FNB Xbox 360 bundles offered to customers

FNB has begun offering Xbox 360 console bundles to its customers as part of its “Smart Devices” promotions.

There are two bundles on offer, with games and Kinect being the main differentiator. Both cost R229 per month for 24 months, for a total cost of R5,496 over the term.

	Xbox 360 Console	Xbox 360 + Kinect Console
Storage	250GB	250GB
Accessories included	2 x Wireless Controller	2 x Wireless Controller, Kinect Bundle
Games included	Halo 4, Tomb Raider (download), GTA V	FIFA 14
Included in bundle	800 XBOX Live Points	800 XBOX Live Points
Warranty	2 Year Warranty	2 Year Warranty
Total cost	Total cost: R229 x 24 months = R5496	Total cost: R229 x 24 months = R5496

To qualify for the offer, customers must be banking on one of the following accounts with a minimum monthly deposit:

Gold Cheque Account: R5,500
Islamic Finance Cheque Account: R5,500
Young Professionals: R5,500
Platinum Cheque Account: R16,500
One Account: R16,500
FNB Private Clients Cheque Account: R40,000

MyGaming caught up with Kartik Mistry, Head of Smart Devices, FNB Core Banking Solutions, to learn more about the offer.

Mistry said that the Xbox 360 offer was added in early October 2013, but they have not yet begun actively marketing it. A PS3 offer is also in the works, with FNB discussing this with relevant parties.

More gaming devices will be considered if there is demand, and depending on the success of this initial offering, Mistry said.

Mistry said there was demand from their customers for such a product offering in their Smart Devices promotions, and they are interested to see the results.

The Xbox 360 offering integrates with their other product offerings, said Mistry, such as ADSL accounts.

FNB offers rewards for products and services purchased by its customers, and the Xbox 360 offer also adds to this. For example, one may receive varying discounts on ADSL accounts and mobile data depending on their product portfolio.

Discussing the overall cost of the bundles, Mistry said that FNB believes the pricing is fair. “We always try to come in below retail pricing,” said Mistry, adding that they consulted with various suppliers to settle on the right price point to offer their customers.

Mistry said that should their suppliers reduce pricing, FNB will also adjust the pricing of the offer.

As for the benefits of purchasing the console through FNB, versus paying a lump sum at retail, Mistry said that those with limited funds can plan their spend without over-extending and indebting themselves. Mistry added that the monthly cost is interest free, and the billing will only begin in the month following the commencement of the deal.

What do you think of this deal from FNB? What else would you like to see from the bank as it forges into the device retail market? Let us know in the comments below and on the MyGaming forum.