• Nene's SAA nemesis

    No political figure seems to have the guts to speak out against Dudu Myeni, says Solly Moeng.

  • The mp3 revolution

    Ian Mann takes a look at the war between digital music and the compact disc.

  • Don't take us for fools

    It's time for businesses to stop thinking consumers are gullible, says Mandi Smallhorne.

All data is delayed
See More

Standard to complain against FNB ad

Feb 23 2012 18:13
I-Net Bridge

Company Data


Last traded 136
Change 0
% Change 0
Cumulative volume 1746785
Market cap 0

Last Updated: 26-11-2015 at 05:00. 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"FNB's advertising is clearly misleading and factually inaccurate and should be withdrawn," he said.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


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
Comments have been closed for this article.

Company Snapshot

We're talking about:


Marketing is a big concern in SA's small business community, followed by a lack of confidence and partnering with the wrong people, according to a survey.

Money Clinic

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

Voting Booth

The 25 basis points interest rate increase is:

Previous results · Suggest a vote