In today’s digital age, banking has evolved to meet the needs of consumers seeking convenience, affordability, and flexibility. FNB, a division of FirstRand Bank Limited, offers the Easy Zero Account, catering to individuals looking for a hassle-free banking experience with zero monthly fees. In this review, we’ll delve into the features, benefits, advantages, and disadvantages of the FNB Easy Zero Account, helping you make an informed decision about your banking needs.
Overview of the FNB Easy Zero Account
The FNB Easy Zero Account is designed to provide customers with a straightforward banking solution without the burden of monthly account fees. With no paperwork required and a quick 5-minute account opening process, it aims to simplify banking for individuals seeking basic banking services without unnecessary complexities.
Transaction Type | Fee |
---|---|
Monthly account fee | No charge |
Transfer from your FNB Easy Zero to your other FNB account | No charge |
Send money from your FNB Easy Zero account to eWallet | R2 + R2.40 per R100 |
Withdraw cash from an FNB ATM | R8.50 per R1,000 |
Withdraw cash from non-FNB ATMs | R12 + R2.40 per R100 |
Deposit cash at FNB ATM | No charge up to R1,000 per month |
Deposit@Till | R19.95 |
Cash@Till® | No charge |
EFT payments | R1 |
Balance enquiries using mobile and online | No charge |
Point-of-sale | R1.90 |
Other banks’ ATMs or telephone banking (consultant assisted) | R8 |
Prepaid airtime or data purchase | No charge |
Prepaid electricity | <=R75: R0.50 <R75 & <=R150: R1.50 >R150: R3 |
Reversal of incorrect send money to eWallet (telephone/branch) | R75 |
Reversal of incorrect send money to eWallet (cellphone banking and FNB APP) | R17.50 |
Declined transactions (point-of-sale, scheduled payment, and other banks’ ATMs) | R8 |
Card replacement fee in branch | R150 |
Real Time Payments- Payshap and Instant Payment FNB to other Bank (Per Transaction) | <R100: No Charge, >R100: R0.65 per R100 |
Real Time Clearance (RTC) | R8 |
Printing of statements – ATM with deposit facilities | R4 (per page) |
DSTV payments (Applicable to Buy tab) | R7 |
inContact notifications | No charge |
FNB Easy Zero ATM mini statement | R4 |
Benefits of the Account
Advantages of the Account
Disadvantages of the Account
Requirements of the Account
To open an FNB Easy Zero Account, applicants must meet the following criteria:
Conclusion
The FNB Easy Zero Account offers a compelling proposition for individuals seeking a no-frills banking experience with zero monthly fees. With its simplicity, affordability, and added benefits, it caters to customers looking for basic banking services without unnecessary complexities. However, customers should consider the account’s transaction limits and deposit options to ensure it aligns with their banking needs. Overall, the FNB Easy Zero Account presents a viable option for those prioritizing convenience and cost-effectiveness in their banking journey.
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