If you are searching for how to open an FNB South Africa Joint Savings account, you have come to the right place. I’ll share with you another step-by-step guide on how to go about it.
A joint account is essential, especially when you are in partnership to keep your fiancés safe together.
FNB understands the importance of Joint savings accounts, thus offering everyone an opportunity to open an account.
There are several other advantages of opening joint savings, including easing banking for large groups, among others.
In this article, I enlighten you on how to open an FNB joint account and facts that include requirements and other essential details to consider before opening one.
What is FNB Joint Account?
FNB joint account is meant for groups who would like to save together. All the members of the group essentially have equal rights on the account.
One person cannot open the joint account; instead, the minimum number is two while the maximum is 4.
Just like the normal Savings account for a couple which we refer to as a Joint account, FNB currently does not offer that, but you can take the opportunity of their group savings account to open a joint account.
After opening the account, each member can access the account anytime and carry out a transaction with the other member’s knowledge.
Hence, every member is responsible for managing the account effectively.
The bank doesn’t mind who made the deposit and who withdrew the money.
The primary objective of the FNB joint account is to help partners save together and grow together.
Requirements To Open FNB South Africa Joint Account
Before opening an FNB joint account, there are certain requirements the members opening the account are required to meet.
They have to provide these documents when opening the account.
The documents will enable the bank to ascertain if the applicant’s source of finances and wealth is legitimate.
These include the following:
- The members are required to be 18 years old and have
- All the members must have a valid ID or passport.
- The members have to be either two or a maximum of 4
- Documents supporting the member’s source of wealth and some of the documents you can use include a payslip, a letter from your employer detailing your salary or sales contract.
- Documents proving your residential address and some of the documents you can use are residential bank statements, utility bills, or telephone directory.
Sometimes the bank can request more requirements and can visit the FNB website to view other requirements.
How To Open An FNB Joint Account In South Africa
If you meet the fundamental requirements, you can open an FNB joint account by visiting any FNB bank branch.
You have to be all the members present to make the opening process easy.
At the bank, you will be required to fill the opening form and guide you on how to go about it.
That is how to open FNB South Africa Joint Savings Account.