How Does The FNB Student Account Works In South Africa (2023)

Do you wonder how FNB South Africa Student Account Works in South Africa?

It is understandable owing you would like to open a student account with First National Bank.

I have taken time to research for you how an FNB student account works, and it is my hope you get to understand after reading this article.

Throughout this article, I’ll answer crucial questions that relate to the FNB student account and thus understand how it works.

How Does FNB Student Account Works In South Africa

FNB student account is, first of all, students studying diploma or degree with a minimum of three years.

It becomes easier for students to manage their finances with the account, whether at university, high school, or college.

FNB requires you to prove you’re a student to be allowed to open the student account.

More so you have to be aged between 18 and 30 years.

The bank allows people who have graduated not more than three years.

The account helps these graduate students to manage their finances to better their future and growth.

After opening the FNB student account, it offers a gold cheque account and can apply for a debit card to withdraw from ATMs and make payments.

The account also offers four different pricing options to all those who open the account to choose from.

Other additional offers associated with the account include monthly expense cover upon application and vehicle finances according to car preference.

The qualifications to be allowed to open an FNB student account are clear.

You have to prove you are studying a course and will graduate after a minimum of three years, whether diploma or degree.

The bank requires you to present your academic papers, other transcripts, or certificate.

Besides, you have to prove you are between 18 and 25 years to be allowed to open the account.

The documents essential to prove your age are your green bar-coded South African ID Book, passport with a work permit, or permanent.

Another must-have document to qualify for an FNB student account is proof of address.

The documents to use and prove are resident certificates, utility bills, electricity bills, or telephone bills.

There is no minimum monthly account balance required to keep the Student account active.

Also, there is no minimum deposit required when the account.

The other important detail about the FNB student account is that after opening the account, you’ll pay a monthly fee of R.100.00.

There is also a monthly transaction limitation and a 0% Interest rate.

That is how the FNB South Africa Student Account Works.

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