FNB puts E58 000 back in Motorists’ pockets in Fuel Cash Back Rewards

116 FNB customers received a total of E58 000 after fueling up at the pumps in the bank’s Fuel Cash Back rewards promotion initiated in October. With the continued increases in fuel prices, visits to the fuel pumps have meant motorists are paying more for less and therefore need to dig deeper to fill up the tank.

?“It is for this reason that we, as a bank, decided there was no better time to introduce rewards that actually give FNB customers cash back to help ease the pressure they feel.?The ripple effect of the high cost of petrol is vast as it impacts not just mobility issues but also what our customers pay for basic utilities and groceries” said, Nosizwe Sigwane, Head of Product

“We recognise the financial pressure that many customers are under due to not just increases in fuel prices but also the rising cost of living and were therefore excited to introduce a rewards programme that puts actual cash back in the pockets of Emaswati, helping them stretch their cash where it matters most in these times.?

Our commitment remains anchored in finding ways to help Emaswati manage their money, making it go further.?We have demonstrated this intent not just through the current rewards programme but also through multiple interventions undertaken by the bank in the past year such as introduction of the zero monthly-fee account, SicaloZERO amongst others”. Sigwane concluded.

The E58 000 pay-out was made to FNB customers who swiped or tapped their cards to pay for fuel at any of the filling stations across the country using an FNB SpeedPoint?.?With over 2 394 FNB Speedpoints? found in shops across the country, and 120 being accessible to motorists at over 48 filling stations, the impact of the six-month promotion has and will continue to be visible.

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Cash Back Rewards become Interest-Earning Savings?

The 116 motorists who have received their rewards have each accumulated the maximum of E500, making them eligible to get their cash back. The rewards program launched in October allows for customer to accumulate up to E500 in the 6 months the program will run whenever they tap2pay for fuel on an FNB Speedpoint?. The program ends on March 31st, 2023, and customers will receive their accumulated rewards thereafter, paid directly to their Savings Pocket.

The Fuel Cash Back reward is deposited into the customer’s Savings Pocket which is a free savings account that is available to FNB customers with LifeStart Student Accounts, Gold Accounts, Smart Accounts, Platinum Accounts and Private Wealth Accounts. The Savings Pocket is linked to primary account at no extra cost to the customer. It is known to FNB customers also as Bank-your-Change, mainly because it helps customers save as they spend, this account also gives customers interest on their savings. Interest earned is fixed at 3.20%. and can always be transferred into the customer’s primary account at no cost on The FNB App.

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Customers Delighted at Receiving Cash Back

The customers who received their cash back expressed their excitement about the rewards.

Muzi Mnisi of Mangcongco said the payout came at a time when he was not expecting it, which made it a pleasant surprise. “As an FNB customer, I am grateful and encouraged by such an initiative. It shows that this bank cares about me and is always thinking of ways to improve my life. This makes me want to keep banking with it because I know it has my best interests at heart.” Mnisi revealed that he usually refuels in Matsapha and would keep the earned money in his Savings Pocket for emergencies.

Babazile Matsebula of Mpaka also said the money came at the right time as it is the month of love, and she can now afford to celebrate with her loved ones. “I am so thankful for this reward, and I will be spoiling myself and my family on Valentine’s Day. It will give me a chance to show them that I care,” she said.

Mandla Nsingwane of Matsamo said the rewards programme has instilled in him a culture of saving. “I am happy that the money has been deposited into my Savings Pocket because it will contribute towards my saving goals. It is also important because I now have money I can turn to in case of emergency,” he said. Sandile Myeni said he would use the money on more fuel next time.

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FNB Customers should expect more in Fuel Cash Back Rewards

As FNB continues to run the Fuel Cash Back rewards promotion, FNB customers should look forward to more savings.?To earn Fuel Cash Back rewards, customers need to swipe or tap their FNB cards on an FNB Speedpoint? every time they pay for fuel, the maximum value one can earn is E500. The rewards are paid into your Savings Pocket, so open one today by simply selecting ‘Add Account’ on the FNB App and you will receive monthly app notifications of your rewards balance. The promotion ends 31 March 2023.