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Offer:How to Buy MTN Shares on FNB
Buy MTN Shares with FNB. Use the FNB Trading Platform to buy and sell MTN shares online with tailor-made Solutions and trading portfolio options
| 🔎 Company | 🥇 MTN |
| 📌 Type | Public |
| 📍 Traded as | JSE: MTN |
| ⚙️ Industry | Telecommunications |
| ✅ Founded | 1994 |
| ☑️ Headquarters | Johannesburg, South Africa |
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RECOMMENDED JSE BROKER
🛡️ Trust Score
97%
Avatrade - #1 JSE Trading Platform
- Time to open Account - Only 12 Hours
- Low Commissions
- Invest in any JSE Top 40 Share
How to Buy MTN Shares on FNB – 4 Key Point Quick Overview
- ✅ FNB Investment Overview
- ✅ How to buy MTN Shares on FNB Step by Step
- ✅ FNB Online Banking
- ✅ The FNB Banking App
FNB Investment Overview
First National Bank (FNB) is one of South Africa’s oldest and largest banks that offers its customers myriad services. In addition, FNB‘s investment accounts are some of the best ways customers can gain exposure to shares listed on the JSE, including MTN Group (MTN). FNB offers a wide range of investment options, including individual shares, Exchange-Traded Funds (ETFs), Exchange-Traded Notes (ETNs), Contracts for Difference (CFDs), and more.
How to buy MTN Shares on FNB – Step by Step
If you want to invest in MTN, the process involved with purchasing shares is extremely straightforward. Firstly, FNB offers five diverse ways through which you can invest, including:
- Shares Zero – allowing you to start investing without worrying about monthly fees and giving you exposure to top local and global companies.
- Share Saver allows you to start investing from 300 ZAR, and you can invest locally or offshore.
- Share Builder provides a selection of pre-selected baskets of shares, ETNs, and ETFs.
- Share Investor provides access to the entire range of JSE-listed shares and ETNs.
- Tax-Free Shares allow you to start investing from 300 ZAR per month and all your returns are tax-free.
Before investing, you must:
- Ensure that internet banking is configured for your FNB profile. Include your FNB mobile app if you want to purchase shares via it.
- Create an account titled “Share Investor.” In addition, you must create a share investor account inside your banking profile. You should be able to do so using your online banking profile.
- Lastly, you must ensure that your investment account has been funded. To do this, select the “transfer” link on the main page of your online banking profile, and then transfer funds from an account with available funds to your “Share Investor” account. Furthermore, these funds will instantly reflect because it is a direct transfer.
FNB Online Banking
After completing these three steps, you can purchase shares using FNB online banking following these steps:
- Log into your FNB app or online banking.
- Select the menu and navigate to “My Investments.”
- Select the Investment Detail option that will show your savings account, after which you can choose “share portfolio.”
- Click “open share portfolio account” if there are no accounts below your “share portfolio.” This post does not cover creating a share portfolio account.
- If your “share portfolio” contains accounts, click on the account you want to use.
- Next, select “shares” and search for MTN or enter “MTN.”
- Next, select “buy” and indicate the number of shares you want to purchase and the price you are willing to pay.
- FNB will inform you how many shares you may purchase with the funds in your investing account. If you want to purchase as many shares as possible, use a figure lower than their recommendation. If you pay more per share, your purchase will not be canceled for inadequate cash.
- The next option is “price at.” Here, “best” indicates that you will acquire the shares at the next available price, and “limit” indicates that you can specify a maximum price you are ready to pay for the share.
- Examine every detail, and once you are satisfied, click the purchase button in the lower-right corner of your screen.
- Examine the transaction’s fees and specifics, tick the box on the bottom left, and then hit Confirm on the bottom right.
The FNB App
To purchase MTN Shares via your FNB app, you can follow these steps:
- Log into your FNB App and select the “Menu” option from the bottom right side of the screen.
- Select “Invest” from the options, and your Investment Overview will load.
- From here, you can click on “Investment Detail.”
- You can either create a new share account by clicking on the “+” or, if you have already established an investor account, you can click on it.
- This page will view all your account information, including available funds for trading, total worth, and other metrics.
- Tap “trade” in the bottom-right corner if your account has been funded.
- Select “Buy Shares.”
- Enter “MTN” to locate your stock in the search tab. Then, tap the stock you want to purchase.
- To purchase, hit the “Buy” button in the bottom-right corner.
- Choose your “price at” selection and the number of shares you want.
- As previously stated, this is what “price at” implies. “Best” indicates that you will purchase the shares at the next available best price. In contrast, “Limit” allows you to choose a maximum price for the share.
- Then enter the desired number of shares. Ensure you do not exceed your budget’s recommended “Maximum shares” for your budget. Subsequently, it will be canceled if you do not have sufficient funds for the deal.
- Next, click “proceed” in the bottom-right corner.
- Review your information, then click “confirm” in the bottom-right corner.
Frequently Asked Questions
Is it hard to buy MTN shares on FNB?
The process of signing up for an FNB account may seem tedious. However, once you are an FNB customer, the process involved with buying shares with the iOS and Android app is straightforward. In addition, using the FNB App, you can easily monitor your investment in a central place.
How can I buy and sell my MTN shares on FNB?
You can use your FNB app to manage your MTN investment. For example, with the FNB app, you can easily buy and sell MTN shares at the best or limited prices.
How much can I expect to pay for MTN shares on FNB?
MTN shares on FNB will depend on whether you set a best or limit order when you buy MTN shares. In addition, you can expect certain brokerage fees when FNB facilitates your transaction.
What is the minimum that I can invest in FNB?
FNB does not have a minimum balance requirement when registering an FNB Shares Zero Account. However, there might be a minimum investment depending on the shares you intend to purchase.
In addition, there are certain account maintenance fees that you might have to pay monthly, even if you have not yet bought any shares.
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