South Africa: FNB offers free ADSL

Data from the FNB eWallet Solution has shown that 4.2 million new eWallets were created over the last 12 months

South African bank FNB yesterday announced their Uncapped ADSL product, with discounts of up to 100% on monthly subscription fees, applicable for qualifying customers who sign up from 8 August 2013.

FNB CEO Michael Jordaan, who will be stepping down later this year (image: FNB)
FNB CEO Michael Jordaan, who will be stepping down later this year (Image source: FNB)

Qualifying Personal Cheque Account holders and FNB Private Client customers can receive between 10% and 100% off on some of the most competitive uncapped ADSL rates through FNBs internal Internet Service Provider, FNB Connect.

According to FNB, in a market where price wars have been prevalent, the opportunity was ripe to launch an unbeatable offer that would be the best data deal seen in the financial services as well as telecommunication space.

“FNB has always been the leader in terms of data rewards offered to customers. We have embraced the trend towards uncapped ADSL and wanted to offer a long term deal which will distinguish FNB from the other players in the market. No other ISP gives their clients up to 100% discount off their monthly Uncapped ADSL subscription,” says Farren Roper, Head of FNB Connect ISP.

Irlon Terblanche, CEO of FNB Core Banking Solutions, says the uncapped offer is available as an exclusive benefit for holding an FNB personal cheque account. Customers can reach the 100% discount through banking efficiently and electronically, and holding qualifying products with FNB: “The FNB discount on uncapped ADSL is one of the ways in which we are rewarding customers in a unique manner, this time by enabling internet access, something that has become a necessity for many customers.”

The rationale behind FNB’s latest data offer was largely spurred on by South African internet consumption which showed an increase in the amount of time spent on the internet uploading and downloading content, browsing, engaging on social media platforms, and sending and receiving emails, often from more than one device per user.  The ADSL market in itself has grown to 859 000* from 2011 to 2012. Through uncapped ADSL FNB wishes to not only secure its position as a key player in the data provision space but aims to contribute to increased internet penetration that has a positive correlation to economic growth, job creation and learning.

Connection options include 384Kbps at R99 p/m, 1Mbps at R199 p/m, 2Mbps at R299 p/m, 4Mbps at R399 p/m and 10Mbps at R899 p/m with the added benefit and flexibility of a monthly subscription that can be upgraded, downgraded or cancelled month-to-month.

In order to make use of the uncapped ADSL deal, customers will have to sign up through either or FNB Connect at at no cost and own a Telkom ADSL line as well as a router (available from dotFNB stores).

“Free uncapped ADSL enhances the FNB value proposition and makes it possible for us to enable a digital lifestyle that not only simplifies banking but keeps our customers connected. We are of the belief that this offer will make a real and tangible difference to customers’ data bills and we are proud that we were able to develop this in-house,” concludes Roper.

Staff Writer