CASH STASH ACCOUNT IS LAUNCHED FOR BUSINESSES
FNB is offering businesses a free Cash Stash Account, which will be automatically opened for you on your FNB Online Banking profile.
The Cash Stash Account can be used for any money you would like to ring-fence in your business. Money can be ‘stashed away’ to pay for important events or for upcoming payments.
You can only transfer to and from your business transaction account and your money is immediately available if your business needs it.
Interest is paid on the balance of your Cash Stash Account and you can change the name of ‘Cash Stash’ to any name you would like on your FNB Online Banking profile.
If you do not want this account, please don’t transfer any money into it. The account will automatically close and be removed from your FNB Online Banking profile after three months
I was thinking this would be a perfect account for VAT VENDORS to stash away their VAT so there are no suprises when its time to pay VAT.