FNB Private Wealth Requirements

Understanding the FNB Private Wealth requirements is crucial for individuals aspiring to take advantage of exclusive banking benefits. As a high-net-worth individual, meeting these criteria can grant you access to a plethora of services designed to cater to your financial inner circle.

What are FNB Private Wealth Requirements?

FNB Private Wealth requires individuals to have an annual income of at least R1,800,000. This threshold positions you within a bracket that enjoys bespoke banking solutions and tailored financial advice.

Eligibility Criteria for FNB Private Wealth Banking and Rewards

To become eligible for FNB Private Wealth banking and rewards, certain financial and account activity benchmarks must be met.

1. Account Activity:
   • You need an active FNB Private Wealth Current, Cheque, or Structured Facility account.
   • Deposit at least R44,500 monthly or R150,000 over three months.
   • Alternatively, maintain a minimum balance of R100,000 throughout the month.
2. Credit Card Usage:
   • Hold an active FNB Private Wealth Credit Card.
   • Ensure a monthly spend of R10,000 or an average spend of R30,000 over three months if you do not possess a current account.
3. Account Standing:
   • All your FNB accounts must be active and in good standing.
4. Banking App Login:
   • For members under 60, logging into the FNB Banking App at least once a month is mandatory for account maintenance.

Enhancing Your eBucks Rewards Level

To climb the eBucks rewards ladder to Levels 2, 3, 4, or 5, both your FNB Private Wealth current account and credit card must be active. Additionally, you must meet the aforementioned deposit or balance criteria to enjoy maximum rewards benefits.

Associated Costs

The monthly account fee for maintaining FNB Private Wealth services begins at R595. This fee aligns with the premium services and personalized banking experience only available to private wealth clients.

Application Process for a Private Wealth Credit Card

To apply for a Private Wealth Credit Card, you will need:
– A South African ID book or passport (for residents).
– A valid passport accompanied by necessary permits (for non-residents).

This documentation ensures alignment with regulatory requirements and secures your access to card benefits. Detailed information can be found on FNB’s website.

By meeting these comprehensive FNB Private Wealth requirements, you unlock high-quality service levels designed for exclusive clients. From personalized advice to robust banking solutions, FNB Private Wealth is strategically positioned to enhance the financial journey of its clients.