FNB Easy account fees 2024: Here is everything you need to know

FNB Easy account fees 2024: Here is everything you need to know

An FNB Easy account makes banking easy and fast. The account comes in three types: an FNB Easy PAYU (Pay-As-You-Use) account, an FNB Easy Zero account, and an FNB Easy Smart account. These accounts offer the same services at slight or no difference in prices. On top of that, you can enjoy some services free of charge. Learn more about the current FNB easy account fees below.

FNB Easy account fees
FNB Easy account fees are reasonable. Photo: @FNBSA (modified by author)
Source: UGC

TABLE OF CONTENTS

This article shares insightful details about FNB account types and charges. The post centers on the FNB Easy accounts (Zero, PAYU, and Smart accounts) and the service/transaction charges provided here are stated in the FNB Easy account fees PDFs available on the bank's website. This information can help customers compare and select an account that best suits their savings and other financial needs.

FNB Easy account fees in 2024

FNB bank fees are reasonable, but how much you pay in charges depends on the transaction or service you are accessing and the type of account you use. The article focuses on the fees FNB customers pay for using these accounts:

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  • FNB Easy Zero account
  • FNB Easy PAYU account
  • FNB Easy Smart account

Unlike multiple small withdrawals, lump sum withdrawals help minimize the FNB charges you pay. So, always create a budget if you can and withdraw money once or twice a month. With these in mind, check out the service/transaction fees for FNB Easy accounts:

FNB Easy Zero account fees

The FNB Easy Zero account does not have a monthly account fee and debit order fee. You also do not need paperwork to open the account. It allows unlimited card swipes at no extra charge but has an R24 999 monthly spend limit, R3 000 daily spend limit, and R14 000 account balance limit. These are the FNB Easy Zero account fees:

General transaction fees

General transactions/servicesFees
Monthly account feeNo charge
Transfer from your FNB Easy Zeroto your other FNB accountNo charge
Send money from your FNB Easy Zeroaccount to eWalletR2 + R2.40 per R100
Withdraw cash from an FNB ATMR8.50 per R1 000
Withdraw cash from non-FNB ATMsR12 + R2.40 per R100
Deposit cash at FNB ATMNo charge up to R1 000 p.m.
Till depositsR19.95
Till withdrawalsNo charge
EFT paymentsR1

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Balance inquiries fees

Balance inquiries servicesFees
Using mobile and onlineNo charge
Point-of-saleR1.90
Other banks’ ATMs or telephone banking(consultant assisted)R8

Other FNB Easy Zero account fees

Transactions/servicesFees
Prepaid airtime or data purchaseNo charge
Prepaid electricity<=R75: R0.50>R75 &<= R150: R1.50>R150: R3
Reversal of incorrect sent money to eWallet – telephone/branchR75
Reversal of incorrect sent money to eWallet – cellphone banking andFNB APPR17.50
Declined transactions (point-of-sale, scheduled payment and other banks’ ATMs)R8
Card replacement fee in an FNB branchR150
Real-Time Payments – Payshap and Instant PaymentFNB to other Bank (<R100 - No Charge, >R100 - R0.65 per R100)FNB to FNB (Refer to electronic payment fee)
Real-Time Clearance (RTC)R8
Printing of statements – ATM with deposit facilitiesR4 (per page)
DSTV payments (Applicable to Buy tab)R7
In-contact notificationsNo charge
FNB Easy Zero ATM mini statement R4

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FNB Easy PAYU (Pay-As-You-Use) account fees

The FNB Easy PAYU account is among the most affordable bank accounts in South Africa. It has an R5.25 monthly account fee with no account balance or daily spending limit. With this account, you can make unlimited card swipes at no extra cost. These are the current FNB Easy PAYU account fees:

