FNB Account Types

FNB (First National Bank) offers a variety of trading accounts tailored to meet the needs of different investors. The main types of accounts include:

• Shares Zero Account: This account has zero monthly fees and is designed for cost-conscious investors looking to invest in top-listed shares both locally and globally.

• Share Saver Account: Investors can start with as little as R300 per month. This account allows FNB to make investment decisions on behalf of the investor, suitable for those preferring a hands-off approach.

• Share Builder Account: This account provides flexibility to choose from a pre-selected basket of shares and invest in Krugerrands, catering to those who seek a balance between control and simplicity.

• Share Investor Account: Aimed at active investors, this account allows users to invest in the full range of JSE listed shares, ideal for those managing their portfolios actively.

• Tax-Free Shares Account: This account enables investors to start with a minimum investment of R300 per month, with all returns being tax-free, making it suitable for tax-efficient investment strategies.

• Local Trader Account: Tailored for individuals who engage in trading activities, this account equips users with trading tools and market research.

• Global Trader Account: For those looking to diversify their portfolio globally, this account allows investment in over 30 global exchanges, offering flexibility to trade in multiple currencies.

FNB Broker Account Opening Process

Opening an FNB trading account is a straightforward process. Heres how to do it:

• Visit the FNB Website: Go to the official FNB website.

• Choose Account Type: Navigate to the “Accounts” section and select the specific trading account you wish to open.

• Complete the Application Form: Fill in the required personal information, including your name, date of birth, and contact details.

• Submit Required Documents: Upload necessary identification documents, such as a valid ID or passport, proof of address, and any additional documents required.

• Verification Process: After submission, FNB will verify your information, which may take a few business days. You will be notified via email or phone once your account is verified.

• Account Activation: Upon successful verification, your trading account will be activated, allowing you to start investing.

By following these steps, you can easily open an FNB trading account and access a range of investment options tailored to your financial goals.