As part of its annual review, First National Bank (FNB) announced it’s replacing its current Gold account with a new account called Aspire. Aspire clients will be able to pay their bank fees with eBucks and will gain access to a sleek new black bank card.
“This year, we are transforming our FNB Gold to FNB Aspire, with a monthly account fee that’s reduced from R109 to R99 for customers who earn between R180,000 and R450,000 per annum. The Aspire proposition offers exceptional value to individuals and families, including a 50% reduction in spousal monthly account fee and up to R310 back in monthly eBucks with no rewards levels,” says Raj Makanjee, CEO of FNB Retail.
FNB Aspiring more
In addition to the newly formed account option, FNB announced that it has zero-rated some of its fees, including third-party payment and inContact SMSes. The new account also introduces the following benefits, according to the press release:
- Customers who only hold an Aspire Credit Card will get 2 complimentary SLOW Lounge visits when they book with eBucks Travel.
- Aspire customers receive 500MB data, 30 voice minutes & 30 SMSs every month on their Connect account with extra 500MB data when they top up their Connect SIM with R100 or more during the month.
- Use your FNB account or have a Life/Funeral Cover policy for 12 months and it’ll give you R1,500 towards a pair of sneakers or trainers on Aspire.
eBucks rules have also received a small overhaul, and will now work like this:
- Spend and Earn up to 15% back in eBucks at iStore.
- Choose to pay your monthly account fee with your eBucks using the App.
- Unlock an Avis Car Hire discount of up to 40% off when you book flights on the App.
- Qualifying Connect customers can get up to 2GB, 30 voice min and 30 SMSes each month.
- Customers get up to 2GB data, 30 voice minutes & 30 SMSs every month on their Connect SIM.
Over the past few years, the banking sector in South Africa has seen an impressive evolution with many digital banks popping up. This has increasingly pushed traditional banks in this country to develop new, interesting strategies to retain their customers and gain new ones. FNB has been at the forefront of developing new solutions, including its nav offering.