ServicesTillFNB ATM with depositsOther Banks' ATMsAssisted bankingFNB Branch
Cash withdrawal(Local)No chargeR8.50 per R1000 up to R2000 ThereafterCardless ATM withdrawal: R1.20 per R100 ATM card withdrawal: R2.40 per R100R12.00 + R2.40 per R100.00R80.00 + R3.00 per R100.00
Cardless cash withdrawalR8.50 per R1000 up to R2000 ThereafterCardless ATM withdrawal: R1.20 per R100 ATM card withdrawal: R2.40 per R100
Cash withdrawal(International)R80(extra 2% commission& conversion fees apply) R80 + R3 per R100(extra 2% commission& conversion fees apply)
Cash depositR19.95R1.40 per R10R80 + R3 per R100

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FNB Easy Smart account fees

The FNB Easy Smart account has an R65 monthly account fee, unlimited electronic transactions, and up to R2000 withdrawals and deposits at any FNB ATM at no extra charge. Below are the current FNB Easy Smart account fees:

ServicesTillFNB ATM with depositsOther Banks' ATMsAssisted bankingFNB Branch
Cash withdrawal(Local)No charge for up to R2000 p.m., ThereafterTill withdrawal: No chargeCardless withdrawal: R1.20 per R100FNB ATM card withdrawal: R2.40 per R100No charge for up to R2000 p.m., ThereafterTill withdrawal: No chargeCardless withdrawal: R1.20 per R100FNB ATM card withdrawal: R2.40 per R100R12 + R2.40 per R100R80 + R3 per R100
Cardless cash withdrawalNo charge for up to R2000 p.m., ThereafterTill withdrawal: No chargeCardless withdrawal: R1.20 per R100FNB ATM card withdrawal: R2.40 per R100No charge for up to R2000 p.m., ThereafterTill withdrawal: No chargeCardless withdrawal: R1.20 per R100FNB ATM card withdrawal: R2.40 per R100
Cash withdrawal(International)R80(extra 2% commission& conversion fees apply)R80 + R3 per R100(extra 2% commission& conversion fees apply)
Cash depositR19.95No charge up to R2000 p.m.ThereafterR1.40 per R100R80 + R3 per R100

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General fees for FNB Easy PAYU & FNB Easy Smart accounts

Your money is safer in a bank than at home, where it is at risk of theft, fire, flood, loss, or damage. These are the general service fees for FNB Easy PAYU or Smart accounts:

ServicesDigital Banking:(FNB App, Online, USSD, Email)Assisted Banking:FNB Branch, Phone BankingFNB ATM +FNB ATM with DepositsUsing a Till Other Banks’ ATMs
Current month statementsNo chargePrinting & emailing:R50 per statementPrinting: R4 per page
Historical statements No chargePrinting & emailing:R50 per statementPrinting: R4 per page
Historical statementsNo charge
Additional statements (monthly fee)Daily: R68Weekly: R31.50Twice-monthly: R18Daily: R137Weekly: R59Twice-monthly: R31
Transactional ListR4
Posted statementsR26 per statement
Interim/provisional statementsNo chargeR25 per page (max R50)
Balance EnquiryNo chargeR8No chargeR1.90R8

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Card replacement fees for FNB Easy PAYU & FNB Easy Smart accounts

Your debit cards are protected against error and fraud. You must notify the bank of an error or unauthorized electronic transaction on time. These are the card replacement fees for FNB Easy PAYU & FNB Easy Smart accounts:

ServicesFee
Replacement feeR150
Courier delivery standardNo charge
Courier delivery scheduledR160
Branch deliveryNo charge
International deliveryR760
Urgent deliveryR265

Balance alert fees for FNB Easy PAYU & FNB Easy Smart accounts

Balance alerts notify you when your account is running low so you can avoid overdrawing the account and make better spending decisions. These are the balance alert fees for FNB Easy PAYU & FNB Easy Smart accounts:

