First National Bank (FNB) has unveiled a new structure for its banking rewards programme, which includes up to a 100% discount for an uncapped ADSL product.
The rewards are only set to become active on Thursday, 8 August 2013.
“We’re pushing for earlier, but the rewards will be active on the 8th at the latest,” said Farren Roper, head of the FNB Connect Internet service provider (ISP).
Pricing and ADSL account details
Roper confirmed that the pricing on their website is for a data account only, and excludes the access fees payable to Telkom.
Roper said that they will limit throughput on BitTorrent and other peer-to-peer (P2P) networks, but other services will remain unshaped. Even services that consume large amounts of bandwidth such as YouTube will be unshaped, Roper said.
| Line Speed | Maximum Discount | Normal Price |
|---|---|---|
| 384Kbps | Free | R99 per month |
| 1Mbps | Free | R199 per month |
| 2Mbps | Free | R299 per month |
| 4Mbps | Free | R399 per month |
| 10Mbps | R500 per month | R899 per month |
How the FNB uncapped discounts work
Asked how customers earn the reward levels needed to unlock discounts, Roper said that all the details were available on the Ebucks site. Users can also check their current reward level there.
“August discounts will be based on July behaviour,” Roper said.
In brief, customers earn points for certain behaviour, including doing all their banking electronically and signing up for electronic communications from FNB rather than physical options.
You also earn points depending on how many FNB products you hold, and how much you spend in certain places.
The table below shows the points needed to access the various reward levels, as well as the discounts on FNB’s uncapped ADSL product unlocked at those levels.
It should be noted that level 4 is the maximum uncapped ADSL reward for Gold, Islamic Gold, and Encore Cheque Accounts.
| FNB Uncapped ADSL discounts | Personal cheque | Private banking | ||
| Reward level | Total points needed over 12 months | Discount | Total points in month | Discount |
| 5 | 18,500 | 100% | 18,000 | 100% |
| 4 | 16,000 | 80% * | 16,000 | 85% |
| 3 | 14,000 | 40% | 12,000 | 45% |
| 2 | 10,000 | 20% | > 0 | 20% |
| 1 | 5,000 | 10* | 0 | 10% |
| * Maximum reward level for Gold, Islamic Gold & Encore Cheque Account | ||||
Fair use policy
In addition to shaping torrents and other P2P downloads, FNB does have a fair use policy in place for its uncapped ADSL as well.
Roper said that the policy was not based on any specific amount of usage, but instead focussed on ensuring a good quality service for the majority of customers on their network.
“We don’t anticipate invoking it,” Roper said. “You are going to get a great experience with us, except if you’re coming to torrent or use P2P.”
Farren Roper
Article courtesy of MyBroadband: FNB free uncapped ADSL rewards: all the details
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