FNB Pay and Clear cost 2024: All you need to know about your updated charges
The First National Bank (FNB) of South Africa does its best to keep up with the ever-evolving e-commerce industry. FNB customers can conveniently make instant payments to other banks quickly. This is possible through the FNB Pay and Clear service. Discover the FNB Pay and Clear cost in 2024.
Source: UGC
Instant cash transfer methods have gained popularity across South Africa. Millions of bank transactions happen every day, with many people opting for instant money transfers. Many people are curious about the FNB Pay and Clear cost in 2024, and here is all the information you need.
FNB Pay and Clear cost in 2024
FNB is among the leading financial institutions in South Africa. The bank has professionals offering quality services, and its ultimate goal is to ensure customer satisfaction through facilitating seamless services, including money transfer services.
FNB's Pay and Clear service is a fee-based service that enables payments from FNB to participating banks to be cleared within 60 minutes. Customers should note that it may take longer to clear if they have a public recipient.
Latest Pay and Clear charges
The Pay & Clear Now service is available when making payments via the FNB app, online banking, FNB branches, and selected service suites.
It is worth noting that there is no need for an FNB Pay and Clear cost calculator because the transaction charges are fixed and made public on the FNB pricing guide on the bank's site.
The general transaction fees are R8 for amounts less than or equal to R3,000 and R15 for transactions greater than R3,000. Check out the FNB Pay and Clear fee guide below.
| Account type | Transaction fees |
| Gold Business account | ≤R3,000: R8, ≥R3,000: R15/Once R0 per month, thereafter R15 pertransaction (single fee pricing) |
| Platinum Business account | ≤R3,000: R8, ≥R3,000: R15/Once R0 per month, thereafter R15 pertransaction (single fee pricing) |
| Healthcare account | ≤R3,000: R8, ≥R3,000: R15/Once R0 per month, thereafter R15 pertransaction (single fee pricing) |
| Digital banking solutions | ≤R5m: R45, ≥R5m: R60 (immediate payments) |
| Online Banking Enterprise bundle | ≤R5m: R10, ≥R5m: R35 (monthly fee) |
Conditions for Pay and Clear
Below are the terms and conditions for this service.
- A Pay & Clear payment instruction cannot be undone or reversed.
- If you need the recipient's contact information to recover your money, FNB can give you the details in good faith and with the recipient's consent. You will be charged for this service and fill and submit the FNB Payments Reversal Request Form.
- A Pay & Clear Now payment must not be split to circumvent the industry payment limit.
- Successful Pay & Clear payments take up to 60 minutes to clear.
- Payments cannot exceed R5m from 00:01 am to 16:00 pm on weekdays.
- Payments cannot exceed R250,000 from 16:01 pm to 00:00 on weekdays.
- Payments cannot exceed R250,000 from 16:01 pm to 00:00 on weekends and public holidays.
FNB Pay and Clear times
Usually, payments take up to 60 minutes to clear. Customers should know that payments made from an FNB/RMB account to other banks may take up to 2 business days to clear.
Those made from an FNB/RMB account to an FNB/RMB account may take up to 12 hours to clear. Active FNB customers do not have to register again to use the Pay and Clear service.
Remember that the transactions can only be made with participating financial institutions. You should familiarise yourself with the requisite FNB fees before initiating a transaction.
FNB bank charges per month
FNB bank charges vary depending on the type of account and the transaction. Below is a breakdown of some of the charges customers incur.
Withdrawal fees at FNB
Here are some of the withdrawal fees.
| Withdrawal | Price |
| FNB ATM | R1.90 per R100 |
| Other banks’ ATMs | R9 + R1.90 per R100 |
| FNB branch/ cheque | R60 + R2.10 per R100 |
| International ATM (Additional 2.75% commission and conversion fee applies) | R70 |
| International Branch (Additional 2.75% commission and conversion fee applies) | R70 + R2.10 per R100 |
FNB deposit fees
FNB account fees vary with different accounts. Here are some of the FNB cash deposit fees charged.
| Deposit | Price |
| Cash deposit at an FNB ATM | R0.95 per R100 |
| Cash Deposit at an FNB branch | R60 + R2.10 per R100 |
| Cheque deposit at an FNB branch and ATM | R50.00 + R7.50 per cheque (Max. R120) |
| ENC upliftment fee | R300 |
| Special clearance fee | R300 |
What does FNB Pay and Clear Now mean?
Pay & Clear Now is a fee-based service by FNB. It enables payment from FNB to participating banks to be cleared within one hour.
How do I Pay and Clear my FNB online banking?
The associated fee for this service will be automatically deducted from your account when you transact. Therefore, there is no special procedure you must follow to pay your dues.
How do I contact FNB from overseas?
If you are calling from outside South Africa, dial +27 11 371 3711 followed by the 0877 FNB 247 when prompted.
How much does FNB PayShap cost?
If you use PayShap, you pay R0 for amounts up to and including R100. Transactions above R100 attract a charge of R0.65 per R100.
How much does Pay and Clear Now cost at FNB?
Pay and Clear Now costs R8 for transactions worth ≤R3,000 or R15 for transactions worth ≥R3,000.
How much is FNB Pay and Clear to Capitec?
Pay and Clear Now costs to Capitec are R8 for transactions worth ≤R3,000 or R15 for transactions worth ≥R3,000.
How much is an FNB immediate payment?
The cost of an Instant Payment transaction is R7 per transaction. Note that the service is free on Private Wealth in bundle pricing.
How much does Pay and Clear cost at FNB?
Pay and Clear Now costs R8 for transactions worth ≤R3,000 or R15 for transactions worth ≥R3,000.
What are the benefits of being an FNB private client in South Africa?
The benefits of being an FNB private client include dedicated relationship managers, personalised banking solutions, exclusive access to products and services, eBucks rewards, a private advisor, and a 24/7 service suite, among others.
The FNB Pay and Clear cost in 2024 is quite affordable. The bank continuously improves its services to ensure customers have the best experience.
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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