DurationFee
MonthlyR1.25
WeeklyR3.45
DailyR16.50

Payment notification fees for FNB Easy PAYU & FNB Easy Smart accounts

Bank notifications help you monitor your account transactions and balances. Some alerts are reminders of loan payments, early warnings of potential fraud or unauthorized transactions, and more reasons. FNB Easy PAYU & FNB Easy Smart accounts have these notification fees:

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Notifications channelFee
EmailNo charge
SMSNo charge

Prepaid purchase fees for FNB Easy PAYU & FNB Easy Smart accounts

You can make online purchases with ease using your debit card. These are the prepaid purchase fees for FNB Easy PAYU & FNB Easy Smart accounts:

Prepaid purchasesFees
Prepaid Airtime Purchases (FNB App, Online)No charge
Prepaid Purchases - Other Banks ATMSR15
Connect All ChannelsNo charge
Buy Lotto and PowerballR2.70
Prepaid Electricity<=R75: R0.50>R150 &<= R150: R1.50>R150: R3.00
DStv Payments (FNB App)R7
Daily LottoR1
Traffic fineR2.70
Local card purchasesNo charge
International card purchasesNo charge(Commission and currency conversionfee 2% of transaction value)
FNB Branch/telephone banking (consultant assisted)R80

Prepaid purchasesFNB Easy PAYU – R5.25 p.m.FNB Easy Smart – R65 p.m.
Transfers and scheduled transfers via online banking and the FNB AppNo chargeNo charge
Internal debit ordersNo chargeNo charge
FNB Connect airtime purchases via online banking or mobileNo chargeNo charge
Scheduled payments via online banking and the FNB AppNo chargeNo charge
Payments via online banking or mobile channelsR1Unlimited at no charge
External debit ordersR3.50Unlimited at no charge
Prepaid Airtime Purchases (app and online)No chargeNo charge
Prepaid Airtime Purchases (USSD)No chargeR0.01-R10.00: R0.50R10.01-R25: R1R25.01+: R2

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Payments fees for FNB Easy PAYU & FNB Easy Smart accounts

Banks charge fees to help make a profit. So, the payment fees are part of a bank's revenue generation strategies. These are the payment fees for FNB Easy PAYU & FNB Easy Smart accounts:

Payment servicesFees
FNB Branch or telephone banking (consultant assisted)R80
International card purchase fee2% of transactionvalue (max R100)
Debit order stop payment – digital channelsNo charge
Debit order stop payment – telephone banking (consultant assisted)R80
Debit order stop payment – branchR80
Debit order dispute – FNB App and online bankingR5
Debit order dispute – telephone banking (consultant assisted) RR47
Debit order dispute – branch (consultant assisted)R47
Online scheduled payment (establishment and amendment)No charge
Consultant assisted scheduled payment (establishment and amendment)R20

Unsuccessful transaction fees for Easy PAYU & Smart accounts

Money may be returned to your account if your transaction is unsuccessful. In this case, the bank will charge you a returned payment fee. Here are the unsuccessful transaction fees for Easy PAYU & Smart accounts:

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Unsuccessful transactions (insufficient funds)Fees
FNB ATMNo charge
Point-of-sale, scheduled paymentand other banks’ ATMsR8
Item paid R10 per item
Item paid 2 at no cost thereafter R10 per item(applicable on a 12-month rolling period)

Convenience and value-added services fees for Easy PAYU & Smart accounts

Banks offer diverse value-added services to stand out from their competitors. Nonetheless, customers pay fees to access these services. These are the convenience and value-added services fees for Easy PAYU & Smart accounts:

ServicesFee
LOTTO/PowerballR2.70
Prepaid electricity<R75: R0.50>R75&<=R150: R1.50>R150: R3
Daily LottoR1
DStv paymentsR7
Vouchers (Entertainment, gaming, music,transport, etc.)R2.70
Real-Time Payments - Payshap and Instant PaymentFNB to other Bank (<R100 - No Charge: >R100 - R0.65 per R100)FNB to FNB (Refer to electronic payment fee)
Pay and ClearR8 (PAYU), R30 (Smart)
Account confirmation letter – onlineNo charge

