Pricing Guide

FNB Pricing Guide / Foreign Exchange / 1 July 2018 - 30 June 2019 Page 1

Pricing

Guide

Foreign Exchange

1 July 2018 – 30 June 2019

FNB Pricing Guide / Foreign Exchange / 1 July 2018 - 30 June 2019 Page 1

FNB offers a range of Foreign Exchange solutions to suit your needs – whether you’re travelling, sending or

receiving money globally, saving in a foreign currency with Global Account, managing imports and exports

or investing offshore.

SA’s Best

• Foreign notes are cash in the currency of the country you’re

travelling to, for the smaller items on your trip like taxis or a

coffee at the airport

• Multi-currency Cash Passport

is a Chip & PIN-enabled travel

card offering 4 currencies on 1 card so you can spend at

merchants or withdraw at ATMs displaying the Mastercard®

Acceptance Mark

• Order foreign notes and the Multi-currency Cash Passport

online and have it delivered to your door

• Pay in advance for your travel arrangements such as hotel

reservations, cruises or car hire with our Global Payment

solution via Online Banking or the FNB Banking App.

Overview Pricing The Small Print

Global Payments

Make global payments for a host of reasons including gifts, tuition

or investments and ensure a simple, convenient and rewarding

international payment process.

You can make your Global Payment anywhere, anytime via FNB

Online Banking or the FNB Banking App. Sending and receiving

Global Payments in foreign currency via online or the FNB Banking

App will earn you up to 50% back in eBucks* on transaction

charges.

Did you know?

If you receive funds on a regular basis, you can provide FNB with

direct authorisation to convert these funds on your behalf at a

competitive rate immediately. This is known as a standing

instruction and will earn you eBucks.

* For eBucks Terms and Conditions, visit the eBucks website.

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

• Can hold your individual foreign investment allowance

in a foreign currency by simply transferring funds

from your FNB Cheque Account into your Global

Account

• Can make payments to offshore beneciaries

• Can keep earnings from abroad in foreign currency by

having them paid into your Global Account

• Can start saving with no minimum balance required

• Pay no monthly account fees

• Can transfer your savings from your Global Account to

your Multi-currency Cash Passport before you travel

Global Accounts are offered in the following

currencies:

• US Dollar

• British Pound

• Euro

• Australian Dollar

• Indian Rupee

• Chinese Renminbi

• Canadian Dollars

• Swiss Franc

• United Arab Emirates Dirham

All transactions are subject to the South African Reserve Bank

Exchange Control requirements.

Travel Solutions

Foreign Exchange Provider*

*Global Finance World’s Best FX

Providers 2017 and 2018

FNB Pricing Guide / Foreign Exchange / 1 July 2018 - 30 June 2019 Page 2

Foreign Notes

Commission 2% (minimum R70)

2.1%

(minimum R90)

2.1%

(minimum R115)

Send money to more than 200 countries and territories

worldwide with MoneyGram. It is quick and easy to get

cash to your friends and family around the world.

• Load your beneciaries in‑branch and send money

using MoneyGram via Cellphone Banking or any FNB

ATM. (Transactions via Cellphone Banking and ATMs

can only be done to pre‑loaded beneciaries.)

• You will receive a reference number conrming

you have sent the money. You will need to give this

reference number to the beneciary

• The beneciary can then go to their nearest

MoneyGram agent in their country with the

reference number and present their identication

document to collect the money within minutes

of you sending it

€

PayPal is a safer and easier way to pay and get paid online without

sharing your full ﬁnancial information.

Did you know?

• FNB’s Top Up Service with PayPal allows FNB customers to top

up funds to a PayPal account from a qualifying FNB account.

You don’t need a credit card to shop online

• FNB’s Withdraw Service with PayPal allows South Africans to

withdraw funds from a PayPal account to any South African

bank account

• You can use your PayPal account to make or receive payments

for goods and services online as well as sending money

• PayPal is easier to use, gives you global access, helps protect

your nancial information, can reimburse you if something’s not

right with your eligible online transaction and even refund your

return shipping cost

Travel Solutions Online Banking

Call Centre/

Banker

Branch

Multi-currency Cash Passport

Initial Card Fee R85 R115 R210

Additional Card Fee (optional) R60

Commission (load or reload)

1.90%

(minimum R60)

(minimum R85)

2.1%

(minimum R110)

CMA Notes (Lesotho, Namibia, Swaziland)

Commission 3.40% (minimum R130)

Travel products bought from FNB

Delivery

R0.00 - R19 999.99 R225

R20 000+ Free

Overview Pricing The Small Print

MoneyGram

FNB Pricing Guide / Foreign Exchange / 1 July 2018 - 30 June 2019 Page 3

Global Payments (Receiving money)

Commission

0.55%

(minimum R160,

maximum R675)

0.60%

(minimum R210,

maximum R780)

Value of Transaction

R0 – R1 499 Free

R1 500 – R1 999 R50

R2 000 – R2 499 R100

R2 500 + R150

International Payment Solutions Online/App

Call Centre /Branch/

Banker

Foreign Notes

Commission

2.1%

(minimum R120)

CMA Notes (Lesotho, Namibia, Swaziland)

Commission

3.4%

(minimum R130)

Global Payments (Sending money)

Commission

0.55%

(minimum R160,

maximum R675)

0.60%

(minimum R210,

maximum R780)

SWIFT Fee R115

Global Payments and Receipts (SWIFT)

Multi-currency Cash Passport™

If credited to an FNB transactional account Free

If paid out in cash or credited to any other account

(minimum R85)

2.1%

(minimum R110)

Travel products sold to FNB

Low Value Global Receipt in Foreign Currency

Value of Global Receipt

R0 – R499.99 R55

R500 – R1 000 R105

International Payment Solutions All channels (Online, App, Call Center, Branch, Banker)

