Index
First National Bank - a division of FirstRand Bank Limited. An Authorised Financial Services and Credit Provider (NCRCP20). 997099 Mar13 Pricing Guide 1 July 2013 to 30 June 2014 Index Introduction1 Access Your Money IMMEDIATELY3 Simply Save 5 Call Account 6 Money Market Investor 7 Money Market Transactor 8 Access Your Money After Placing NOTICE13 Invest and get your money to work harder for you how can we help you? MyNotice Deposit 15 7 Day Notice Deposit 16 32 Day Interest Plus 16 Access A PORTION Of Your Money 16 Flexi Fixed Deposit 18 NO ACCESS For A Fixed Period 18 Fixed Deposit 20 Effective Rate Fixed Deposit 20 Restart Fixed Deposit 20 Inflation-Linked Deposit 20 Invest In SHARES 21 Share Saver 21 Share Builder 21 Share Investor 21 Important Information 26 Introduction Whatever your goals, we have an investment solution to help them become a reality. Going forward The fees outlined in this guide are FNB’s most common VAT inclusive prices effective from 1 July 2013 to 30 June 2014. Fees that have not changed, or have decreased, are shown in orange No matter how much money you have to invest, it’s never too early to start saving. Our range of affordable saving and investment products are designed to grow your money and work hard for you. The FNB Saving and Investments Pricing Guide, has been designed to assist you to understand any bank charges, related to your investments. At FNB, we do not charge you any subscription fees for Online, Cellphone and Telephone Banking or the FNB Banking App. This means that you can open and manage your investments using the Internet, your Cellphone, the Telephone or your Smartphone or Tablet, without having to pay any subscription fees before you start transacting. Page 1 Many 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 investment 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 transaction that you make. This way, you will avoid penalty fees Need help? • FNB Pricing Line: • Investment Call Centre: • Share Investing: 086 011 2244 087 320 4321 0860 SHARES (0860 742 737) Page 2 Access Your Money Immediately Interest Interest Rate Fees Money Out Money In Simply Save Minimum investment Add money anytime Scheduled transfers Early access at a cost Transfers into an FNB account Third party payments No monthly fees No transactional fees Fluctuating interest rates R 100 Call Account R 1 000 These investment accounts are suited to customers who require immediate access to their money while still having the flexibility to add funds at any time. Money Market Transactor Money Market Investor R 10 000 R 10 000 Simply Save A basic savings account, for the entry level investor. Call Account A traditional investment account from R1 000. Money Market Transactor A Money Market account with transactional capabilities via a Visa debit card. Money Market Investor A Money Market account with no monthly fee. Fees that apply when adding money INTO any Immediate Access account. • • Deposits Maximum rate for Platinum and Islamic Platinum Fee Cheqeu Acc Interest rate increases twice Tiered rate FNB ATM Special rate if over 55 R16,00 Access to your interest Can capitalise interest FNB Branch Cheque Deposits ENC Upliftment Fee and Special Clearance Special Features Capital guaranteed Choose your own term Multiple notices allowed eBucks to investment Visa debit card or cheque book Investment advice available Open and Manage Your Account Online FNB ATM and ADT 0.70% of transaction value, min R5,50 FNB Branch 1.35% of deposit value (min R 30,00) Cash Deposits FNB Banking App ATM Branch Call Centre Your Banker Page 3 R80,00 Deposit of Postdated Cheque Pay Yourself First Load a scheduled transfer from your FNB transactional account into your investment account, this way you will never forget to pay yourself first. Page 4 Simply Save Monthly Fees Fee Account Fee* Free Subscriptions to inContact , Online, Cellphone and Telephone Banking and the FNB Banking App Free Fees that apply when adding money INTO your account Fee First cash/cheque Deposit per month Free * A monthly Exchange Control Admin Fee of R13,00 