Zero maintenance bank account launched

21 August 2019 | Banking

With Nedbank Namibia’s recently launched Pay-As-You-Use account, clients of any age or income group pay bank charges only when they make a transaction.

“We are excited to launch the Pay-As-You-Use bank account which does not carry any monthly maintenance fees. Nedbank has designed the account for customers who do not transact frequently, or who want to be in charge of their monthly banking fees on a per transaction basis,” says Richard Meeks, retail banking executive at Nedbank Namibia.

The Nedbank Pay-As-You-Use account is a contrast to the bank’s Gold Bundled account, where the customer is charged a fixed amount of N$130 for unlimited banking transactions, including Point of Sale swipes and ATM withdrawals.

“Simplifying our product range in this way, allows us to put more focus on understanding and serving the customer’s needs, as opposed to maintaining the complexity of a broad product range. The Pay-As-You-Use account forms part of Nedbank’s initiatives to offer easy, safe and convenient banking to clients,” says Meeks.

Recently, Nedbank Namibia also launched a new banking app, called Nedbank Money Africa. Moreover, the bank announced its cash withdrawal service points have grown from 65 to 188 by introducing the Cashout service, which is available in all major retail stores countrywide.

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