Local banks drop digital fees

Visits to physical facilities present increasing risks of infections, or cross-contamination of the novel coronavirus, and are against the spirit of social distancing.

31 March 2020 | Banking

Both FNB Namibia and Standard Bank Namibia this weekend lowered fees on their digital platforms to encourage the public to stay at home during the lockdown.

From 1 April to 30 June, all transactions done on the FNB App will be free, the retail executive of the bank, Nangula Kauluma, said on Sunday.

As of the 1st of April, until the 30th of June 2020, FNB will be making all transactions done on the FNB App free, at a 100% discount.

The discount applies to payments, transfers, purchases of prepaid airtime and electricity on the FNB App. The FNB App is free to download and access and does not carry any additional data charges.

Kauluma encourages all customers to swipe as opposed to using cash in these times. FNB has reduced the swipe fee by 50% for all customers on Pay As You Use Pricing Options, with Kauluma noting that this fee is already free for all customers on Electronic Pricing Options.

All FNB Namibia cashback withdrawals at a Point of Sale will be free. This means FNB customers can withdraw from their accounts at no charge from branded tills at their favourite Retailers including Shoprite, USave and Checkers.

Additionally, FNB retail customers are encouraged to make use of FNB ATMs that allow retail customers to deposit up to N$20 000 into any FNB account without any additional charges.

Commercial customers' ATM/ADT deposit fees have also been significantly reduced.

“All customers are encouraged to make use of FNB's widest range of digital services in the country, in order to stay safe and limit the spread of COVID19. We wish all our customers a safe lockdown at home,” concluded Kauluma.



Standard

Standard Bank Namibia said all transactional fees related to value-added services such as TV subscriptions, electricity and airtime purchases have been waived.

Cellphone banking and third-party payments through Enterprise Online, Internet Banking and the Standard Bank App will be discounted by 25% from 1 April until 30 June, the bank said, adding that charges on BlueVoucher transactions will be reduced by 10%.

“We encourage our clients to transact from their homes using our digital offerings,” the bank said in a statement. “We urge customers to only visit our branches when it is necessary.”

The bank said visits to physical facilities present increasing risks of infections, or cross-contamination of the novel coronavirus, and are against the spirit of social distancing.

Similar News

 

Bank Windhoek MD Baronice Hans meets the Graduate Development...

5 hours ago | Banking

Desiree Gases On Friday, 10 September 2021, Bank Windhoek's managing director, Baronice Hans, met the nine Graduate Development Programme (GDP) inductees in Windhoek. On...

Celebrating Namibian Cuisine

5 hours ago | Banking

Jeanette DiergaardtThe Nedbank Kapana Cook-Off 2021 saw yet again a successful preliminary round come to an end on Saturday 18 September at the Soweto Market...

Agribank introduces whistleblower platform

3 days ago - 21 September 2021 | Banking

ELLANIE SMITWINDHOEKAgribank has introduced an anonymous whistleblower platform where unethical, corrupt or fraudulent activities can be reported by staff, the public and other stakeholders.The introduction...

Agribank introduces whistleblower platform

1 week ago - 17 September 2021 | Banking

ELLANIE SMITWINDHOEKAgribank has introduced an anonymous whistleblower platform where unethical, corrupt or fraudulent activities can be reported by staff, the public and other stakeholders.The introduction...

Nedbank supports frontline health workers

1 week ago - 17 September 2021 | Banking

For restaurants and their workers, the abrupt closures, inconsistent reopening’s and changes in the public health guidance for operations have placed severe pressure on the...

Nedbank supports frontline health workers

1 week ago - 17 September 2021 | Banking

For restaurants and their workers, the abrupt closures, inconsistent re-openings and changes in the public health guidance for operations have placed severe pressure on the...

1300 benefit from Agribank loans

2 weeks ago - 06 September 2021 | Banking

ELLANIE SMITWINDHOEKAgribank disbursed loans to the value of N$217 million, benefiting a total number of 1 301 customers, during the financial year 2020/2021.This is contained...

FNB celebrates Namibian athletic stars

4 weeks ago - 27 August 2021 | Banking

Staff Reporter On 24 August 2021, First National Bank (FNB) Namibia handed over an amount of N$100 000 to Christine Mboma, N$80 000 to Beatrice...

Capricorn Foundation supports pre-schools in informal settlements

1 month - 20 August 2021 | Banking

Staff reporter During the lockdown, Capricorn Group and its subsidiary company Entrepo Holdings, through their corporate social responsibility vehicle, partnered with Step out of Poverty...

Nedbank

1 month - 13 August 2021 | Banking

The Nedbank Young Professional campaign was largely created by local young professionals, features Namibian Rapper Latoya ‘Lioness’ Mwoombola, who is also a medical doctor, and...

Latest News

Marketing Namibia as an investment...

5 hours ago | Economics

PHILLEPUS UUSIKUThe ease of doing business, quality of roads and infrastructure, political and economic stability, good governance and judiciary independence are some of the factors...

Forklifting failure

5 hours ago | Others

Natasja ByleveldAre you OK thinking about unconventional ideas that could uplift society and norms to a higher standard? Do you like a challenge, or do...

Big thinker who is not...

5 hours ago | People

Contrasting with his considered, analytical, and steady approach to life, Rolf Mendelsohn is an undisputed adventurer. Together with the other founders of Paratus, Rolf...

Children abused as govt turns...

5 hours ago | Police

JEMIMA BEUKES WINDHOEKStaff at a centre for orphans and vulnerable people in Katutura...

Economy crawls into the green

5 hours ago | Economics

Jo-Maré Duddy WINDHOEKNamibia’s economy grew by 1.6% for the three months ended 30 June, the first positive year-on-year quarterly growth since the...

Oxygen giant spreads misinformation in...

5 hours ago | Health

MADLEN DAVIES and TUYEIMO HAIDULA LONDON/OSHAKATI One of the world’s biggest industrial gas companies spread misinformation in an attempt to stop...

Nigeria aims to boost oil...

5 hours ago | Economics

Nigeria said Wednesday it aims to produce 1.88 million barrels per day of crude oil next year and the budget will be based on the...

Submissions open for Hollard Sport...

5 hours ago | Economics

STAFF REPORTERLockdown and the limitations on gatherings and events have driven those in the sports marketing and promotional space to have to adapt, digitise, dig...

An easy ride-hailing platform

5 hours ago | Others

Wetumwene Shikage The everyday experience for many Namibians of getting a taxi to from different locations has been made more convenient. TaxiConnect provides an easy...

Load More