Petrol Card Fee (linked to account) R14.50 Subscriptions to incontact to Online, Cellphone and Telephone Banking and the FNB Banking App Card Replacement Fees FNB Petrol Card 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 Investor Transactor Call Account Simply Save Deposits Cheque Deposits Cash Deposits FNB ATM FNB Branch ENC Upliftment Fee and Special Clearance Deposit of Post dated Cheque FNB Branch FNB ATM and ADT R20.00 R20.00 R85.00 R % of transaction value, min R % of transaction value, min R5.50 Tip! If you would like the convenience of a Petrol and a Debit Card linked to this account, consider a Transactor at a nominal monthly fee. 05

8 Fees that apply when taking money OUT of any Immediate Access Account Fee Descriptions Electronic Withdrawals: Electronic Transfers: Online, Cellphone and Telephone Banking and the FNB App Investor Transactor R3.70 Call Account Simply Save Access Your Immediately Transfers: Branch or Telephone (Consultant Assisted) Electronic Payments: Online, Cellphone and Telephone Banking and the FNB App Pay and Clear Now Internal Debit Orders to FNB External Debit Orders Cheque Payments R43.00 R20.00 R12.00 R12.00 R20.00 R40.00 R3.70 R20.00 R43.00 Scheduled Transfers Related Fees Establishment and Amendment Fees (Online Banking) Establishment Fee (FNB Branch) Amendment Fee (FNB Branch) R11.50 R11.50 Purchases Petrol Card Purchases Local Card Purchases Cash Withdrawals: Branch FNB Mini ATM (per R or part thereof) Other Banks Mini ATM (per R or part thereof) R4.50 R % of transaction value R4.00 R

9 Fee Descriptions Investor Transactor Call Account Simply Save Cash Withdrawals: International ATM (additional 2.75% Commission and Conversion fee applies) R43.00 International Branch (additional 2.75% Commission and Conversion fee applies) R % of withdrawal value Cardless Cash Withdrawal (Cellphone Banking) R (R6.70 per R500.00) Send Send to an ewallet Reversal of Send to ewallet R8.50 R20.00 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 Investor Transactor Call Account Simply Save Purchases Telephone Banking Prepaid (Consultant Assisted) R8.50 LOTTO /Powerball Purchase R1.50 Card Replacement Fees FNB Petrol Card Visa Cheque Card/ Chip & PIN Card R R Cheque Book Fees Pocket 40 Form R

10 Fee Descriptions Balance Enquiries FNB Online Banking, Cellphone Banking, Telephone Banking (IVR), FNB Banking App and FNB ATMs Investor Transactor Call Account Simply Save Access Your Immediately Other Banks ATM R4.20 Point-of-Sale R1.40 International Point-of-Sale Branch and Telephone Banking (consultant assisted) R2.50 R4.20 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) Additional Statements (fee per month) Daily Weekly Twice monthly Balance Alerts (fee per month) Online R44.00 R20.00 R11.00 Paper R85.00 R34.00 R17.00 Monthly Weekly Daily R0.95 R3.00 R

11 Fee Descriptions Investor Transactor Call Account Simply Save Electronic Subscription Services (fee per month) My Limit Alert R3.00 Scheduled Payment Alert R3.00 Payment Notifications SMS Fax R0.70 R1.10 R5.00 Declined Transactions FNB ATM (Insufficient Funds or Limit Exceeded) Other FNB (Point-of-Sale, Scheduled Payment, EDO) and other banks ATM R7.50 Penalty Fees Unpaid Cheques/Debit Orders (per item) Incidental Credit Fee (Charged per month in excess of your account limit, applies to accounts without credit facilities or with credit agreements after 1 June 2007) R30.00 for 1st 3 thereafter R98.00 per subsequent item within 12 months R57.00 Copies of Vouchers (Deposit Slips and Cheques) Online Banking Branch and Telephone Banking R20.00 (per side) 09

12 Access Your After Placing Notice These accounts are suited to customers who require accesss to their money after a notice period. 7 Day Notice Deposit Access your money within 7 days notice. 32 Day Flexi Notice Control your notice period and enjoy total flexibility in accessing your money. Access Your After Placing Notice 32 Day Interest Plus Access your money with 32 days notice. * Closed to new business Did you know? You can load notices to withdraw on your Notice Accounts via Online Banking. 10

13 7 Day Notice Deposit 32 Day Interest Plus 32 Day Flexi Notice Minimum opening deposit R R100 R1000 In Add money anytime Scheduled Transfers Out* Early access at a cost Transfers into an FNB account Third party payments Fees No monthly fees No transactional fees Interest Rate Fluctuating interest rates Interest rate increases twice Tiered rate Interest Access to your interest Can capitalise interest Capital guaranteed Special Features Choose your own term Multiple notices allowed Investment advice available Online Open and Manage Your Account FNB Banking App ATM Branch Call Centre Your Banker * Subject to notice period. 11

