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FNB cuts iPad 2 price

Today, FNB announced a 20% drop of the monthly prices of the iPad 2 16GB WiFi version and a drop of 17% for the 16GB WiFi/3G version.

In less than 5 months First National Bank (FNB) has sold over 50 000 tablets and smartphones to its customers.

FNB today also announced a drop in the monthly prices of the Apple iPad 2 16 GB WiFi by 20% & the iPad 2 16GB WiFi & 3G by 17%. The iPad 2 16 GB WiFi is now offered at a monthly rate of R165 and the iPad 2 16GB WiFi and 3G at a monthly rate of R219, both payable over 24 months.

By making these devices available at reduced rates, FNB is making a determined effort to enable electronic banking. ‚We offer all the devices at fixed monthly payments, over two years with zero additional fees, interest or charges payable. The device costs are charged in addition to the customer’s monthly banking fees,‚ says Irlon Terblanche, Head of Products, Debit cards and Analytics at FNB’s Core Banking Solutions.

‚ It’s a first for any South African bank: we are offering customers mobile banking technology at the lowest possible cost,‚ said Terblanche.

‚It is a winning solution for our customers: they acquire one of the latest top-end mobile devices at a reduced rate with 24 months to pay. At the same time, we are able to attract and switch customers to FNB’s low-cost banking. We are eagerly awaiting confirmation on the local availability of the new Apple iPad,” adds Terblanche.

Customers who take up the offer enjoy unlimited Cheque Card swipes, four free ATM cash withdrawals per month as well as free subscription to Online and Mobile Banking and the FNB Banking App. While the price of the device quoted to customers when they contract with FNB will not change during the 24 month period, the fees on the Cheque Account may change in line with FNB’s Annual Price review, effective 1 July 2012.

FNB clients can select from a range of smartphones or tablets, including Apple iPads, Samsung Galaxy Tablets, Samsung SII, BlackBerry and HTC smartphones and the new Samsung Galaxy Note which is a new device category, combining the power of a smartphone and a tablet.

Some of the smartphones are preloaded with the FNB Banking App.

Farren Roper, Head of Products and Markets for FNB Connect adds: ‚Increased smartphone and tablet access is one of the critical success factors in driving App adoption and usage. We have to date achieved over 120 000 active clients on the FNB Banking App in 8 months and over R2 billion in transactional value.‚

The offer is available to new and existing Cheque Account customers (including clients with an FNB Gold and Platinum Cheque Account, Young Professionals, FNB One Accounts, FNB Private Clients, Islamic Finance and RMB Private Bank).

Anyone who wishes to take up this offer should SMS either ‚phone‚ or ‚tablet‚ to 32812 (standard network rates apply),or visit to order a device online or download the FNB Banking App and select the menu option, ‚Switch to FNB‚ .

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