banking

[IanF]

Shyte! Make sure you make a post when you know what the real deal is. I was seriously thinking of moving my business accounts to FNB on this alone. In theory that discount/refund would go a long way to covering my banking fees.

Dave
Overall I am pretty happy with FNB just when i was looking at ebucks statement there was no credit coming through, then when I queried it they had the wrong email address. So still no answer. The way I read the programme is if you have petro cards you don't have to do anything. I will try again when I get back to the office tomorrow. Wouldn't it be nice if FNB read this and were proactive
Also it looks like to get 15% you really have to be extraordinary!

[murdock]

and with another 28 cent petrol price increase maybe it might pay me to look into it.

[Justloadit]

I had a quick look at the FNB petrol discount offer, just marketing hype, to get the 15% discount, you really have to consume large volumes of fuel. I discarded it as hot air.

[Chrisjan B]

You can fool some of the people some of the time but not all people all the time...

If it is - if, or or but then somebody is being reamed but it is not the bank...

[Dave A]

to get the 15% discount, you really have to consume large volumes of fuel.

Define "large volumes". My companies goes through quite a bit of the stuff.

[IanF]

I had a quick look at the FNB petrol discount offer, just marketing hype, to get the 15% discount, you really have to consume large volumes of fuel. I discarded it as hot air.

OK
Now out of Holiday mode, I did get Ebucks on the fuel starting at the end of December. I just checked my credit card statement as we use petrocards through the credit card. They say I am on level 3 which is 5% back So I got R221 back this goes into my Ebucks account. Now I will let this accumulate and see what big ticket item I want/need!

[IanF]

Define "large volumes". My companies goes through quite a bit of the stuff.

Dave
Nothing is simple and you have to earn points, I see I am on 15450 points which a rolling 12 month total. I have been with FNB for years. Once I have seen how to get to 16000 it will go to 7.5% so I will look into this in next week or so it will be worth it. You can check on the FNB website how to earn this.
Anyway if you spend a fortune on fuel it should be worthwhile.

[murdock]

i dont have a fnb account but i do have an ebucks account and i get rewards when i purchase at various outlets when i remember to present the card...the rewards are small but add up...unfortunately if you dont keep using the card the fees overtake the amount in the card and so you loose all your credits...

[IanF]

I see the maximum you can get is R600 a month.
Murdock I have no charges on my ebucks account so you should check that.

[Justloadit]

Define "large volumes". My companies goes through quite a bit of the stuff.

Hi Dave,

If you have a linked Petro Card the following table applies

Earn tier
(Points over a 12 month rolling period) % of Qualifying Fuel Spend (rewarded as cash back)
0 - 9, 999 1%
10, 000 - 13, 999 2, 5%
14, 000 - 15, 999 5%
16, 000 - 18, 499 7, 5%
18, 500 10% - you get 15% on EBUCKS

I have not read the terms and conditions.

[Dave A]

If that's per annum spend, this is going to be a cakewalk. Each of my service teams goes through about R3k in fuel per month on average.

[murdock]

they call it a dormancy admin fee and a dormancy admin penalty

[Chrisjan B]

What utter nonsense excuse to make more money....

I am not getting so worked up Dave will soon ban me for swearing....

[Troll]

Has anyone got views on Nedbank?

[murdock]

10 years ago nedbank almost shut my company down..they sent me a letter in the post telling me i was not managing my account properly and gave me 7 days to pay up my overdraft....credit cards and petrol cards...they called in all my suerities which was more than the amount outstanding but it almost shut me down...thats why i was glad to hear a rumour that they have been experiencing losses and are looking into retrenchmentng staff unless things pickup...

absa bank told me t fly a kite they were not even interested in opening a savings account...thats why i would never open an account with them and closed one of my credit cards because the woolworths credit card has been taken over by absa.

standard bank was the only bank who were prepared to help me....i know i bitch and moan about them all the time but maybe thats why i am still with them...they opened a savings account which helped me build up to where i am now...i have a really good rating with them again and i get calls from them when my account has issues...i no longer call them.

i believe it is time i manage my money and moving banks is not gona help...so i need to get smart and think a little before i just spend or move money around...find more cost effective ways to pay for stuff...like with the credit card etc.