for Non-resident Accounts applies. Fees that apply when taking money OUT your account DID YOU KNOW? You can view your balances and transactional history via any self service channel for free. Call Account Monthly Fees Fee Account Fee* Free Subscriptions to inContact , Online, Cellphone and Telephone Banking and the FNB Banking App Free * A monthly Exchange Control Admin Fee of R13,00 for Non-resident Accounts applies. Fee Description Electronic Channels Telephone (Consultant) Branch Cash Withdrawals - - R33,00 + 1.49% of transaction value Fee Description Electronic Channels Telephone (Consultant) Transfers R3,70 R36,00 R36,00 Cash Withdrawals - - R33,00 + 1.49% of transaction value Transfers R3,70 R36,00 R36,00 Payments R20,00 R36,00 R36,00 Payments R12,00 R36,00 R36,00 Cardless Cash Withdrawal (Cellphone Banking) R4,00 + (R6,30 per R500,00 or part thereof, max R25,20) Cardless Cash Withdrawal (Cellphone Banking) R4,00 + (R6,30 per R500,00 or part thereof, max R25,20) - - - Fees that apply when taking money OUT your account - Send Money to an FNB eWallet Fee Value: R20,00 - R1 000,00 R8,50 Value: R1 000,01- R2 000,00 R12,50 Value: R2 000,01 - R3 000,00 R16,50 TIP Cardless cash withdrawals are a great way to withdraw cash from your account if you don’t have an ATM card. Page 5 Branch Send Money to an FNB eWallet Fee Value: R20,00 - R1 000,00 R8,50 Value: R1 000,01- R2 000,00 R12,50 Value: R2 000,01 - R3 000,00 R16,50 DID YOU KNOW? Making a transfer from your investment, to your transactional account via Online Banking, ATM, Cellphone Banking or the FNB Banking App, is the cheapest way to get money out of your account. Page 6 Money Market Investor Money Market Transactor Monthly Fees Fee Monthly Fees Fee Account Fee* Free Account Fee* R37,00 Subscriptions to inContact , Online, Cellphone and Telephone Banking and the FNB Banking App Free Monthly Petrol Card Fee (linked to account) R13,50 Subscriptions to inContact , Online, Cellphone and Telephone Banking and the FNB Banking App Free * A monthly Exchange Control Admin Fee of R13,00 for Non-resident Accounts applies. * A monthly Exchange Control Admin Fee of R13,00 for Non-resident Fees that apply when taking money OUT your account Fee Description Electronic Channels Telephone (Consultant) Branch Cash Withdrawals - - R33,00 + 1.49% of transaction value Transfers R3,70 R36,00 R36,00 Payments R20,00 R36,00 R36,00 Cardless Cash Withdrawal (Cellphone Banking) R4,00 + (R6,30 per R500 or part thereof, max R25,20) - Fees that apply when taking money OUT your account Fee Description Card Electronic Channels Telephone (Consultant) Branch Local Card Purchases* Free - - - FNB Prepaid Purchases** - R1,00** R8,50 - FNB Cash Withdrawals (local)*** Free (Cash@Till TM) R6,30 per R500,00 or part thereof, max R25,20 Transfers - R3,70 R36,00 R36,00 Payments - R12,00 R36,00 R36,00 - Send Money to an FNB eWallet Fee Value: R20,00 - R1 000,00 R8,50 Value: R1 000,01- R2 000,00 R12,50 Value: R2 000,01 - R3 000,00 R16,50 TIP If you would like the convenience of a Petrol and a Debit Card linked to this account, consider a Money Market Transactor at a nominal monthly fee. Page 7 Accounts applies. - Internal Debit Orders paid to FNB R3,70 External Debit Orders R20,00 Cheque Payments R37,50 R33,00 + 1.49% of transaction value * ** *** International Commission and Conversion fee of 2.75% of the transaction value applies for international purchases. Prepaid purchases at other banks’ ATM charged at R7,50. Other banks’ ATM Cash Withdrawals are charged at R6,50 + (R6,30 per R500 or part thereof, max R25,20) from first withdrawal. Page 8 Cash Withdrawals Fee Penalty Fees Fee FNB Mini ATM (per R500 or part thereof) R3,00 Unpaid Cheques/Debit Orders (per item) R138,00 per subsequent Honouring Fee (Charged per item in excess of your account limit on accounts with credit agreements before 1 June 2007) R100,00 for 1st 3 thereafter R135,00 per subsequent item within 12 months 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) R57,00 Reversal of incorrect “Send money to an FNB eWallet” transaction R20,00 Declined Transactions