eBucks is a rewards program offered by FNB (First National Bank) in South Africa. The program rewards customers for using certain FNB products and services, including Forex trading. Forex trading is the buying and selling of currencies on the foreign exchange market. FNB offers a Forex trading platform that allows customers to trade in various currencies, including US dollars, British pounds, and euros.
So, how much eBucks do you get for Forex deposit? The answer depends on several factors, including the amount of the deposit, the currency traded, and the exchange rate at the time of the transaction.
To earn eBucks from a Forex deposit, you must first be a member of the eBucks rewards program. If you are not already a member, you can sign up for the program through the FNB website or mobile app. Once you are a member, you can earn eBucks by making Forex deposits into your FNB account.
The amount of eBucks you earn depends on the size of your Forex deposit. The eBucks rewards program offers a tiered system where the more you deposit, the more eBucks you earn. For example, if you deposit between R10,000 and R24,999, you can earn up to 100 eBucks. If you deposit between R25,000 and R49,999, you can earn up to 200 eBucks. And if you deposit more than R50,000, you can earn up to 400 eBucks.
The currency you trade also affects the amount of eBucks you earn. FNB offers Forex trading in various currencies, and the exchange rate for each currency changes daily. The eBucks rewards program uses a formula that takes into account the exchange rate and the size of your deposit to calculate the number of eBucks you earn.
For example, if you deposit $1,000 USD into your FNB account and the exchange rate is 1 USD to 14 ZAR (South African Rand), you would earn approximately 1,400 eBucks. However, if you deposit the same amount when the exchange rate is 1 USD to 15 ZAR, you would earn approximately 1,500 eBucks.
It’s important to note that eBucks earned from Forex deposits can take up to 60 days to reflect in your eBucks account. Additionally, there are certain terms and conditions that apply to earning eBucks from Forex deposits. For example, the funds deposited must be from a foreign source, and the account must be in good standing.
In conclusion, eBucks is a rewards program offered by FNB in South Africa that rewards customers for using certain FNB products and services, including Forex trading. The amount of eBucks you earn from a Forex deposit depends on several factors, including the size of your deposit, the currency traded, and the exchange rate at the time of the transaction. By understanding these factors, you can maximize your eBucks rewards and enjoy the benefits of the program.
