Forex
Pricing Guide
1 July 2015 - 30 June 2016
First National Bank - a division of FirstRand Bank Limited. An Authorised Financial Services and Credit Provider (NCRCP20).
Forex
When it comes to your foreign
exchange requirements, FNB has
kept your convenience top of mind.
As such, we have adapted our Forex
for personal banking and simplified
your Forex transactions so that
you can easily:
• Receive money from abroad
• Send money abroad
• Pay tuition fees in
another country
Global
Payments
•• If you regularly receive money in a foreign currency from
abroad, why not give us permission to convert these payments
on your behalf? That way, you can earn up to 100% back
in eBucks* on the transaction charges
•• Did you know that sending and receiving money in a foreign
currency via Online Banking or the FNB Banking App will also
earn you up to 50% back in eBucks* on transaction charges?
•• So, next time you need to order foreign currency, pay for
shipments from abroad or receive incoming foreign currency
payments, don’t hesitate to login to FNB Online Banking, the
FNB Banking App on your smartphone or contact the FNB Forex
Advisory Team on 0860 1 FOREX (36739)
• Buy clothing and goods from
anywhere in the world
• Order foreign currency –
*For eBucks Terms and Conditions, visit www.eBucks.com.
and have it delivered to your
business premises
• Pay in advance for your
travel arrangements such as
accommodation, cruises,
car hire, etc.
Global Accounts
FNB Global Accounts makes offshore investment simple and
convenient. With Global Accounts via Online Banking, you can:
•• Open and manage your
Global Accounts online
•• Hold your individual foreign
investment allowance in a
foreign currency by simply
transferring funds from your
FNB Cheque Account into
your Global Account
•• Make payments to an
offshore account from
your Global Account
•• Repatriate authorised
capital from abroad or send
your foreign earnings from
wherever you are in the world
to your Global Account
(All transactions are subject to the
South African Reserve Bank requirements)
Global Accounts are offered in the following currencies:
•• US Dollar
•• British Pound
•• Euro
•• Australian Dollar
•• Indian Rupee
•• Chinese Renminbi
Travel
Solutions
•• Foreign Notes: cash in the currency
of the country you’re travelling to
for taxis, and a coffee at the airport
•• Multi-currency Cash Passport:
a chip & PIN-enabled travel card
offering four currencies
on one card so you can spend
at merchants or withdraw at
ATMs displaying the Mastercard®
acceptance mark
MoneyGram™
Send money to more than 200 countries worldwide with MoneyGram™.
It is quick, easy and safe to get cash to your friends and family around
the world.
•• Load your beneficiaries in
branch and next time send
cash using MoneyGram via
Cellphone Banking or any
FNB ATM. (Transactions via
Cellphone Banking and ATM
can only be done to preloaded beneficiaries.)
•• You will receive a reference
number confirming you
have sent the money.
You will need to give this
reference number to the
beneficiary
•• The beneficiary can then
go to their nearest
MoneyGram agent in their
country with the reference
number and present their
identification document to
collect the money within
minutes of you sending it
Travel Products
Travel Products Bought from FNB
Online and Call Centre
Branch
Cash Passport Initial Card Fee (per currency)
R 80.00
R 130.00
Cash Passport Commission
1.85%
(minimum R 68.00)
1.95%
(minimum R 75.00)
Foreign Notes Commission
1.95%
(minimum R 75.00)
1.98%
(minimum R 90.00)
LSL, NAD, SZL (CMA countries) Notes Commission
3.15%
(minimum R 100.00)
3.15%
(minimum R 100.00)
Cash Passport
Foreign Notes
Delivery
Delivery Fee
R 160.00
Failed delivery Fee (if customer is not available when appointment was made)
R 185.00
Travel Products Sold to FNB
Cash Passport
If credited to an FNB transactional account
FREE
If paid out in cash or credited to any other account
1.85%
(minimum R 68.00)
1.95%
(minimum R 75.00)
Foreign Notes
Foreign Notes commission
1.98%
(minimum R 90.00)
LSL, NAD, SZL Notes commission
3.15%
(minimum R 100.00)
Online and App
Branch and
Call Centre
Commission
0.52%
(minimum R 140.00
maximum R 680.00)
0.54%
(minimum R 150.00
maximum R 700.00)
SWIFT Fee
R 105.00
R 105.00
Additional Fee if payment is sent in South African Rand
R 130.00
R 130.00
Commission
0.52%
(minimum R 145.00
maximum R 680.00)
0.52%
(minimum R 145.00
maximum R 680.00)
Additional Fee if payment is received in South African Rand
R 130.00
R 130.00
Foreign Cheques
All Channels
International Payments
Global Payments (SWIFT)
Global Receipts (SWIFT)
Drafts
Commission
1.25% (min R230, max R900)