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Electronic subscription services fees for Easy PAYU & Smart accounts

If you make digital subscriptions via the FNB Easy PAYU & Smart accounts, these are the subscription services fees the bank will charge you:

Services Fee per month
My Limit alertR3.80
Scheduled Payments alertR3.80

Other fees for FNB Easy PAYU & FNB Easy Smart accounts

FNB Easy PAYU & FNB Easy Smart accounts charge the following fees for online banking account verification and an online banking payment history statement:

ServicesFees
Online banking account verification(FNB accounts and other banks’ accounts)R3.54
Online banking payment history (older than 3 months)R7

eWallet fees for FNB Easy PAYU & FNB Easy Smart accounts

The eWallet transaction fees are charged to customers when they make a payment, while the merchant fees are charged to businesses when customers pay them through their eWallet. These are the eWallet fees for FNB Easy PAYU & FNB Easy Smart accounts:

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Fees for sender

ServicesFees
Send money from the FNB account to eWalletR2 + R2.40 per R100
Reverse incorrectly sent money – telephone/branchR75
Reverse incorrectly sent money – cellphone bankingR17.50

Fees for recipient

ServicesFees
Fees for recipientNo charge
Withdraw cash from an FNB ATM, FNB Mini ATM1 withdrawal at no charge for each payment received (limited to max. 4 at any time)
Withdraw cash at selected retailers No charge
Prepaid airtime transaction fee (cellphone banking)No charge
Prepaid electricityR2.70
Inactivity fee per month (after 6 months of inactivity) R5.25
Transfer from your eWallet to your FNB accountNo charge
eWallet balance inquiryNo charge
eWallet mini-statement No charge

MoneyGram fees for FNB Easy PAYU & FNB Easy Smart accounts

You can receive a guaranteed or up to 15% discount on the sending fee when transferring a MoneyGram using the ‘Direct to bank account' option where available in the destination country.

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Send amount (USD) Send fee (USD)
$0 - $50$7
$50 - $100$10
$100 - $150$11
$150 - $200$13
$200 - $250$15
$250 - $300$17
$300 - $400$19
$400 - $500$24
$500 - $600$29
$600 - $700$34
$700 - $800$39
$800 - $900$44
$900 - $1 000$49
$1 000 - $1 200$55
$1 200 - $1 500$63
$1 500 - $1 800$70
$1 800 - $2 500$90
$2 500 - $5 000$140
$5 000 - $7 500$240
$7 500 - $8 000$290

Personal loan fees for FNB Easy PAYU & FNB Easy Smart accounts

Banks charge loan application fees to cover administrative costs when processing a loan, which includes aspects of the borrower's financial risk assessment. Below is the personal loan fee for FNB Easy PAYU & FNB Easy Smart accounts:

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Fee typeAmount
Personal loan monthly service feeR69
Personal loan once-off initiation feeNo initiation fee when you top upyour existing personal loan)Up to R1 207.50

Credit fees for FNB Easy PAYU & FNB Easy Smart accounts

Banks use credit card swipe fees (interchange fees) to compensate for some of the cost of payment processing. The fee can only apply to credit cards—and never debit, even when a debit card is run like a credit. Below are the credit fees for FNB Easy PAYU & FNB Easy Smart accounts:

Fee typeAmount
Revolving facility initiation fee (once-off)Up to R1207.50 (VAT included),depending on your loan amount
Revolving facility monthly fee (agreements from 6 May 2016)R69

Benefits of having an FNB Easy account

Some benefits a customer enjoys from an FNB Easy account are unavailable in any other South African bank. The pros of having this account include the following:

