• Members have spent over R7.9 billion in eBucks.
  • The reward system is used to encourage First National Bank customers to stay out of the bank.
  • You can buy petrol at selected Engen garages with your eBucks.

eBucks CEO Johan Moolman wants to make your money go further by keeping you away from the bank.

In an interview with Business Insider South Africa, Moolman said that the eBucks rewards program offered by First National Bank and Rand Merchant Bank Private Bank encourages clients to be smarter with their money.

"We notice that our members are changing their banking behaviour to earn more eBucks, which is good for them as well as us," he says.

Such behaviour includes getting electronic banking statements and signing up for InContact, which sends SMS alerts about banking activity. 

"Our customers are also using less cash and transact more on their cards; all of these activities makes their lives easier."

That customers are taking the time to understand how banking works is a bonus.

Using the banking app and online portal to complete bank transactions is one way of earning points. On top of that, members can earn up to 15% back when buying groceries at selected Shoprite and Checkers stores and getting petrol at any garage.

Since its inception in 2000, members have spent over R7.9 billion worth of eBucks. During this period, FNB has awarded over R9.4 billion worth eBucks to members.

Here are some of Moolman's tips on getting more points and more out of your eBucks:

On which banking package can you get eBucks?

First and foremost, you must bank with both FNB and RMB. Qualifying accounts Gold Cheque card, Premier, Private Clients, Private Wealth, RMB Private Bank and FNB Business customers’ transnational accounts.

How do you get eBucks on the various banking packages?

To earn eBucks one needs to meet the qualifying requirements based on your bank product, collect points by showing the right banking behaviour. Your points determine your reward level.

Because it is a multi-partner programme, members can also earn eBucks from a variety of prominent retailers — both online and in-store. This means you can earn points on top a partner's loyalty points.

How can a customer use their eBucks?

Members can buy petrol at any participating Engen garage and groceries as both Shoprite and Checkers. They can also be used to buy gadgets available on the eBucks Shop. Members can enjoy up to 40% discounts on selected flights and car hire.

Here are a few tips to get more eBucks out of an FNB or RMB account:

  • Visit the calculator on eBucks.com to figure out exactly what you need to do to up your earning.
  • Do at least four financial transactions per month via the banking app.
  • Spend more on your FNB cards and/or FNB Pay than the amount of cash you withdraw in a month.
  • If you do need to withdraw cash, use the Cash@Till service at Shoprite Checkers and selected other supermarkets, instead of an ATM.
  • Use FNB's electronic banking channels to do all your payments, transfers and FNB Savings and Investment Account maintenance.
  • Allow FNB to communicate with you by giving it consent to market to you.
  • Allow FNB to communicate with you by giving it consent to market to you.
  • Choose to receive all your statements via email only.
  • Update your contact details at least once in a 12-month period via FNB Online Banking.

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