FNB brings estate planning online

Staff Writer
By Staff Writer, ITWeb
Johannesburg, 13 Sept 2019

First National Bank (FNB) customers can now draw up their own wills via the bank’s online platform, at no cost.

The bank details that the FNB Online Wills solution guides customers through a step-by-step process for drafting and downloading their wills.

Approximately 80% of South Africans don’t have a valid will in place, and even more concerning is that many people believe it’s a need only when they get older or later in life, notes FNB.  

Sizwe Nxedlana, CEO FNB Wealth and Investments, says: “A will is a vital part of your legacy planning and helps ensure your loved ones are secure in the event of your passing. Contextual, innovative market-leading digital platforms like the FNB wills online platform are core to our strategy and principles.

“Whilst the digital process is simple and easy to use, the solution also helps with a dedicated client support centre should clients need further assistance or advice regarding the drafting of their wills,” says Johan Strydom, growth head of FNB Wealth and Investments.

“The solution aims to simplify the process and allows customers to easily draft a will online anytime and at any place, at no cost. In addition, FNB will keep your original will in safe custody at no extra cost.”

Strydom adds: “People own a great deal of physical and financial assets. This online solution offers FNB clients the opportunity to take an important step in ensuring their assets are well secured for their loved ones.”

Perceptions of wills need to change, as this forms part of your and your family’s financial wellness, concludes Nxedlana.

“This new innovation allows us to democratise wills, thereby ensuring it’s available and accessible to all.”