FNB Cheque Debit

FNB Cheque Account — Managing Your Balance

## Funding and balance management on a cheque account Unlike instalment credit, a Gold Cheque Account never carries a principal balance to amortise. You top up rand through deposits, then spend or transfer until the ledger reaches zero. Staying above zero avoids dishonour fees on automated collections. ### Inbound funding routes | Source | Mechanics | |---|---| | Employer salary EFT | Most common — payroll files land directly in your account number | | Cash deposit | Use FNB ATMs with deposit functionality or a branch teller | | EFT from another bank | Sender references your account plus branch code **250655** | | PayShap receive | Other account holders push instant rand using your mobile or ID alias | ### What happens when payments bounce If a debit order or scheduled transfer fails for lack of funds, FNB may charge roughly **R9.20** per dishonoured item. There is no early-repayment concept because no loan exists. Likewise no term extension applies — the account remains open-ended. ### Closing or pausing the relationship You may close with proper notice without a penalty quoted on the profile. Before closure, cancel external debit orders and download statements from the app for your records. ### Practical balance habits Keep a small buffer above your largest monthly debit order. Enable low-balance SMS alerts. Route discretionary spend through the virtual card so a compromised merchant cannot drain the main ledger. PayShap works both ways, so friends can replenish you instantly during emergencies. ### Help with funding issues Missing salary deposits should be traced with your payroll team first, then FNB on **087 575 9404** if the file shows sent but not credited after one business day.

Repayment Methods

Early Repayment

Loan Extension

Penalties