Loading...
See More

Standard to complain against FNB ad

Feb 23 2012 18:13 I-Net Bridge

Company Data

STANDARD BANK GROUP LIMITED [JSE:SBK]

Last traded 0
Change 2,19
% Change 0
Cumulative volume 3382781
Market cap 224.36bn

Last Updated: 17-09-2014 at 04:28. Prices are delayed by 15 minutes. Source: McGregor BFA

Related Articles

S&P threatens to downgrade Fiat

Banks move into Mzansi market

Standard Bank loans up 50% in 2011

Standard finalises Troika disposal

Standard Bank expands steel trading team

Standard Bank expects 22% profit jump

 
Johannesburg - Standard Bank Group [JSE:SBK] said it is to lodge a complaint with the Advertising Standards Authority (ASA) against First National Bank for misleading advertising.

This followed advertisements by FNB in which it claims to be the only bank to offer free online, cellphone and telephone banking.

Standard Bank said it also offers free cellphone, online and telephone banking and had lodged a similar complaint against FNB with the ASA in March 2003.

"At the time FNB acknowledged that it was not the first bank to offer free internet and telephone banking and undertook to retract the claim 'from all FNB's current and future advertising'.

"The ASA directorate accepted FNB's undertaking."

Standard Bank added that in its latest advertising, FNB also claims it was the first bank to offer an account with no monthly management fee.

"Standard Bank's Mzansi account, which was launched on October 25 2004, has never had a monthly management fee."

Peter Schlebusch, chief executive personal and business banking at Standard Bank SA, said customers have the right to know the true facts.

"FNB's advertising is clearly misleading and factually inaccurate and should be withdrawn," he said.

fnb  |  standard bank  |  online banking
NEXT ON FIN24X

 
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
34 comments
Add your comment
Comment 0 characters remaining
 

Company Snapshot

We're talking about:

Small Business

New forms of digital technology are changing the very ways in which entrepreneurs run their businesses.
 
 

17 photo illusions that look so real

What if they aren’t illusions? What if that dog really has a human foot – then what?

 
 

For chic geeks...

It’s THIS easy for someone to steal your ATM pin!
Check out the speed of this robo-cheetah!
New GIF keyboard on iOS for added fun!
Puppy goes crazy over iPad game

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...
Loading...