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.
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