How to beat FNB fees

A lot of people say that FNB Lesotho fees are high compared to other banks. But are they really high? FNB Lesotho users rarely complain about fees, which is why they remain customers. It would only make sense if there were no users at FNB Lesotho, or very few, but in reality there are plenty of users and people signing up during opening hours. Every single bank publishes a document called a "pricing guide" at the beginning of each year. This means anyone can access the document and compare prices for themselves. It is evident that banks charge different fees, more or less. Every bank offers its own types of accounts since they are not the same entity. When it comes to FNB Lesotho, people often think it is the most expensive one, even though there are options that allow paying close to no fees.

FNB Lesotho offers two options for paying fees: the Bundled Pricing Option and the Pay-As-You-Use (PAYU) Option. Bundled pricing means that users pay a one-time monthly fee on the day they opened their accounts, while the PAYU option charges fees after each transaction. Users can choose according to their preferences; however, the exact fees depend on their type of account and the transactions they perform. Transaction fees are often a source of complaints, as people notice high charges when using their accounts. Nevertheless, it is possible to navigate around these fees.

There are three advices that this article can offer, the first is to always read the pricing guide per year, it is available online by typing "FNB Lesotho 2025 price guide," it would lead to proper bugdeting skills and secondly, the use of cashplus. Cashplus is an agent where users can deposit or withdraw from their accounts, not only their accounts but other users accounts which means anyone even without an FNB lesotho acount can access the services. Cashplus is very accessible because it is in shops and spazashops, meaning in many it is possible to access in villages. Wherever there is a cashplus sign, an agent resides there. To say the least, cash plus is more like mpesa or ecocash since they are in most villages so is it. Cashplus is conveniet because clients do no need to go town for account servises and also it has very small fees, like cashplus offers a range from M2.50 and M7.5 on amounts of M50-M1000 but ATMs offer M5.90- M12.50 still on the same range of amount of M50-M1000.

The last advice has to do with choosing the appropriate account based on your monthly earnings. I use “earnings” to accommodate everyone, including those who receive money from parents, unlike “salary,” which applies only to employees. Accounts range from Bothebelele to Platinum. The monthly charges for each account differ, ranging from free up to M271. To find out more about FNB Lesotho accounts, you can check the pricing guide or visit a branch.

In conclussion, every user should have a pricing guide.

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