Fee FNB ATM (Insufficient Funds or Limit Exceeded) Free Other FNB (Point-of-Sale, Scheduled Payment, EDO) and other banks’ ATM R7,00 Other Banks’ Mini ATM (per R500 or part thereof) R4,50 Cardless Cash Withdrawal (Cellphone Banking) R4,00 + (R6,30 per R500 or part thereof, max R25,20) Pay & Clear Now R38,00 LOT TO/PowerBall Purchase R1,50 Send Money to FNB eWallet Fee Value: R20,00 - R1 000,00 R8,50 Value: R1 000,01 - R2 000,00 R12,50 Value: R2 000,01 - R3 000,00 R16,50 Cash Withdrawals Fee FNB Mini ATM (per R500,00 or part thereof) R3,00 Other Banks’ Mini ATM (per R500,00 or part thereof) R4,50 International ATM (additional 2,75% Commission and Conversion fee applies) R25,00 International Branch (additional 2,75% Commission and Conversion fee applies) R25,00 + 1,50% withdrawal value Page 9 R60,00 for 1st 3 thereafter item within 12 months Other Transactional Fees Payable on all Immediate Access Products Card Replacement Fees Fee FNB Petrol Card R105,00 Visa Cheque Card/Chip & PIN Card R105,00 Copies of Vouchers (Deposit Slips and Cheques) Fee Online Banking Free Branch and Telephone Banking R20,00 (per side) Page 10 Cheque Book Fees Fee Pocket 40 Form R38,50 Purchases Fee Petrol Card Purchases Balance Enquiries Fee International Point-of-Sale R2,50 R4,50 Branch and Telephone Banking (consultant assisted) R3,95 Telephone Banking Prepaid (consultant assisted) R8,50 # Statements Fee Scheduled Payment Related Fees Fee Posted/Printed Statement R11,50 (per statement) Current Month Emailed Statement Free First Official Monthly Statement Collected at an FNB Branch Free Establishment and Amendment Fees (Online Banking) Free Establishment Fee (FNB Branch) R12,50 FNB ATM Mini Statement (print or view) R2,80 Amendment Fee (FNB Branch) R9,50 Emailing of Historical Statements older than 3 months - Online Banking R5,50 (per statement) Deposits Fee Emailing of Historical Statements older than 3 months - Branch and Telephone Banking R11,00 (per statement) Statements Fee Provisional Statement -Branch and Telephone Banking R11,00 (per page) Send Money to an FNB eWallet Fee Value: R20,00 - R1 000,00 R8,50 Value: R1 000,01 - R2 000,00 R12,50 Value: R2 000,01 - R3 000,00 R16,50 Send Money to Zimbabwe Fee Value: R0 - R1 000 R45,00 Value: R1 001 - R1 500 R70,00 FNB ATM Cheque Deposits FNB Branch FNB ATM Cash Deposits FNB Branch R16,00 0.70% of deposit value (min R5,50) 1.35% of deposit value (min R30,00) ENC Upliftment Fee and Special Clearance R80,00 Deposit of Post-dated Cheque (per cheque) R80,00 Balance Enquiries Fee FNB Online Banking, Cellphone Banking, Telephone Banking (IVR), FNB Banking App and FNB ATMs Free Other Banks’ ATM R3,95 Point-of-Sale R1,35 Page 11 Page 12 Additional Statements (fee per month) Fee Online Paper Daily R44,00 R80,00 Weekly R20,00 R32,00 Twice Monthly R11,00 R16,00 DID YOU KNOW? You can open and manage your accounts online, for free. Money In MyNotice Deposit Minimum investment Monthly R0,90 Scheduled transfers Weekly R2,95 Early access at a cost Daily R14,80 Electronic Subscription Services (fee per month) Fee My Limit Alert R2,95 Scheduled Payment Alert R2,75 Payment Notifications Fee Email R0,68 SMS R1,05 Fax R4,85 Interest Interest Rate Fees Money Out Fee Access your money with 32 days notice and benefit from two interest rate increases after 32 and 64 days. Page 13 Open and Manage Your Account 32 Day Interest Plus Third party payments* No monthly fees No transactional fees Fluctuating interest rates Interest rate increases twice Tiered rate Special rate if over 55 Access to your interest Can capitalise interest Choose your own term Multiple notices allowed eBucks to investment Visa debit card or cheque book Online Choose your own notice period. Access up to 100% with 45 days notice at no cost, or access up to 100% with 1 – 44 days notice at a cost. Access your money with 7 days notice and benefit from two interest rate increases after 32 and 64 days. Transfers into an FNB account* Investment advice available MyNotice Deposit 7 Day Notice Deposit R 100 Capital guaranteed Special Features Notice Deposit’s require notice on the account before funds can be accessed. R 50 000 32 Day Interest Plus Add money anytime Balance Alerts (fee per month) Access Your Money After Placing Notice R 1 000 7 Day Notice Deposit FNB Banking App ATM Branch Call Centre Your Banker Page 14 DID YOU KNOW? You can load notices to withdraw on your Notice Accounts on Online Banking. MyNotice Deposit Fee Description Fee Subscriptions to Online, Cellphone and Telephone Banking and the FNB Banking App Free Deposits Free DID YOU KNOW? You can add multiple notices on your MyNotice Deposit and 32 Day Interest Plus accounts. 