21 January 2013

Namibia: Standard Bank Plans No Increase in Transactional Fees

Windhoek — Standard Bank Namibia last week announced that it will not be increasing its transactional fees on all transactional and current accounts for all personal and private banking market segment customers this year.

Transactional fees include but are not limited to ATM charges and Internet and mobile banking payments.

"This decision was made in light of the local economic conditions and in appreciation to our clients for their continued support and loyalty," explained the bank's Head of Personal and Business Banking, Baronice Hans.

Nedbank and Standard Bank usually announce their new fee structures in January, whereas Bank Windhoek and First National Bank usually release their new fee structures in June, effective from July.

"We are in the process of going through our reviews and will be making an announcement shortly, perhaps within the next few weeks," noted Nedbank Namibia's spokesperson, Gernot de Klerk.

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