Bank adverts found to be misleading

2012-04-27 09:08
Johannesburg - Both Standard Bank and First National Bank have been found guilty of misleading advertising, according to a report on Friday.

Last month the banks accused each other of ambiguous and unsubstantiated marketing and both approached the Advertising Standards Authority (ASA) over adverts they believed were misleading to consumers, the Star newspaper reported.

FNB was found to be misleading the public for its claim that its Smart Zero account was the "first bank account in South Africa with a zero monthly fee".

It found that other banks had offered this service in the past, including Standard Bank.

The authority also found that Standard Bank's posters which read: "free cellphone banking, free telephone banking, and free internet banking", were misleading as it did not inform consumers that certain costs applied, like a subscription fee.

Read more on:    fnb  |  standard bank

SHARE:

Read News24’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
79 comments
Add your comment
Comment 0 characters remaining

Inside News24

 
SPONSORED CONTENT
4 real car inventions that seem like science fiction

Vehicle design and tech have come so far so fast, that what seemed impossible has become reality. These are some of the fun and exciting innovations that have found their way into vehicle tech.

/News
 

10 most expensive cars In the world

This is car porn at its best!

 
 

Luxury living

Seven of the most expensive children's toys ever made
5 millionaires turned murderers
The youngest billionaires in the world and how they made it
Watch: Flying first class has never been this luxurious!
Horoscopes
Aquarius
Aquarius

You are active, busy and on a mission today. There may be a special person you wish to entertain and may put in the extra effort...read more

There are new stories on the homepage. Click here to see them.
 
English
Afrikaans
isiZulu

Hello 

Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.


Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.

Settings

Location Settings

News24 allows you to edit the display of certain components based on a location. If you wish to personalise the page based on your preferences, please select a location for each component and click "Submit" in order for the changes to take affect.




Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.