32 Day Interest Plus Subscriptions to Online, Cellphone and Telephone Banking and the FNB Banking App Free Free Cash / Cheque Deposits Not Allowed Free Withdrawals (terms and conditions apply) Free Free Balance Enquiries (FNB ATM, Branch, Online, Cellphone Banking, FNB Banking App and Telephone Banking) Free Free Provisional Statements Free Free 1-9 days 2.5% R50,00 10-19 days 2.0% R50,00 20-29 days 1.5% R50,00 30-39 days 1.0% R50,00 40-44 days 0.5% R50,00 Flexi Fixed Deposit Money In Minimum withdrawal cost applicable Minimum investment R 100 Add money anytime Scheduled transfers Early access at a cost Transfers into an FNB account Third party payments Free Provisional Statements Free Interest Payments Free Fees Free Balance Enquiries (FNB ATM, Branch, Online, Cellphone and Telephone Banking) Page 15 7 Day Notice Deposit Money Out Withdrawal cost = % of withdrawal amount No monthly fees No transactional fees Fluctuating interest rates Interest Rate 45 days Fee Description Access a Portion of Your Money Withdrawals (Terms and Conditions apply) Notice Period (in days) 7 Day Notice Deposit & 32 Day Interest Plus Interest rate increases twice Tiered rate Special rate if over 55 Page 16 Access a Portion of Your Money TIP Interest earned on this account can be paid into an account of your choice on a monthly basis. Flexi Fixed Deposit Access to your interest Can capitalise interest Capital guaranteed Choose your own term Flexi Fixed Deposit A fixed investment term of either 3 or 12 months, where you get access, within 24 hours, to a portion of your money. Fee Description Multiple notices allowed eBucks to investment Visa debit card or cheque book Fee Subscriptions to Online, Cellphone and Telephone Banking and the FNB Banking App Free Deposits Free Withdrawals (terms and conditions apply) 2 free withdrawals (maximum 15% of available balance each) Investment advice available Online Balance Enquiries (FNB ATM, Branch, Online, Cellphone Banking, FNB Banking App and Telephone Banking) Free Provisional Statements Free FNB Banking App ATM No Access for a Fixed Period Branch Money In Call Centre Money Out Your Banker Fees DID YOU KNOW? If you have a 12 month Flexi Fixed Deposit, you can invest your eBucks into this account. * Page 17 Minimum investment Fixed Deposit Effective Rate Fixed Deposit Restart Fixed Deposit InflationLinked Deposit R 10 000 R 10 000 R 10 000 R 50 000 Add money anytime Scheduled transfers Early access at a cost Transfers into an FNB account* Third party payments* No monthly fees No transactional fees Transfers and payments at maturity. Page 18 No Access for a Fixed Period Fixed Deposit Interest Rate Fluctuating interest rates Interest rate increases twice Tiered rate Interest Special rate if over 55 Access to your interest Can capitalise interest Capital guaranteed Special Features Choose your own term Multiple notices allowed eBucks to investment Visa debit card or cheque book Investment advice available Effective Rate Fixed Deposit Restart Fixed Deposit Get a fixed investment term and fixed interest rate, typically with higher returns. InflationLinked Deposit 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; monthly, quarterly, half yearly, annually or at maturity. 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, earning you a rate where interest on interest is built into the rate. 