Banking Rewards

Banks reward you, their customer, by letting you earn rewards on your daily purchases. A comparison of all the benefits of each bank’s rewards programme is shown below. Please note that “eligible purchases” exclude all cash withdrawals, electronic transfers and payments, casino chip purchases, foreign exchange purchases, bank fees, garage card purchases and certain other criteria that differ for each bank.

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Monthly/Annual Membership Fees:

Free if your FNB cheque card qualifies (see criteria here) or if you register with an FNB credit card there is an annual fee of R200 R179 Annual Fee R21pm R20 PM or R240 Annual Fee

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Banking rewards info:

Banking rewards are there to try and reward your loyalty to your bank. Although you might see great benefits from these programmes, you must be aware of the monthly fee (this fee is payable if you make use of the rewards programme or not).

Another reason banks offer rewards to their customers is that they are trying to instill good banking habits in you, we will elaborate this point with the use of an example.. As we are moving more and more towards a pure electronic banking system, whereby currency is now digital (simply think of how the need to carry around physical cash is becoming more and more unnecessary) the need for branches to handle cash transactions is also slowly but surely going to become a thing of the past. Every year banks spend billions on the maintenance of these branches, staff costs and transport of currency to and from these branches, but with a pure electronic banking system these costs simply don't exist as everything is automated. This reason is why banks reward you for only using electronic means (swiping for eligible purchases and using internet banking) because the cost of you transacting this way is next to nothing.

It is not just the banks that prefer you to only transact electronically, it is also much cheaper for you, as all electronic bank transactions are included in your monthly fee meaning that if you become habitual about always swiping for purchases and making use of internet banking, you will save money on transaction fees associated with withdrawing/depositing cash as well as earn rewards points that you can use to buy goods and services..

Reviews

FNB -

MAKGAMATHA 20-01-2017

FNB - Miss

Can u give the student lone I will u after study get a job

aya07 16-01-2017

FNB - Miss

Can u give the student lone I will u after study get a job

aya07 16-01-2017

ABSA -

zet 13-01-2017

NEDBANK - Miss

Miss Rakojoane

katleho 07-01-2017

FNB - Mr

Study loan request for varsity fees for 2017

Huna 05-01-2017

ABSA - Unhappy 30yr loyal customer

1) Poor Service delivery to ABSA Private Bank Clients 2) Poor Exchange Rates for ABSA Private Bank Clients 3) As 30yr old customer ABSA has changed its focus on ABSA and not their customers as "cornerstone" of their business as set out in their code of conduct. 4) This customer urgently looking to bank elsewhere in 2017 HELP PLEASE!

KingLion 31-12-2016

FNB -

EmilioMorgan 19-12-2016

CAPITEC BANK - Pretty good

Like the simplicity for dealing with the bank when there is an issue.

Astroweb 17-12-2016

FNB -

mudau 13-12-2016

FNB -

jowimasoga 12-12-2016

FNB - Think zuma's admin department do FNB too

Worst bank . They need to get all their branches on the same page with relation to what documents are accepted for verification & proofs.I was told this morning by a FNBKYC rep, that each branch has their own veriation and terms regarding type of acceptable documents. i had taken 3 different documents which are on the "list of acceptable documents" to be told at Long Street FNB Branch they would not accept them.

mathieut 23-11-2016

FNB -

thembuz88 18-11-2016

FNB -

Bxudhswhdv 18-11-2016

CAPITEC BANK - Great

bradhogg 18-11-2016

CAPITEC BANK - Cool

Cool

timp 18-11-2016

FNB - Not bad!

timp 18-11-2016

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