According to the Solidarity Bank Charges Report 2024, FNB’s Easy PAYU and Aspire bank accounts offer the best value for money to customers in South Africa. This is the third consecutive year that FNB has been recognised by the Institute for work being done to make their accounts affordable to customers.
The objective of the report is to give consumers a comparative overview of the transactional accounts that the biggest banks in South Africa have to offer. This year’s report shows that FNB is leading on price and value in several categories, including entry banking and middle-income accounts.
In the report, Solidarity notes that for consumers with basic banking needs, FNB’s Easy PAYU account again took the honours this year for both the 12 and 17 transactions basket. The most significant factor distinguishing this account from the others is the number of free transactions included in the monthly fee of R5.25. This is the only account in this category where airtime purchases are free. Cash withdrawals at shop counters are also free at FNB.
Similarly, for ‘middle-income’ customers, the survey states that with a basket of 25 transactions, FNB’s Fusion Aspire Account is the winner. The monthly fee of R99 includes all the transactions in their basket, with the only exception being the purchase of electricity.
Christelle Pretorius, CEO of Personal Core Banking at FNB says, “The findings demonstrate our commitment to providing affordable and accessible market-leading value propositions that seamlessly integrate customer-centric advice for its customers. We remain at the forefront of innovation, and recently, our popular appeal was recognised with an accolade for the “Strongest Banking Brand in the World” by Brand Finance.
Whether customers are looking for a bank account for everyday use or more comprehensive services with a range of features and benefits, FNB has an option that will suit their needs,” concludes Pretorius.
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