Do you want to know how the FNB Easy Account Work in South Africa? Chances are you have heard about the FNB easy account, but you don’t know how it works.
Worry not, you have actually come to the right place where you’ll get to learn how FNB easy accounts work.
FNB easy account works like a Cheque account, and it is used for day-to-day banking services like sending and receiving money.
The account is meant for people earning between R1000.00 to R7000.00.
The account is also meant for South Africans who are 18 years and older.
To better understand how FNB easy accounts work, I’ll explore FNB easy account options and what the account offers.
FNB Easy account options
When opening an FNB easy account, you are required to choose from the below three options how you would like your account.
These options differ on the services offered through it under FNB easy account.
FNB Pay as You Use Account
FNB Pay as You Use Account is the first FNB easy account option meant for day-to-day banking services.
You get to send, receive and make payments through the account, and there are charges whenever you carry a transaction through the account.
You also get to pay monthly fees of R4.95.
The FNB Pay as You Use is ideal for people who do use their accounts often.
FNB Zero Monthly Fee Account
Another FNB easy account option is FNB Zero Monthly Fee Account. There are no monthly charges to use the account.
The account is meant for Students, and the account also allows you to save and earn a competitive interest rate.
Other services associated with this option include buying airtime from the account and buying data.
FNB Easy Account smart
The third option of an FNB easy account is Easy Account smart.
There are monthly fees of R59.00 to use this option, but there are more benefits than other options like 24/7 medical advice and legal and financial coaching.
More so, the options are beneficial because after choosing the option, FNB gives ten free electronic transactions, Free savings account, FREE 80MB data, 30 voice minutes, and 30 SMS on your FNB Sim.
What does the FNB Easy Account offer?
Another significant question to understanding how FNB easy accounts work is getting to know what FNB easy accounts offer?
Below are some of the services you get after opening an FNB Easy account:
1. Fast Loans (easy account FNB)
With an FNB easy account, you get access to loans easily, and the loans are approved in minutes upon application.
There is no paperwork when applying for the loans as you can direct it from your cell phone number associated with the account.
2. Funeral plan
With an easy account, you can get funeral plans, and it covers up to R400, 000.00 if you and your spouse are married.
Claims are fast upon receipt of the required documentation with up to 24 hours of waiting time.
A 5 percent year-on-year rise in premiums to curb inflation comes with the funeral package.
In one package, you are eligible to accommodate up to 21 family members, and all members are insured for life.
The cover is contingent on premium payments; no claims can therefore be made in default.
3. Savings account
FNB easy account comes with a free optional savings account and competitive interest rate.
That is how the FNB Easy Account Work in South Africa.