FNB has announced it has added several new features to its banking app, specifically under the nav>> Money menu.
Customers will now be able to track how they spend their money more easily, where funds are available and perhaps most interestingly, their credit score at FNB.
The reason we say this is because credit scores often carry a fee to access them. You are able to get one report for free per year but for additional reports you have to pay.
“FNB assess various data sources, including internal information and credit bureau information, to rate a customer’s credit fitness across seven helpful drivers of behaviour. Know exactly what you’re doing right, and where you could improve on late payments, credit limit usage, your proven track record and more,” the bank broke in a statement.
We checked the feature this morning and its rather simple. FNB presents you with a scale ranging from “Needs work” (the bad side) and “You’ve got this” (the good side). The app will also let you know what credit you qualify for and how you can improve your credit score.
Another new addition is the ability to see how you are spending your money, but the available funds feature is our favourite.
Here FNB will compile all your payments for the month and let you know what the surplus is.
Overall, these features give you a simpler view of your finances and we appreciate that over the alternative which is combing through bank statements.
“Whether we are spending or saving, we all need to be on top of managing our money. Building financially suitable solutions that clients can access 24/7 has largely been influenced by our customers’ needs and wants. This has required the bank to remain relevant and authentic in delivering the best service and products,” explained FNB Easy chief executive officer, Philani Potwana.
All of the features mentioned above are available right now on the FNB app under the “nav-igate life” menu option accessed from the Home screen.