14 Fee Descriptions Subscriptions to Online, Cellphone and Telephone Banking and the FNB Banking App Cash / Cheque Deposits Withdrawals (terms and conditions apply) 7 Day Notice Deposit Not Allowed 32 Day Interest Plus 32 Day Flexi Notice See table below Access Your After Placing Notice Balance Enquiries (FNB ATM, Branch, Online, Cellphone Banking, FNB Banking App and Telephone Banking) Provisional Statements 32 Day Flexi Notice Withdrawal Costs Notice Period (in days) Withdrawal cost = % of withdrawal amount Minimum withdrawal cost applicable 32 days days 0.5% R days 1.0% R days 2.0% R days 3.0% R50.00 Did you know? You can add multiple notices on your 32 Day Flexi Notice and 32 Day Interest Plus accounts. 12

15 Access a Portion of your money Flexi Fixed Deposit A fixed investment term while giving you access, within 24 hours, to a portion of your money. MyFirstSavings Encourage your children to save and give them a lesson for life. Flexi Fixed Deposit MyFirstSavings In Minimum opening deposit Add money anytime Scheduled Transfers R100 R 100 Out* Transfers into an FNB account Third party payments Fees No monthly fees No transactional fees Interest Rate Fluctuating interest rates Tiered rate Interest Access to your interest Can capitalise interest Capital guaranteed Special Features Choose your own term Multiple notices allowed ebucks to investment Investment advice available Online Open and Manage Your Account FNB Banking App ATM Branch Call Centre Your Banker * Subject to notice period. 13

16 Fee Descriptions Flexi Fixed Deposit MyFirstSavings Subscriptions to Online, Cellphone and Telephone Banking and the FNB Banking App Deposits Withdrawals (terms and conditions apply) 2 free withdrawals (maximum 15% of available balance each) Access a Portion of Your Balance Enquiries (FNB ATM, Branch, Online, Cellphone Banking, FNB Banking App and Telephone Banking) Provisional Statements Did you know? If you have a 12 month Flexi Fixed Deposit, you can invest your ebucks into this account. 14

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

18 In Out* Minimum opening deposit Transfers into an FNB account Third party payments Fixed Deposit R Effective Rate Fixed Deposit R Islamic Term Deposit R Restart Fixed Deposit R Inflation Linked Deposit R Access Your After a Fixed Period Fees No monthly fees No transactional fees Interest Rate Fluctuating interest rates Tiered rate Special rate if over 55 Interest Access to your interest Can capitalise interest Special Features Capital guaranteed Choose your own term Investment advice available Profit/Loss Share * Online Open and Manage Your Account FNB Banking App ATM Branch Call Centre Your Banker * On Maturity Date 16

19 Invest in Shares Share Investing gives you access to invest directly in JSE shares and Krugerrands online and in real time. 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. Did you know? You can invest safely in Krugerrands online, simply by opening a Share Builder or Share Investor account. Fee Descriptions Share Saver (based on portfolio value) Share Builder Share Investor Monthly Fees R0 R % plus VAT Monthly account fee R R % plus VAT R19.00 R49.00* Subscriptions to incontact, Online, Cellphone and Telephone Banking and the FNB Banking App >R % plus VAT Krugerrand safekeeping fee % of market value per annum 0.86% of market 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. 17

20 Electronic Fee Descriptions Card Telephone Branch Channels Transaction Fees Withdrawals R % of withdrawal value Invest in Shares Transfers - R3.70 R43.00 R43.00 Payments - R12.00 R43.00 R43.00 Fee Description Share Saver Share Builder Share Investor Trade fees (of trade amount) Trade Option Delayed trades (Today at 15:00) 1st trading day of month Delayed trades (Today at 15:00) Now trades Delayed trades (Today at 15:00) 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 Investor Protection Levy % plus VAT Not applicable Not applicable % plus VAT Not applicable STRATE Settlement Charge % (minimum R10.92 maximum R54.59) plus VAT Not applicable Not applicable % (minimum R10.92 maximum R54.59) plus VAT Not applicable Securities Transfer Tax (only on share purchase) Not applicable Not applicable Not applicable 0.25% Not applicable 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. 18

21 Other account related fees Fee Deposits Cheque deposits* FNB ATM and FNB branch (per deposit) R20.00 Cash deposits FNB ATM with envelope or Automated Deposit (ADT) FNB Branch ENC upliftment fee and special clearance Deposit of post-dated cheques (per cheque) 0.70% of deposit value, minimum R % of deposit value, minimum R43.00 R85.00 R85.00 *The standard cheque clearance period is 7 days. Clearance could differ per account. Kindly call or your branch for details. 19

22 Non-standard services Share transfer (per counter) Account transfer in Fee Invest in Shares Account transfer out Internal transfer Portfolio move in Portfolio move out 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) R R R43.00 R R R R R R R % of value exceeding R10m R45.00 Krugerrand Deliveries POA Portfolio Evaluation R40.00 Share removal (per instruction) 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

23 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. 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 FNB Banking App. 21

24 First National Bank - a division of FirstRand Bank Limited. An Authorised Financial Services and Credit Provider (NCRCP20).