Travel Solutions Online Banking

Call Centre/

Banker

Branch

Overview Pricing The Small Print

ZAR fee (An additional fee will be charged if a payment is sent abroad or received from abroad in Rand)

FNB Pricing Guide / Foreign Exchange / 1 July 2018 - 30 June 2019 Page 4

Low Value Global Receipt in ZAR

Value of Global Receipt

R0 – R499.99 R55

R500 – R1 000 R105

Global Receipts received for pension purposes

Value of Global Receipt

R0 – R4 999.99 R32

R5 000 – R9 999.99 R65

R10 000 – R14 999.99 R95

R15 000 + R130

MoneyGram

Send amount (USD) Send Fee (USD)

$0.00 – $50 $7

$50.01 – $100 $10

$100.01 – $150 $11

$150.01 – $200 $13

$200.01 – $250 $15

$250.01 – $300 $17

$300.01 – $400 $19

$400.01 – $500 $24

$500.01 – $600 $29

$600.01 – $700 $34

$700.01 – $800 $39

$800.01 – $900 $44

$900.01 – $1 000 $49

$1 000.01 – $1 200 $55

$1 200.01 – $1 500 $63

$1 500.01 – $1 800 $70

$1 800.01 – $2 500 $90

$2 500.01 – $5 000 $140

$5 000.01 – $7 500 $240

$7 500 – $8 000 $290

International Payment Solutions All channels (Online, App, Call Center, Branch, Banker)

Overview Pricing The Small Print

All MoneyGram prices exclude VAT

FNB Pricing Guide / Foreign Exchange / 1 July 2018 - 30 June 2019 Page 5

Drafts issued (Bank cheque drawn in foreign currency to be deposited at an overseas bank)

Commission

1.65% (minimum R285,

maximum R1 120)

Draft charge R110

Bills negotiable (Foreign Cheques received)

Commission

1.50% (minimum R285,

maximum R1 120)

Urgent and/or complex applications for placing emigration on record

Minimum fee (per application) R 2 940

International payment solutions Online Banking

Call Centre/

Banker

Branch

Foreign Cheques

Other Solutions Online Banking

Call Centre/

Banker

Branch

Global account

Transfer (to Rand, from Rand, and between Global Accounts) Free

Global Payments and Receipts

Global Payments (sending money)

Refer to Global Payments and Receipts (SWIFT) fees above

Global Payments (receiving money)

Non-Resident or Foreign National Foreign Currency Account (FCA)

Transfer from FCA to Rand account Free

Transfer from Rand account to FCA Free

Exchange Control applications to the SARB

Minimum fee (per application) R1 470

Placing immigration on record with SARB

Minimum fee (per application) R175

Placing emigration on record where the client is a beneciary of an Inter Vivos Trust

Minimum fee (per application) R2 940

Overview Pricing The Small Print

FNB Pricing Guide / Foreign Exchange / 1 July 2018 - 30 June 2019 Page 6

Tier Fees incl. VAT

Total monthly Top-Up and

Withdraw value

Tier 0 1.52% $0 – $3 000

Tier 1 1.37% $3 001 – $10 000

Tier 2 1.27% $10 001 – $50 000

Tier 3 1.01% $50 001 – $100 000

Tier 5 0.81% $100 001

Paypal

FNB and PayPal introduced a tiered pricing structure to replace the current 1.5% charge on all FNB Top-Up and Withdraw transactions.

This means you will be able to top-up or withdraw for as little as 0.8% depending on your previous month’s transactional value.

Please note: The new structure applies speciﬁcally to FNB’s Top-Up and Withdrawal service with PayPal.

The PayPal transactional charges and currency conversation fees will stay the same.

The Small Print

Our Small Print is straightforward. Here we go:

• FNB, a division of FirstRand Bank Ltd. reserves the right

to change fees or introduce new fees from time to time.

If we do this, though, we’ll give you at least 20 business

days’ notice of these changes. You’ll nd these changes

on FNB’s website.

• We strive to keep the information provided in the pricing

guide as accurate as possible, and we will not be held

responsible if an error or omission is found.

• You must apply for each facility or product individually.

• The granting of any facility or product is subject to you

meeting the qualifying criteria of that product or facility.

• Each facility or product has a set of terms and conditions

for that specic facility or product. We agree on these

terms and conditions with the applicant.

• If there is disagreement between the product or facility

specic terms and conditions and what’s outlined in this

pricing guide, we’ll follow the product or facility‑specic

terms and conditions that apply to such a facility

or product.

• FNB reserves the right to change the features of any

product or facility at any time.

• Fees quoted as “per R100” include parts thereof.

• Where Cellphone Banking is referred to, standard

network rates apply.

• All fees quoted are VAT inclusive and are effective from

1 July 2018 - 30 June 2019.

If you want to compare FNB’s fees with those of other banks, we

have, as far as possible, used standard terminology throughout

this pricing guide. This is in line with Section 13 of the Code of

Banking Practice (COBP).

In the case where we’ve used FNB‑specic terminology, we’ve

added this here showing the wording that other banks may use.

So, FNB’s term – as per this pricing guide – is “Card Purchase”,

while the standard terminology is “Card Transaction”; FNB’s term

is “Payment”, while the standard terminology equivalent is “Third

Party Payment/ Stop Order”. FNB uses the term “Slimline Devices”

whereas other banks might call them Mini ATMs. FNB uses the

term “eChannels”, which refers to Online Banking, Telephone

Banking, Interactive Voice Response (IVR) and FNB ATMs. FNB’s

“Mobile Channels” refer to Cellphone Banking and the FNB

Banking App.

Terms, Conditions and Rules apply. Standard network rates apply.

Information on our products and prices Standard terminology

Overview Pricing The Small Print