Open an account at First National Bank. As of 17.02.2025 you have access to bank account options. Simplify your finances by choosing the best account for your needs today.
Update 07.11.2024
FNB offers a range of accounts to suit diverse banking needs, from everyday transactions to savings. Chequing options like Gold, Premier, and Private Wealth accounts provide core banking features with benefits such as financial advice and eBucks rewards, while Easy Accounts (Smart, PAYU, Zero) offer affordable, entry-level solutions. The FNBy account is tailored for youth, combining essential services with budget-friendly terms, while Islamic banking options provide Shari'ah-compliant transactional and savings accounts. FNB’s savings products, like the 32-Day Flexi Notice and Flexi Fixed Deposit, offer competitive interest rates with flexible access. Each account aligns with specific customer needs, from convenience to growth-focused savings.
Types of Accounts Offered by FNB
Checking Accounts
Gold Cheque Account. Tailored for everyday banking with features like ATM access, secure online transactions, and access to financial planning. Offers eBucks rewards and caters to clients with moderate income needs.
Premier Cheque Account. Designed for higher-income clients, providing enhanced benefits like a dedicated financial advisor, higher eBucks rewards, and additional lifestyle perks.
Private Wealth Cheque Account. A premium account for high-net-worth clients, offering exclusive benefits, enhanced rewards, private banking services, and access to luxury benefits.
Easy Smart Account. Entry-level account with core transactional features, interest on balances up to R7,000, and financial coaching, aimed at affordable, basic banking needs.
Easy PAYU Account. A pay-as-you-use account with features like free eWallet transactions and Bank Your Change, allowing flexibility in usage for clients who prefer minimal fees.
Easy Zero Account. No monthly fees, free card swipes, and a virtual card for secure online purchases, targeting clients who need basic banking without ongoing costs.
FNBy Account. Designed for youth aged 18-24, this account provides essential banking features with low fees, supporting younger clients in managing their finances affordably.
Islamic Cheque Account. Shari'ah-compliant transactional account options, such as the Islamic Premier and Aspire Accounts, offering unlimited transactions, profit-sharing, and eBucks rewards in line with ethical banking principles.
Business Cheque Accounts. Options include the Business Cheque Account for regular transactions and the First Business Zero Account, a simplified, fee-free account tailored for small businesses, supporting essential transactional needs and cash flow management.
Savings Accounts
32-Day Flexi Notice Account. Allows partial withdrawals after a 32-day notice, providing a balance between accessibility and interest earnings on savings.
Flexi Fixed Deposit. Offers fixed-term interest with the option for partial withdrawals, suitable for clients seeking a stable savings plan with some liquidity.
Tax-Free Cash Deposit Account. Enables tax-free growth on savings, with unrestricted access to funds without penalties, encouraging long-term savings without tax on interest.
Stokvel Account. A group savings account designed for pooled funds, allowing families or communities to save together with interest benefits and easy payouts.
Islamic Linked Savings Account. A Shari'ah-compliant account offering profit-sharing rather than interest, aligning with ethical banking principles for clients who prefer non-interest savings.
Business Savings Accounts. Includes options like the Business Call Account for flexible access to funds, Fixed Deposit for fixed-term savings with competitive interest, and the 32-Day Flexi Notice Account, balancing liquidity and growth for business savings.
Key Features
Accessibility for Daily Banking. FNB accounts provide seamless access through online, mobile, and ATM platforms, making everyday banking tasks like transfers and payments convenient and unrestricted.
High Interest on Savings. Select savings accounts, such as the 32-Day Flexi Notice, offer competitive interest rates, allowing clients to grow their funds over time.
Unlimited Electronic Transfers. FNB clients can perform unlimited electronic transfers, providing flexibility in managing funds across accounts without additional fees.
Fixed and Variable Rates. Savings options come with both fixed and variable interest rates, giving clients control over stability and potential growth.
eBucks Rewards. With accounts like Gold Cheque and Premier, clients earn eBucks on transactions, enhancing value through rewards on everyday spending.
Flexible Payment Solutions. FNB integrates with digital wallets like Apple Pay and Samsung Pay, and offers Tap to Pay for easy contactless transactions.
Pros and Cons
Pros
Wide Range of Account Options. FNB offers a diverse array of accounts, from basic and youth accounts to high-net-worth options, providing tailored solutions for different financial needs.
Extensive Digital Integration. The FNB app, compatible with various digital wallets, enables clients to manage their accounts, make payments, and earn rewards with ease.
Innovative Reward Program. eBucks rewards encourage responsible banking behavior and provide cashback and discounts, adding tangible value to client transactions.
Cons
Monthly Fees on Higher-Tier Accounts. Accounts like Gold Cheque and Premier come with monthly fees that may not appeal to clients seeking fee-free banking.
Criteria for eBucks Rewards. While beneficial, eBucks rewards require specific spending behaviors, which may not align with all clients’ banking habits.
Complexity of Account Options. With a wide variety of account types and features, some clients may find it challenging to navigate and select the account that best fits their needs.
How to Apply for an FNB Account?
Online or Mobile App. Visit the FNB website or download the FNB app to start the application. Select the account type, provide necessary personal details, and upload documents like a South African ID (or a valid passport and permit for foreign nationals), proof of income, and proof of residence. Complete the verification steps, and once approved, you’ll receive confirmation, making the account ready for use.
