First National Bank
FNB Service Fees a rip off for pensioners

Business & Finance

I am a 70 year old pensioner with a Smart Cheque account with FNB. I was assured of a monthly fixed cost.
To my surprise today, FNB has debited R632 for fees and charges. Cash deposit fee of R70, Service fee of R104, value added service fee of R418, waivable service fee of R23, and an account fee of R11. This is ridiculous, even though it was very convenient, I will be better off to draw my money and keep it at home. I am always in a credit amount. The way they charge for fees, it feels like I owe them millions in an overdraft.
It is sad that we get ripped off in this regard, while millions can be spent on sponsorship for sports.

I will most definitely change to a cheaper bank if FNB can't resolve this. I will still save if I have to drive to town and do my banking there, than pay them these rip off amounts in fees and charges


Company: First National Bank
Country: South Africa
City: Marble Hall
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