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. Fee Description Fixed Deposit Effective Rate Fixed Deposit Restart Fixed Deposit InflationLinked Deposit Subscriptions to Online, Cellphone and Telephone Banking and the FNB Banking App Free Free Free Free Balance Enquiries (FNB ATM, Branch, Online, Cellphone Banking, FNB Banking App and Telephone Banking) Free Free Free Free Provisional Statements Free Free Free Free Open and Manage Your Account Online FNB Banking App ATM Branch Call Centre Your Banker Page 19 DID YOU KNOW? You can choose your own maturity date from 7 days to 60 months with a Fixed Deposit. You can also add money into this account at maturity, for free. Page 20 Invest in Shares Monthly Fees 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. Share Saver (based on portfolio value) Monthly account fee R0 – R250 000 0.40% plus VAT per annum R250 001 – R1 000 000 0.35% plus VAT per annum Share Builder Share Investor R19,00 R49,00* >R1 000 001 0.30% plus VAT per annum 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. Subscriptions to inContact, Online, Cellphone and Telephone Banking and the FNB Banking App Free Free Free Krugerrand safe keeping fee - 0.86% of market value 0.86% of market value *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 block accounts. Transaction Fees Card Electronic Channels Telephone Branch Withdrawals - - - R33,00 +1.49% of withdrawal value Transfers - R3,70 R36,00 R36,00 Payments - R12,00 R36,00 R36,00 DID YOU KNOW? You can invest safely in Krugerrands online, simply by opening a Share Builder or Share Investor account. Page 21 Page 22 Trade fees (of trade amount) Fee Description Share Saver Share Builder Share Investor Trade Option 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 0.0002% plus VAT Not applicable Not applicable 0.0002% plus VAT 0.0002% plus VAT STRATE Settlement Charge 0.005459% (minimum R10,95, maximum R54,59) plus VAT Not applicable Not applicable 0.005459% (minimum R10,95, maximum R54.59) plus VAT Not applicable Securities Transfer Tax (only on share purchase) Not applicable Not applicable Not applicable 0.25% Not applicable 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 Deposits Cheque deposits* R16,00 FNB ATM and FNB branch (per deposit) Cash deposits FNB ATM with envelope or Automated Deposit (ADT) 0.70% of deposit value, minimum R5,50 FNB Branch 1.35% of deposit value, minimum R30,00 ENC upliftment fee and special clearance R80,00 Deposit of post-dated cheques (per cheque) R80,00 *The standard cheque clearance period is 7 days. Clearance could differ per account. Kindly call 0860 11 22 44 or your branch for details. Page 23 Page 24 Non-standard services Fee Important Information Share transfer (per counter) Account transfer in Free Account transfer out R130,00 Internal transfer Free Portfolio move in Free Portfolio move out R100,00 Other fees Telephonic trade instructions R40,00 Cancellation (off-exchange instruction) R135,00 Normal dematerialisation (per counter) R100,00 Urgent dematerialisation (per counter) R580,00 Normal rematerialisation (per counter) R795,00 Urgent rematerialisation (per counter) R1 272,00 Exchange (per counter) R106,00 Indemnities (excl insurance per counter) R370,00 Registration / Charge of beneficial (excl TAX) POA Monthly Safe Custody Fee (only on share portfolio values > R10m in market value and excluding Share Saver) 0.0005% of value exceeding R10m Registration / Charge of beneficial (excl TAX) R42,00 Share removal (per instruction) Normal: Value of securities R1 – R50 000 R950,00 R50 000 – R2 000 000 R1 480,00 R2 000 000+ R2 540,00 Fast track: Value of securities R1 – R50 000 R1 570,00 R50 000 – R2 000 000 R2 650,00 R2 000 000+ R4 600,00 Trading shares (per counter) R350,00 • A complete, comprehensive pricing guide is available on www.fnb.co.za • 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 www.fnb.co.za 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) Standardised Terminology Payment Third Party Payment/Stop Order Cheque Cheque Payment/Cheque Encashment Please note: Electronic Channels includes Online Banking, ATM, Cellphone Banking, Telephone Banking (IVR) and FNB Banking App. Page 25 Page 26
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