You share your life with your family. They celebrate your successes with you and are the go to people when you need a shoulder to lean on. In fact, most people’s financial affairs involve taking care of family, whether to cover school fees, save for a family holiday or to attain financial security as life-long partners.
So why not consider extending the same principle to banking by enabling everyone in your family to enjoy the benefits of Family Banking?
Kamal Kalian, CEO of FNB Premier Banking, says “The idea behind Family Banking is to enable families to get the attractive benefits of banking as a group even though their accounts remain separate. In Family Banking, people will come across references such as linked accounts, which essentially means that your bank is aware that you are a family and you bank together. With that said, except for parents of minors, your bank account and balance details remain confidential,” says Kalian.
Kalian delves deeper into some of the key benefits of Family Banking:
Save on bank fees – banking as a family can help you save on bank fees. For instance, if one spouse or life partner has a Premier, Private Clients or Private Wealth account, the other spouse or life partner will enjoy the same benefits, including access to airport lounges, 40% back on flights and a suitable service model to help them best manage their money, without the requirement for the spouse or life partner needing to meet the monthly income requirements of the