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Unlocking Business Potential with FNB Online Banking Enterprise
In today’s digital age, businesses require efficient and robust banking solutions to streamline their financial operations. FNB Online Banking Enterprise emerges as a comprehensive Electronic Banking Solution tailored to address the diverse needs of businesses, regardless of their scale. This article delves into the various features and pricing options offered by FNB Online Banking Enterprise, shedding light on how it can revolutionize the way businesses manage their finances.
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Understanding FNB Online Banking Enterprise
FNB Online Banking Enterprise is a web-based platform designed to empower businesses with an array of financial tools and capabilities. Here’s a breakdown of its key features:
- Dual Authorisation of Payments: Ensures enhanced security by requiring two levels of approval for outgoing payments.
- Post Dating of Payments: Allows scheduling of payments up to 12 months in advance, providing flexibility in financial planning.
- Real Time Payments to FNB Accounts: Facilitates instant and seamless fund transfers within FNB accounts.
- Same Day Value for Payments to Other Banks: Enables expedited payments to external bank accounts, ensuring timely transactions.
- Referencing for All Transactions: Streamlines record-keeping by providing unique references for all transactions.
- Remittance Advices: Delivers remittance advice to recipients via SMS or email, enhancing transparency in financial transactions.
- SMS Notification of Batch Payments Status: Offers real-time updates on the status of batch payments via SMS.
- Transaction History on FNB Accounts: Provides a comprehensive transaction history for FNB accounts, spanning 60 days.
- Bulk eWallet Payments: Allows businesses to execute bulk payments efficiently using the eWallet feature.
Unraveling the Pricing Options (FNB Online Banking Enterprise)
FNB Online Banking Enterprise offers two distinct pricing options, each catering to the specific needs of businesses. Let’s explore these pricing models in detail:
Option 1 (FNB Online Banking Enterprise)
- Monthly Subscription Fee: N$173.57, with additional charges of N$76.11 for a secondary user and N$57.07 for a tertiary user.
- Financial and Non-Financial Transactions: Detailed pricing based on transaction types and volumes.
- Real-time Gross Settlement (RTGS) Payments: N$92.74 for payments exceeding N$5 million, while inter-account transfers are free.
- eWallet Send Money Fees: N$8.76 for eWallet bulk payments.
- ENDO / Debit Order Fees: Varied charges for unsuccessful debit/collection and ENDO-related transactions.
- Additional Module Fees: ENDO module fee, CashMan module fee, and charges for statement exports.
Option 2 (FNB Online Banking Enterprise)
- Monthly Subscription Fee: Free subscription, with supplemental charges for secondary and tertiary users.
- Discounted Pricing: Pricing adjustments based on transaction volumes, offering flexibility for businesses executing high-volume transactions.
- Real-time Gross Settlement (RTGS) Payments: N$92.73 for payments exceeding N$5 million, and free inter-account transfers.
- eWallet Send Money Fees: N$8.76 for bulk eWallet payments.
- ENDO / Debit Order Fees: Structured charges for different types of ENDO transactions.
- Additional Module Fees: ENDO module fee, CashMan module fee, and charges for statement exports.
Making Informed Decisions
Understanding the nuances of FNB Online Banking Enterprise empowers businesses to make informed decisions aligning with their financial requirements. By leveraging its versatile features and flexible pricing options, businesses can streamline their financial operations while optimizing cost-efficiency.
In conclusion, FNB Online Banking Enterprise emerges as a compelling solution for businesses seeking a comprehensive and adaptable electronic banking platform. With its focus on security, efficiency, and tailored pricing, it stands as a testament to FNB’s commitment to empowering businesses in the digital landscape.
By embracing the capabilities of FNB Online Banking Enterprise, businesses can embark on a journey towards enhanced financial control, operational efficiency, and sustainable growth.
