First National Bank (FNB) believes that municipalities have a key role to play in South Africa's social and economic development, thus ensuring that everyone receives basic services. Municipalities should be free to focus on attending to the needs of their constituents and for this reason we have developed a range of comprehensive solutions to take care of our municipalities' unique financial and administrative needs.
Based on the requirements of the MFMA (Municipal Finance Management Act), we have identified the following solutions, amongst others, which are vital to municipalities.
Our offering is designed to cater for:
Based on the requirements of the MFMA (Municipal Finance Management Act)
For all dealings with the bank to simplify their financial transactions
For various municipal functions
All revenue must be reflected in the account for ease of reconciliation
Appropriate + effective cash management solutions
Money not immediately required should be invested in order to optimise the funds
The FNB Cash team provides receipting solutions for deposits of cash and cheques. Our solutions are custom-designed for clients with multiple outlets or significant cash volumes, optimising channel usage across bulk cash centres, branches and SmartBox. Our cash operations include the outsourced SBV centres as well.
FNB Public Sector Banking offers integrated financial services with specialist solutions
for the following municipal needs from companies within the FirstRand Group:
Through our research, FNB Public Sector Banking is able to understand not only the requirements of municipalities, but also the requirements of their communities and the interaction between the municipalities and these communities.
Our solutions are best tailored to suit your needs and we have a dedicated team to assist you in making the right decisions to ensure that we add value to your business.
To find out more about FNB's special service offering for municipalities please contact us.