Have you been seeking how does FNB Bank Your Change Work? Well, we are here to show you everything you must know.
Chances are you have heard about the FNB bank your change.
But do you know how it works?
Do you wish to try it?
My guess is yes, and I will share how it works to be at know-how before enrolling.
First National Bank is actually one of the oldest banks in South African, and every day takes pride in helping their customers have a better banking experience.
Bank your change is one way to promote its customer to spend more at the same time-saving.
If it is your first time to hear about FNB bank your change, worry not; in this quick mobile banking guide, I will share with you how FNB bank your change works.
What is FNB Bank Your Change Account?
The FNB bank your change is like a program where the bank helps you start saving money according to how you spend it after enrolling.
The more you spend, the more you get to save.
It may sound confusing but don’t worry; I’ll explain to you how it works.
How does FNB bank your change Work?
FNB bank you change works by the First National bank rounding to the nearest rand whenever you use the transactional card to purchase.
After rounding off the nearest rand, the difference between the amount you spend on purchase and the amount into your savings account is transferred to your savings account.
It doesn’t have to be a huge amount like it may be cents, but the bank allows you to transfer if the amount is R2, R5, R10, R20, or R50.
You can top up the amount to make the transfer from your transactional account.
Furthermore, you can make the savings even easier by scheduling a transfer using FNB Bank your change account.
The benefit of scheduling is that it helps save regularly and consistently by automating savings from your cheque account or Cash Investment account to your Savings account.
If you save more than R75 000, the bank will pay an interest rate of up to 3.05%.
Note the minimum balance ought to be R 75 000 to earn interest in the savings.
There are no account fees, and it is free to activate your bank account if you have an individual cheque,
Easy, and FNBy Transactional account. Interesting, you can access your savings in case of emergency or unforeseen expenses.
There is no limitation to any activated bank your change because the feature is available for all FNB customers provided you have a transactional bank account.
That is all the details on how does FNB Bank Your Change Work.
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This simple and easy Banking and Finance Guide Was Last Updated on 9th July 2021 by thetransfercode
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