First National Bank ‘s “Attorneys Trust Account”, offers preferential and standardised rates of interest on Attorneys Trust current account credit balances as follows:
| Balance in trust account | rate |
| Amount | % |
| R1 – R999 | 0.00% |
| R1 000 – R9 999 | 0.00% |
| R10 000 – R24 999 | 0.00% |
| R25 000 – R49 999 | 0.05% |
| R50 000 – R99 999 | 1.00% |
| R100 000 – R249 999 | 2.00% |
| R250 000 – R499 999 | 2.00% |
| R500 000 – R999 999 | 2.25% |
| R1 000 000 – R4 999 999 | 3.00% |
| R5 000 000 and above | 3.40% |
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
The cheque service fee on cheques issued is priced at a flat fee of R19.45
A monthly account fee of R35.00 is applicable to the Attorneys Trust Account scheme.
The above pricing is effective from 1 July 2011 until 30 June 2012. 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 BT.
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. The cheque service fee rate code is 43 and the cash deposit fee code is KE. The tiered credit interest rate code is M2. FNB Online Banking electronic payment system can be operated in conjunction with this product.