Setting your child on a path to financial success starts with the right tools and guidance. FNB’s FNBy Account offers a perfect way for children under 18 to begin their savings journey with the added benefit of linked savings and engaging rewards. Here’s a comprehensive guide to opening an FNBy Account and the benefits it brings.
Why Choose the FNBy Account?
The FNBy Account is designed to give children a strong financial foundation from an early age. With features tailored for both parents and kids, this account fosters financial literacy and provides practical tools to manage money effectively.
Features for Parents
- Track and Manage: As a parent or guardian, you can effortlessly track your child’s spending, manage card limits, and even order or cancel cards through the FNB Banking App.
- Earn Rewards: By regularly contributing to your child’s FNBy Account, you could collect up to 1000 eBucks points every month. This offer is exclusive to accounts for children under 18. (Terms, conditions, and reward rules apply.)
Features for Kids
- Personalized Banking: Children receive a personalized FNBy bank card, which helps them start understanding the value of money.
- Linked Savings Account: The account includes a linked FNB Savings Account with the Bank Your Change feature at a preferential interest rate, encouraging them to save more.
- WhatsApp Messaging: Enjoy complimentary WhatsApp messaging on an FNB Connect SIM every month, making communication easier and more affordable.
Family Benefits
- eBucks Rewards: Banking with FNB offers up to 40% back on Netflix and Spotify subscriptions, and up to 40% off selected flights with eBucks Travel. Visit the eBucks website for more information.
- Additional Perks: Qualify for extra benefits such as a Wimpy voucher and a Kauai smoothie when you have at least one child added to the “My Family” section of your FNB profile on the app. (Discount excludes taxes.)
How to Open an FNBy Account
Opening an FNBy Account is a straightforward process designed to be completed with ease. Follow these steps to get started:
- Visit the FNB FNBy Page: Go to the FNBy Account page on the FNB website for detailed information and the application process.
- Online Application: Begin the application process online. You’ll need to provide necessary details and documents for both yourself and your child.
- Provide Documentation: Prepare identification for both parent/guardian and child, proof of residence, and any additional required documents.
- Account Setup: Once the application is approved, your child will receive their personalized FNBy bank card and have access to their linked savings account.
Benefits of the FNBy Account
The FNBy Account is more than just a bank account; it’s a gateway to teaching your child about saving and financial management. With no monthly fees and the ability to earn rewards, it’s an ideal choice for setting your child on the path to financial literacy.
Conclusion
Opening an FNBy Account with FNB gives your child the tools they need to start managing their money wisely while offering you peace of mind as a parent. With benefits like personalized cards, linked savings, and family rewards, the FNBy Account is a smart choice for young savers. Begin the process today by visiting the FNBy Account page and set your child up for a thriving financial future.