Banking Options

FIRST NATIONAL BANK CREDIT INTEREST RATES AND SERVICE FEES

First National Bank’s “Attorneys Trust Account”, offers preferential and standardised rates of interest on Attorneys Trust current account credit balances as follows: update done due to repo change on 18-03-2016, Update done as at 16 March 2016, as advised by Fnb. *Please note: the credit interest rate quoted below is subject to change at any time, without notice.   

Balance in trust account rate
Amount %
R1 – R999 1.10%
R1 000 – R9 999 1.20%
R10 000 – R24 999 1.30%
R25 000 – R49 999 1.30%
R50 000 – R99 999 1.50%
R100 000 – R249 999 2.50%
R250 000 – R499 999 2.60%
R500 000 – R999 999 2.70%
R1 000 000 – R4 999 999 3.65%
R5 000 000 and above 4.20%

These preferential interest rates may also be found on FNB’s website at https://www.fnb.co.za/business-banking/business-accounts/attorneys-trust.html

Attorney Trust Accounts 2016/2017
Sub Product Codes DDA MT
Charge Types Pay-As-You-Use Charge Type BV
Monthly Account Fee R 48.00
Cheque Service Fee R54.00 per cheque issued
Cheque Deposit Fee R23.75 per cheque deposit
Inward Unpaid R110.00 per item
Cash withdrawals including
cheque encashments
<R5,000 <R10,000 <R15,000 <R50,000 <R150,000 >=R150,000
FNB Branch Cheque Service Fee
(Min R25.00) plus
R 2.93 R 2.07 R 1.68 R 1.48 R 1.23 R 1.23
FNB Bulk Cash Centres R 2.27 R 1.66 R 1.34 R 1.18 R 0.99 R 0.87
Cash Deposits <R5,000 <R10,000 <R15,000 <R50,000 <R150,000 >=R150,000
FNB ATM Advance R3.75 plus R0.51 per R100.00 or part thereof.
CDF Branch FNB ATM (Min Fee R20.00)
R8.40 plus
R 1.14 R 1.14 R 1.14 R 1.14 R 1.14 R 1.14
CDF FNB / SBV Bulk (Min Fee R20.00)
R8.40 plus
R 2.59 R 1.59 R 1.18 R 1.03 R 0.87 R 0.75

The above pricing is effective from 1 July 2016 until 30 June 2017. All other fees pertaining to the “Attorneys Trust Account Scheme” can be accessed on FNB’s website – Pricing Guide – Business Banking. First National Bank’s code  for this product is DDA; sub-product MT.

In May 2004 First National Bank introduced its Managed Enhancement System to automate and streamline monthly transmission of interest, net of recoverable bank charges, to the nominated Law Society. This service is provided at no extra charge for Attorneys who choose to benefit from its functionality.