The First National Bank, FNB, is one of the oldest banks in South Africa. It has been in existence since 1864. Having been in operation for more than one hundred and fifty years, the bank believes in being committed to serving its customers. That commitment explains why the bank has existed this long. It is also a proof of confidence in the bank. If you are not a member, you should be asking yourself, 'What do I need to open a bank account at FNB?'
Community service is one of the values that the bank stands for. Being efficient and reliable is what the bank strives to achieve. For that reason, one of the wisest decisions that one can ever make is just onto the bandwagon and be part of the FNB family. That way, you will experience the most reliable services and the additional packages that the bank has to offer. But first, you need to stop and ask yourself, "what do I need to open a bank account at FNB?"
Open an FNB account
The process of FNB account opening is not as complicated as it may sound. It is nearly the same as that of the other banks in the country. According to a statement that the CEO of FNB Points of Presence made, "with compliance to the Financial Intelligence Centre Act (FICA), the national identity is not enough to open FNB account."
READ ALSO: How does eWallet work
Having made such a statement, you should, first of all, ask yourself, 'what do I need to open a FNB account?' Being in possession of all the required documents will make the process smoother and easier for you. This is the list of documents that you will need to open the account:
1. Proof of identity
The bank is particular about this requirement. One should have a valid smart card Identification document or an authentic identity book that has the green bar codes. This is one of the essential documents that one should present when they intend to apply for FNB account.
2. Proof of address
The bank will also require the prospective account opener to give a valid address of their FNB proof of residence. The documents that one can use as proof of residence FNB include; a municipal utility bill. A clothing bill of not less than three months can also be used as a proof of residence.
3. The minimum opening deposit
For every account, the owner is expected to pay a deposit while opening it. The FNB open account charges are dependent on the type of account that one would have opened.
What do I need to open a FNB account if I am not a citizen of South Africa? These requirements apply to South African citizens. Foreigners too, qualify to bank with FNB. A foreigner living in South Africa too can bank with FNB. These are the FNB non resident account requirements:
A passport acts as the proof of identity of the applicant. It should be valid and clearly state the official name of the applicant and their country of origin.
2. A study permit or a work permit
Depending on the case, the applicant is expected to present the official documents from the Ministry of Home Affairs declaring that their stay in the country is valid. The bank accepts other permits like the business permits., visitors permit,
The applicant will also be required to deposit the stipulated amount that is needed to activate the account.
FNB online account opening
You can also open FNB account online. The process on how to open a bank account online FNB is so straight-forward, and you can do it at the comfort of your home. The good thing about this service is that you do not need to open FNB new account to benefit from it. Alternatively, you can update the details of your FNB current account, and that way, you will be good to go.
FNB bank accounts
The bank has several FNB account types that one can go for. Some of the accounts include:
- FNB business account
- FNB savings account
- FNB student account
- FNB smart account
- FNB youth account
- FNB easy account
- FNB cheque account
- FNB premier cheque account
- FNB platinum cheque account
Each one of these accounts has requirements that one is supposed to present during the opening account stage. For instance; the FNB business account required documents are different from those of the student account. The same way the FNB business account requirements are different from those for the other account.
FNB business account types
Opening a business account with FNB is one of the most crucial and sensitive parts that the new applicant should take into consideration. The process involves a lot of caution, especially when selecting the account type that one is going for. So far, these are the business account types that they can choose from;
- The Gold account.
- The Premier account.
- The Private clients account.
- The Private wealth account.
Non-compliant business owners can upload their FNB FICA documents using the KYC Doc Uploader. The bank issued a statement saying that the business persons who were not compliant had been sent messages urging them to upload their FICA documents FNB. Upon uploading the documents, the information in the documents will be verified within two days, after which the applicant would be notified.
SARS banking details FNB
If you wish to pay SARS through FNB, the procedure is very possible. FNB is one of the bank that has been listed to allow for payments to be made. Individuals are warned to be keen to ensure that they feed in the right beneficiary identification details and the reference number for the transaction.
FNB is one of the most convenient banks. It is among the top five banks in the country. That means that regarding reliability, a client can rely on it. It has some of the best rates and services. If you have been asking yourself, What do I need to open a bank account at FNB, the details will be of help to you.
Capitec, FNB, ABSA, Nedbank: Find out where these banks fall on the list of South Africa’s best digital bank 2019?
- FNB reverse payment - How can you reverse an EFT payment FNB with ease?
- Everything you need to know about a Revolving Loan
- How to apply for business grants? DTI, SEDA, IDC, NEF