FNB EFT allows customers to transfer money fast and with minimal costs without paper money changing hands.
First National Bank is the oldest bank in South Africa, with nearly 2 centuries of existence, since it was founded back in 1838. Fast-forward 180 years later and what we have today is a modern financial institution offering a broad spectrum of payments to local customers. Their roots run deep in this country and their services are aimed at providing local clients with secure and inexpensive financial services. FNB EFT is used to transfer money fast from one bank account to the other without involving paper money.
The advantage of using the FNB electronic funds transfer is that money reaches its destination quickly and with minimal costs. Customers are provided with several banking alternatives, among which digital banking and e-wallets have gained a lot of traction. The online banking service allows South African customers to perform FNB EFT payments themselves. All they need is an Internet connection to send money quickly and pay for goods and services.