At a Branch. Visit an FNB branch with the required documents, including a South African ID, proof of residence, and proof of income. For foreign nationals, bring your passport and a valid permit. An FNB consultant will assist with completing the application and verifying your information. The account will be set up and activated following approval. To locate the nearest FNB branch, use the Branch Locator on the FNB website or app by selecting “Find a Branch,” then enter your location to view nearby branches and their hours of operation.
Requirements and Conditions
Requirements
Identification. A valid South African ID is required for residents. For foreign nationals, a passport and a valid visa or residence permit are necessary to establish identity and eligibility for an account.
Proof of Income. Applicants must provide recent proof of income, which could be in the form of payslips or salary deposits, to confirm financial standing and affordability.
Proof of Residence. A recent utility bill or other documents, not older than three months, is required to verify the applicant’s residential address, ensuring compliance with regulatory standards.
Age Requirement. Applicants must be at least 18 years of age to open an FNB account, ensuring legal eligibility for contractual agreements.
Conditions
Monthly Account Fees. Different accounts come with specific monthly fees, such as R4.20 for the Easy Account, covering access to basic banking features, while higher-tier accounts like Gold Cheque and Premier may carry higher fees with added benefits.
Interest Rates on Savings Accounts. Variable interest rates are applied to savings accounts based on account type and balance size, encouraging growth on deposits while offering flexibility.
Transaction Limits. Some accounts may have defined transaction limits, particularly those associated with FNB’s debit orders, stop orders, and other scheduled payment facilities, which incur specific per-transaction fees.
Minimum Deposit Requirements. Certain savings and investment accounts, such as fixed deposits, may require a minimum initial deposit to activate the account.
Access to Overdraft Facilities. Selected transactional accounts offer overdraft options, subject to credit approval and affordability assessments, giving clients flexible access to additional funds if needed.
Rewards Program Participation. FNB accounts that are eligible for eBucks rewards require specific spending behaviors to accumulate points, offering cashback and discounts for account holders based on their account usage and transaction types.
Things to Pay Attention to
Monthly Fees. Be mindful of monthly fees associated with accounts, such as the Easy Account at R4.20 per month, which covers basic banking features. Higher-tier accounts like Gold Cheque and Premier come with additional fees that reflect added services, so it’s essential to align these with your banking needs.
Transaction Fees. Fees may apply to specific transactions, such as R7.70 for withdrawals from non-FNB ATMs and R3.25 for cash withdrawals from FNB ATMs. Understanding these costs will help manage expenses, especially if you frequently perform these transactions.
Interest Rates. Savings options vary in interest rates. For example, the 32-Day Flexi Notice Account allows for interest growth with partial accessibility to funds after a 32-day notice. Select the option that best aligns with your saving and liquidity goals.
ATM and Card Purchases. FNB offers free card swipes on Easy Accounts, with free purchases at tillpoints, while certain accounts may charge for international or third-party ATM use. Being aware of these distinctions can help you save on day-to-day transactions.
Overdraft and Loan Access. If you’re interested in an overdraft or personal loan, FNB has specific products that provide overdraft facilities or immediate loans like the Easy Loan, subject to eligibility. These options support flexible cash flow but come with terms for repayment.
Prepaid Purchases. FNB offers reduced fees for prepaid services through accounts like Easy Account, where prepaid purchases can be made for R0.90 each. This benefit adds value for users who frequently make these purchases.
Editorial Opinion
FNB’s account options make it a highly recommended choice for individuals seeking flexibility, digital convenience, and diverse banking solutions. With account options spanning from entry-level and youth to premium, FNB offers personalized features, competitive savings rates, and a standout eBucks rewards program. The bank’s strong digital integration provides clients with easy management and real-time access to their finances, a clear advantage in today’s fast-paced environment. For anyone looking to blend convenience with meaningful perks, FNB’s offerings are robust, and I’d confidently recommend it to anyone looking to optimize their banking experience.
What is the process for switching to an FNB account from another bank?
To switch to FNB, you can visit an FNB branch or use the FNB app to initiate the account transfer. The bank offers a debit order switching service, which helps transfer existing debit orders from your current bank to your new FNB account, simplifying the process.
Does FNB offer specialized accounts for students or those in school?
Yes, FNB provides the FNBy account, a student-friendly option for clients aged 18-24. This account has low fees, and core banking features, and is designed to support youth in managing their finances while still in school or starting their careers.
Can I link my FNB account to third-party financial apps or budgeting tools?
FNB supports integration with several digital wallets, such as Apple Pay, Samsung Pay, and FNB’s own Tap to Pay. Although FNB primarily focuses on its own app and online banking, some external budgeting tools may still work by syncing transaction details manually.
Is there a way to earn rewards with FNB beyond eBucks?
While eBucks is FNB’s main rewards program, clients can also benefit from reduced fees on certain services, such as prepaid purchases on select accounts. These reductions act as additional savings, complementing the eBucks program and enhancing the value of everyday transactions.
How secure is online banking with FNB, and are there any special security features?
FNB prioritizes security with features like biometric login, Smart InContact for transaction approvals, and multifactor authentication. These tools provide added layers of security, ensuring your account and personal information are protected during online transactions.