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  • You can pay for DStv, clothing, prepaid airtime, data, electricity, Lotto tickets, and other lifestyle vouchers using an FNB Easy account.
  • The customer can also access loans via the bank's mobile app. Your loan limit depends on your savings habits and how much money you have saved.
  • Mobile app airtime purchases are free. You can buy data bundles and airtime for your line or other people's lines from your bank deposit. You can also buy airtime for SIMs belonging to different communication companies, e.g., Telkom, Vodacom, or MTN.
  • You can track your spending history and see historical statements online. However, the bank charges you for additional monthly bank statements when an FNB consultant helps you check your balance inquiries.
  • You can get rewarded with a monthly grocery voucher from Shoprite, Checkers, and Usave.
FNB Easy account fees
You can pay for DStv and items like clothing, prepaid airtime, data, and electricity on the FNB App. Photo: @FNBSA (modified by author)
Source: UGC

Is FNB Easy account a savings account?

FNB Easy Zero account, FNB Easy PAYU account, and FNB Easy Smart account are personal savings accounts.

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What is the cheapest FNB account to open?

The FNB Easy Zero account is the cheapest and easiest. Dial *120*277# on your phone and open the account without paperwork. The account does not have a monthly account fee or debit order fee.

Can you open an FNB account for free?

To open an account, dial *120*277# and enter your name, surname, and South African ID number. You will be allocated an FNB Easy Zero account number and can start banking immediately.

Can you use the FNB app with an Easy Zero account?

The FNB Easy Zero account app is the same as the usual FNB mobile app. Therefore, FNB Easy Zero account holders can use an FNB app to access all their banking needs.

How to withdraw money from FNB Easy Zero account?

To withdraw money, dial *120*277# on your phone and select 'Get cash.' You'll receive an ATM PIN via SMS. On the FNB ATM machine, select the green button (Enter/Proceed) or choose 'Cardless Services.' Select 'eWallet Services' and enter your phone number. Select 'Proceed' and enter the ATM PIN you received via SMS. Choose the amount to withdraw and take your cash. Ensure your transaction has ended or select 'Cancel' before leaving the ATM.

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What is the monthly fee for the FNB Easy account?

The FNB Easy Zero account does not have a monthly fee. The FNB Easy Smart account has an R65 monthly fee, while the FNB Easy PAYU account has an R5.25 monthly fee.

FNB Easy account fees
You can be rewarded with vouchers from Shoprite, Checkers, and Usave for using an FNB Easy account to buy items online. Photo: @FNBSA (modified by author)
Source: UGC

How much is FNB bank charges per month?

The FNB Easy Smart account has an R65 monthly account fee, while the monthly account fee for the FNB Easy PAYU account is R5.25. The FNB Easy Zero account does not have a monthly fee. You can access the FNB pricing PDFs from the bank's website.

What is the FNB card replacement cost?

The card replacement fee is R150. The scheduled courier delivery fee is R160, while international and urgent delivery fees are R760 and R265, respectively. Branch delivery and standard courier delivery services for a replaced card are free.

How long does it take to replace the FNB card?

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FNB card replacement delivery may take 3 to 5 working days. Call 1-888-297-3416 to report a stolen, lost, or damaged debit/credit card. You will pay a replacement fee and apply for a card replacement through the FNB App or at the nearest FNB branch or Shoprite and Checkers stores.

FNB Easy account fees should not discourage you from opening an account. The banks guarantee your money is safe with them. Additionally, keeping money in a bank instills financial discipline in a person. It also helps build a record for your future endeavours.

DISCLAIMER: This article is not sponsored by any third party. It is intended for general informational purposes only and does not address individual circumstances. It is not a substitute for professional advice or help and should not be relied on to make decisions of any kind. Any action you take upon the information presented in this article is strictly at your own risk and responsibility!

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Briefly.co.za explained the SASSA grant application process and other related details. Over ten million South Africans applied for this government grant in the initial phase of its launching.

Over 9.5 million people between 18 and 59 years, including caregivers and foreigners with a permanent residence permit, benefit from the plan.

Source: Briefly News

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