FNB slashes license disc renewal fee, making it the cheapest option in South Africa

UPDATE 12/03/2024: FNB South Africa has confirmed that the “promotional time period” mentioned in the press release began yesterday, 11 March 2024, and will run until 30 June 2024.

Imagine still visiting the post office or somewhere similar to renew your car’s license when the FNB app exists. It’s possible you weren’t aware of FNB’s abilities to get your license renewal sorted, nor that it only cost R100 for a renewal. That was the headline in November, anyway. Now, FNB has cut that price to R70 per renewal for a “promotional time period”. If you’ve been doing your best impression of a procrastinator, it’s time to move.

Going Postal

Better yet, that R70 includes the delivery fee and allows customers to pay that rate using plain ol’ cash or by pulling from their stash of eBucks. Oh, and if you get a no-obligation insurance quote through FNB insurance, and renew your license through the app, FNB will dole R99 worth of eBucks into your account, free of charge.

“This decision is in line with the bank’s ethos of help and is informed by the economic pressures that consumers are experiencing, such as high interest-rates and inflation,” FNB said in a statement.

Jolandé Duvenage, nav» Chief Imagineer at FNB, says, “This is another way we’re helping our customers navigate life and the tough economic environment by offering affordable, seamless, and secured solutions for their car needs. The service continues to grow in popularity, with over 1 million vehicles uploaded to the platform and 107 000 vehicle license renewals completed over the past 12 months.”

If you’ve got the FNB app installed, all that needs to be done to renew your vehicle’s license is to load your car into the app’s nav»Car platform and use your smartphone to scan the vehicle license disc to complete the renewal.

Read More: FNB ending tap-to-pay smartphone functionality

Even before the bank’s R30 discount, it was the cheapest provider of license renewal services in the country — offering its R100/per renewal fee — tied with the National Traffic Information System (Natis), though this does not include a pricey delivery fee.

“Our commitment to innovation and customer satisfaction continues to drive the solutions we offer our customers to solve for their individual, family, and business needs.  We pride ourselves in being the ultimate destination for our customers not only for their banking needs, but their lifestyle needs,” Duvenage concludes.

We have reached out to FNB South Africa to determine the length of the “promotional time period” and will update the article accordingly if we hear back.