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