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/services

Fees

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 p.m.

Till deposits

R19.95

Till withdrawals

No charge

EFT payments

R1

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Balance inquiries fees

Balance inquiries services

Fees

Using mobile and online

No charge

Point-of-sale

R1.90

Other banks’ ATMs or telephone banking (consultant assisted)

R8

Other FNB Easy Zero account fees

Transactions/services

Fees

Prepaid airtime or data purchase

No charge

Prepaid electricity

<=R75:

R0.50

>R75 &<= R150:

R1.50

>R150:

R3

Reversal of incorrect sent money to eWallet – telephone/branch

R75

Reversal of incorrect sent 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 an FNB branch

R150

Real-Time Payments – Payshap and Instant Payment

FNB 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 facilities

R4 (per page)

DSTV payments (Applicable to Buy tab)

R7

In-contact notifications

No 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:

Services

Till

FNB ATM with deposits

Other Banks' ATMs

Assisted banking FNB Branch

Cash withdrawal (Local)

No charge

R8.50 per R1000 up to R2000

Thereafter

Cardless ATM withdrawal:

R1.20 per R100

ATM card withdrawal:

R2.40 per R100

R12.00 + R2.40 per R100.00

R80.00 + R3.00 per R100.00

Cardless cash withdrawal

R8.50 per R1000 up to R2000

Thereafter

Cardless 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 deposit

R19.95

R1.40 per R10

R80 + 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:

Services

Till

FNB ATM with deposits

Other Banks' ATMs

Assisted banking FNB Branch

Cash withdrawal (Local)

No charge for up to R2000 p.m.,

Thereafter

Till withdrawal:

No charge

Cardless withdrawal:

R1.20 per R100

FNB ATM card withdrawal:

R2.40 per R100

No charge for up to R2000 p.m.,

Thereafter

Till withdrawal:

No charge

Cardless withdrawal:

R1.20 per R100

FNB ATM card withdrawal:

R2.40 per R100

R12 + R2.40 per R100

R80 + R3 per R100

Cardless cash withdrawal

No charge for up to R2000 p.m.,

Thereafter

Till withdrawal:

No charge

Cardless withdrawal:

R1.20 per R100

FNB ATM card withdrawal:

R2.40 per R100

No charge for up to R2000 p.m.,

Thereafter Till withdrawal:

No charge

Cardless withdrawal:

R1.20 per R100

FNB 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 deposit

R19.95

No charge up to R2000 p.m.

Thereafter

R1.40 per R100

R80 + 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:

Services

Digital Banking: (FNB App, Online, USSD, Email)

Assisted Banking: FNB Branch, Phone Banking

FNB ATM + FNB ATM with Deposits

Using a Till

Other Banks’ ATMs

Current month statements

No charge

Printing & emailing: R50 per statement

Printing: R4 per page

Historical statements

No charge

Printing & emailing: R50 per statement

Printing: R4 per page

Historical statements

No charge

Additional statements (monthly fee)

Daily:

R68

Weekly:

R31.50

Twice-monthly:

R18

Daily:

R137

Weekly:

R59

Twice-monthly:

R31

Transactional List

R4

Posted statements

R26 per statement

Interim/ provisional statements

No charge

R25 per page (max R50)

Balance Enquiry

No charge

R8

No charge

R1.90

R8

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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:

Services

Fee

Replacement fee

R150

Courier delivery standard

No charge

Courier delivery scheduled

R160

Branch delivery

No charge

International delivery

R760

Urgent delivery

R265

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:

Duration

Fee

Monthly

R1.25

Weekly

R3.45

Daily

R16.50

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 channel

Fee

Email

No charge

SMS

No 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 purchases

Fees

Prepaid Airtime Purchases (FNB App, Online)

No charge

Prepaid Purchases - Other Banks ATMS

R15

Connect All Channels

No charge

Buy Lotto and Powerball

R2.70

Prepaid Electricity

<=R75:

R0.50

>R150 &<= R150:

R1.50

>R150:

R3.00

DStv Payments (FNB App)

R7

Daily Lotto

R1

Traffic fine

R2.70

Local card purchases

No charge

International card purchases

No charge (Commission and currency conversion fee 2% of transaction value)

FNB Branch/telephone banking (consultant assisted)

R80

Prepaid purchases

FNB Easy PAYU – R5.25 p.m.

FNB Easy Smart – R65 p.m.

Transfers and scheduled transfers via online banking and the FNB App

No charge

No charge

Internal debit orders

No charge

No charge

FNB Connect airtime purchases via online banking or mobile

No charge

No charge

Scheduled payments via online banking and the FNB App

No charge

No charge

Payments via online banking or mobile channels

R1

Unlimited at no charge

External debit orders

R3.50

Unlimited at no charge

Prepaid Airtime Purchases (app and online)

No charge

No charge

Prepaid Airtime Purchases (USSD)

No charge

R0.01-R10.00:

R0.50

R10.01-R25:

R1

R25.01+:

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 services

Fees

FNB Branch or telephone banking (consultant assisted)

R80

International card purchase fee

2% of transaction value (max R100)

Debit order stop payment – digital channels

No charge

Debit order stop payment – telephone banking (consultant assisted)

R80

Debit order stop payment – branch

R80

Debit order dispute – FNB App and online banking

R5

Debit order dispute – telephone banking (consultant assisted) R

R47

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 ATM

No charge

Point-of-sale, scheduled payment and other banks’ ATMs

R8

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:

Services

Fee

LOTTO/Powerball

R2.70

Prepaid electricity

<R75:

R0.50

>R75&<=R150:

R1.50

>R150:

R3

Daily Lotto

R1

DStv payments

R7

Vouchers (Entertainment, gaming, music, transport, etc.)

R2.70

Real-Time Payments - Payshap and Instant Payment

FNB to other Bank (

<R100

- No Charge:

>R100 -

R0.65 per R100) FNB to FNB (Refer to electronic payment fee)

Pay and Clear

R8 (PAYU), R30 (Smart)

Account confirmation letter – online

No charge

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:

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Services

Fee per month

My Limit alert

R3.80

Scheduled Payments alert

R3.80

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:

Services

Fees

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:

Fees for sender

Services

Fees

Send money from the FNB account to eWallet

R2 + R2.40 per R100

Reverse incorrectly sent money – telephone/branch

R75

Reverse incorrectly sent money – cellphone banking

R17.50

Fees for recipient

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Services

Fees

Fees for recipient

No charge

Withdraw cash from an FNB ATM, FNB Mini ATM

1 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 electricity

R2.70

Inactivity fee per month (after 6 months of inactivity)

R5.25

Transfer from your eWallet to your FNB account

No charge

eWallet balance inquiry

No 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.

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

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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:

Fee type

Amount

Personal loan monthly service fee

R69

Personal loan once-off initiation fee

No initiation fee when you top up your 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 type

Amount

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.

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.

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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.

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.

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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?

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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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

Authors:
Peris Walubengo avatar

Peris Walubengo (Lifestyle writer) Peris Walubengo has vast experience in search engine optimization through digital content generation, research, editing, and proofreading. She joined Briefly.co.za in November 2019 and completed the AFP course on Digital Investigation Techniques. You can email her at perisrodah254@gmail.com.