| Feature | FNB Online Banking Enterprise |
|---|---|
| Description | FNB Online Banking Enterprise is an internet-based, Electronic Banking Solution designed with business needs in mind. FNB Online Banking Enterprise is suitable for small, medium and large businesses and offers an extensive range of functionality including: |
| Dual Authorisation of Payments | Optional |
| Post Dating of Payments | Up to 12 months in advance |
| Real Time Payments to FNB Accounts | Available |
| Same Day Value for Payments to Other Banks | Available |
| Referencing for All Transactions | Available |
| Remittance Advices | Sent via SMS or e-mail |
| SMS Notification of Batch Payments Status | Available |
| Transaction History on FNB Accounts | 60 days |
| Bulk eWallet Payments | Available |
| Pricing Options | |
| Option 1 | Customers already on Option 1 will be priced as follows: A monthly subscription fee of N$173.57, N$76.11 for a secondary user and N$57.07 for a tertiary user. Financial and non-financial transactions are charged as detailed in the tables below: |
| Option 2 | Monthly subscription for free, N$76.11 for a secondary user and N$57.07 for a tertiary user. Discounted pricing are charged depending on volume. |
| Financial Transactions | See detailed pricing below |
| Non-Financial Transactions | See detailed pricing below |
| Real-time Gross Settlement (RTGS) | RTGS Payments > N$5 million N$92.74, Inter account transfers are Free. |
| eWallet Send Money Fees | eWallet bulk send N$8.76 |
| ENDO / Debit Order Fees | Unsuccessful Debit/Collection N$19.73, ENDO Same day & ENDO One day (Folder or once off) N$19.73, Endo Tracking N$14.12. |
| Monthly Subscription Fees | ENDO module fee N$892.62, CashMan module fee N$974.73, CashMan reports per scheduled export N$25.71, Interim statement export hourly N$190.22, 15 minutes statement exports N$378.02. |
| Discounted Pricing for Financial Transactions | |
| Band | Transaction volumes (per month) |
| Peak Periods | Off peak periods |
| Discount Periods | Peak periods 25th – 2nd per month, Off peak periods 3rd – 24th per month |
| Option 1 | |
| 1 | 1-50 0.00% N$19.73 N$18.07 |
| 2 | 51-100 5.05% N$18.73 N$17.16 |
| 3 | 101-250 10.05% N$17.75 N$16.25 |
| 4 | 251-500 15.05% N$16.76 N$15.35 |
| 5 | 501-750 20.00% N$15.78 N$14.45 |
| 6 | 751-1,000 25.00% N$14.80 N$13.55 |
| 7 | 1,001> 30.00% N$13.81 N$12.65, Inter account transfers are Free, RTGS Payments > N$5 million N$92.74, eWallet bulk send N$8.76, Unsuccessful Debit/Collection N$19.73, ENDO Same day & ENDO One day (Folder or once off) N$19.73, Endo Tracking N$14.12. Monthly subscription fees: ENDO module fee N$892.62, CashMan module fee N$974.73, CashMan reports per scheduled export N$25.71, Interim statement export hourly N$190.22, 15 minutes statement exports N$378.02. |
| Option 2 | Monthly subscription for free, N$76.11 for a secondary user and N$57.07 for a tertiary user. Discounted pricing are charged depending on volume. ENCR Same day & ENCR 1 day: 1 Less than or equal to 100 N$17.53, 2 Greater than 101 but less than or equal to 250 N$15.40, 3 Greater than 251 but less than or equal to 500 N$13.27, 4 Greater than 501 but less than or equal to 1,000 N$11.17, 5 Greater than 1001 but less than or equal to 5,000 N$9.77, 6 Greater than 5001 but less than or equal to 20,000 N$8.95, 7 Greater than 20,000 N$6.25, Inter account transfers are Free, RTGS Payments > N$5 million N$92.73, eWallet bulk send N$8.76, Unsuccessful Debit/Collection N$18.41, Endo Same day & Endo One Day (Folder Once off) N$18.41, Endo Tracking N$13.40. Monthly subscription fees: ENDO module fee N$892.62, CashMan module fee N$974.73, CashMan reports per scheduled export N$25.71, Interim statement export hourly N$190.22, 15 minutes statement exports N$378.02. |
| Non-Financial Transactions | See detailed pricing below |
| Discounted Pricing for Non-Financial Transactions | |
| Band | Transaction volumes (per month) |
| Peak Periods | Off peak periods |
| Definition of Discount Periods for Financial and Non-Financial Transactions: | |
| Peak Periods | 25th – 2nd per month |
| Off Peak Periods | 3rd – 24th per month |
| Monthly Subscription Fees | ENDO module fee N$892.62, CashMan module fee N$974.73, CashMan reports per scheduled export N$25.71, Interim statement export hourly N$190.22, 15 minutes statement exports N$378.02. |
| Encore Module Fee | N$892.62 |
| CashMan Module Fee | N$974.73 |
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