Draft charge
R100.00
Bills Negotiable
Commission
1.25% (min R230, max R900)
Low Value Global Receipts (SWIFT) and Bills Negotiable
Commission
ZAR Fee
Received in a Foreign Currency
Value R 0 - R 100.00
R 31.00
Value R 100.01 - R 500.00
R 62.00
Value R 500.01 - R 1000.00
R 118.00
Value R 1 000.01 +
Standard Pricing
Received in South African Rand
Value R 0 - R 100.00
R 31.00
FREE
Value R 100.01 - R 500.00
R 62.00
FREE
Value R 500.01 - R 1 000.00
R 118.00
FREE
Value R 1 000.01 - R 2 000.00
R 145.00
R 35.00
Value R 2 000.01 - R 3 000.00
R 145.00
R 95.00
Value R 3 000.01 +
Standard Pricing
Standard Pricing
Inward Pension Receipts
Value R 0 - R 1 000.00
R 16.00
Value R 1 000.01 - R 5 000.00
R 32.00
Value R 5 000.01 - R 10 000.00
R 48.00
Value R 10 000.01 - R 25 000.00
R 51.00
Value R 25 000.01 - R 40 000.00
R 53.00
Value R 40 000.01 +
R 55.00
Global Accounts, MoneyGram™ and other Products or Services
Global Accounts
Interest Rate
View on www.fnb.co.za
Transfer to/from your Rand account
R 60.00
Transfer between Global Accounts
R 60.00
Withdrawal or deposit using another Forex product
Charges as per Forex product used
MoneyGramTM
Send Amount (USD) From
Send Amount (USD) To
Send Fee (USD)
$ 0.01
$ 50.00
$ 7.00
$ 50.01
$100.00
$ 10.00
$ 100.01
$ 150.00
$ 11.00
$ 150.01
$ 200.00
$ 13.00
$ 200.01
$ 250.00
$ 15.00
$ 250.01
$ 300.00
$ 17.00
$ 300.01
$ 400.00
$ 19.00
$ 400.01
$ 500.00
$ 24.00
$ 500.01
$ 600.00
$ 29.00
$ 600.01
$ 700.00
$ 34.00
$ 700.01
$ 800.00
$ 39.00
$ 800.01
$ 900.00
$ 44.00
$ 900.01
$ 1 000.00
$ 49.00
$ 1 000.01
$ 1 200.00
$ 55.00
$ 1 200.01
$ 1 500.00
$ 63.00
$ 1 500.01
$ 1 800.00
$ 70.00
$ 1 800.01
$ 2 500.00
$ 90.00
$ 2 500.01
$ 5 000.00
$ 140.00
$ 5 000.01
$ 7 500.00
$ 240.00
$ 7 500.01
$ 10 000.00
$ 290.00
Other Products and Services
Forward Exchange Contracts
Establishment
R 105.00
Drawdown (per drawdown)
R 105.00
Cancellation
R 105.00
Extension
R 105.00
Exchange Control Applications to the SARB
Minimum per application
R 1 200.00
Minimum special request or follow up discretionary admin fee
R 100.00
The Small Print
FNB’s Small Print is straightforward. Here we go:
Information on our products and prices
•• FNB, a division of FirstRand Bank Ltd.,
reserves the right to change fees or
introduce new fees from time to time.
terms and conditions with the applicant. •• Fees quoted “as per R 100” or
omission is found.
If there is disagreement between the
“per R 500” include parts thereof.
product or facility-specific terms and
•• When Cellphone Banking is referred to,
•• You must apply for each facility
or product individually.
If we do this, though, we’ll give you at
least 20 business days’ notice of
be held responsible if an error or
•• The grant of any facility or product is
pricing guide, we’ll follow the product
these changes. You’ll find changes
subject to you meeting the qualifying
or facility-specific terms and conditions
on www.fnb.co.za or on FNB ATMs.
criteria of that product or facility.
that apply to such a facility or product.
•• We strive to keep the information
•• Each facility or product has a set of
standard network rates apply.
conditions and what’s outlined in this
•• The Bank reserves the right to
•• All fees quoted are VAT inclusive
and are effective from 1 July 2015
to 30 June 2016.
•• The fees included here are not all of
provided in the pricing guide as
terms and conditions for that specific
change the features of any product
FNB’s fees. For all the fees on this
accurate as possible, and we will not
facility or product. We agree on these
or facility at any time.
account, please go to www.fnb.co.za.
First National Bank, a division of FirstRand Bank Ltd, is an Authorised Financial Services Provider. Terms, Conditions and Rules apply. Standard network rates apply.
Standard terminology
If you want to compare FNB’s fees with those
that other banks may use. So, FNB’s term – as per
FNB uses the term “eChannels”, which refers
of other banks, we have, as far as possible, used
this pricing guide – is “Card Purchase”, while the
to FNB Online Banking, Cellphone Banking,
standard terminology throughout this pricing
standard terminology is “Card Transaction”; FNB’s
Telephone Banking Interactive Voice
guide. This is in line with Section 13 of the
term is “Payment”, while the standard terminology
Response (IVR) and FNB ATMs. FNB’s “Mobile
Code of Banking Practice (COBP). In the case
equivalent is “Third Party Payment/Stop Order”.
Channels” refer to Cellphone Banking and the
where we’ve used FNB-specific terminology,
FNB uses the term “Slimline Devices” whereas
FNB Banking App.
we’ve added this here showing the wording
other banks might call them Mini ATMs.