The FNB Premier Current Account combines convenience, exclusivity, and extensive benefits, making it a standout choice for professionals and individuals with diverse financial needs. Tailored to those in the middle-income bracket, this account bridges the gap between affordability and premium service offerings. With enhanced features and a customer-first approach, the FNB Premier Account aims to elevate your banking experience.
Eligibility and Income Criteria
The FNB Premier Current Account is designed for South Africans with a steady income and a desire for value-added banking. Eligibility criteria include:
- Annual Income: Between R300,000 and R749,999.
- Age: Applicants must be 18 years or older.
- Identification: A valid South African ID is required.
- Proof of Residence: Recent (not older than 3 months) documentation is mandatory.
This broad eligibility range ensures accessibility for many professionals, making premium banking benefits more inclusive.
Monthly Account Fee
The account carries a monthly fee of R260, offering a comprehensive suite of features. Notably, FNB rewards customers for maintaining a healthy balance:
- Fee Rebate: Maintain a minimum balance of R15,000 in your Premier Current Account or qualifying savings accounts to have the fee fully rebated.
- Spousal Discount: Spouses or partners of primary account holders pay only 50% of the monthly fee.
This pricing structure ensures you maximise value while benefiting from top-tier banking services.
Zero Fees for Dependents Under 25
FNB encourages financial responsibility by providing cost-effective banking solutions for dependents:
- Under 18: Dependents qualify for FNBy accounts with no monthly fees.
- Ages 18–25: FNBy Next accounts come with a nominal fee, which is waived if the parent holds a Premier Account.
These initiatives foster financial independence while promoting early savings habits.
Unparalleled Benefits for FNB Premier Account Holders
The FNB Premier Account stands out with a host of exclusive perks designed to enhance lifestyle, savings, and financial well-being:
1. eBucks Rewards
- Earn up to 15% back in eBucks at participating retailers, including Shoprite, Checkers, and Clicks.
- Redeem rewards on travel, fuel, gadgets, and more.
- Fuel Rewards: Save up to R8 per litre when paying at Engen using your virtual card.
- Rewards never expire, providing flexibility in usage.
2. Complimentary SLOW Lounge Visits
- Enjoy up to 8 complimentary visits per year at SLOW Lounges in major South African airports.
- Amenities include Wi-Fi, refreshments, and a serene environment to unwind.
3. Travel Discounts
- Save up to 40% on flights and car hire booked through eBucks Travel.
- These savings apply to both domestic and international travel.
4. Financial Planning Services
- Access complimentary financial planning sessions with FNB-certified advisors.
- Receive tailored advice on investments, retirement, and debt management.
5. Entertainment Rewards
- Earn up to 40% back on subscriptions for Netflix and Spotify.
- Turn leisure expenses into meaningful savings through eBucks.
6. FNB Connect SIM Benefits
- Get up to 2GB data, 35 voice minutes, and 35 SMSs every month at no extra cost.
- Conveniently manage mobile services alongside banking on the FNB app.
7. Comprehensive Fraud Protection
- The Money Protect feature refunds up to R7,000 in case of certain types of card fraud.
- This robust fraud protection ensures your peace of mind.
8. Savings Features
- Round-Up Savings: Purchases made with your FNB card are rounded up to the nearest rand, with the difference saved automatically.
- Competitive interest rates on your linked savings account.
Detailed Fee Structure (2025)
Here is an updated breakdown of the primary costs associated with the account:
| Fee Description | Cost (Monthly) |
|---|---|
| Monthly Account Fee | R260 |
| Spousal Account Fee | 50% of primary fee |
| FNBy Account Fee for Dependents <18 | Free |
| FNBy Next Account Fee (18–25) | Free for dependents |
| Cash Withdrawals at FNB ATMs (≤R4,000) | Free |
| Additional ATM Withdrawals | Standard rates |
| International Card Transactions | Variable |
| Digital Banking (FNB App/Online) | Free |
Family-Centric Banking
FNB extends its benefits to your family, ensuring that your spouse and children also enjoy premium banking features:
- Spousal Account: For R149 per month, your spouse receives a full portfolio of Premier Account services, including their own credit card and eBucks membership.
- FNBy for Kids: A fully functioning transactional account with no fees for children under 18. Savings accounts are also available, helping your children build wealth from an early age.
Competitive Advantages
- Comprehensive Rewards: The eBucks program is unmatched in South Africa, offering cashback on essential expenses like groceries and fuel.
- Dedicated Premier Bankers: Enjoy 24/7 assistance from a team of Premier Banking specialists.
- Integrated Financial Services: Access credit, insurance, and investment services seamlessly through the FNB ecosystem.
- Digital Banking Excellence: The FNB App, recognised as one of the best in its class, offers a feature-rich platform for secure and efficient banking.
Competitive Disadvantages
- Limited Pay-As-You-Use Options: The fixed fee structure may not suit those with minimal banking activity.
- International Fees: While competitive, variable fees for global transactions could add up for frequent international travellers.
- Car Rental Perks: No exclusive discounts for car rentals outside of eBucks Travel.
Conclusion
The FNB Premier Current Account strikes a balance between cost and value, offering extensive benefits for middle-income professionals and families. From lifestyle perks to financial planning, it provides more than just transactional convenience, enabling account holders to unlock significant savings and elevate their lifestyle.
Whether you’re a seasoned professional or starting your financial journey, the FNB Premier Account is a sound choice for those seeking a well-rounded banking experience.
For more information, visit FNB’s Premier Account page.
