Last Updated on November 27, 2023 by Elidge Staff

Sending Money Abroad With FNB Namibia Global Payments (FNB forex payments)

If you need to send money abroad, FNB Namibia Global Payments service can make the process simple, secure, and convenient.

Here’s what you can expect When using FNB Namibia Global Payments:

Secure and Fast Service (FNB forex payments)

FNB Namibia uses the SWIFT method of transferring funds, guaranteeing a secure, fast, and standardized transfer service to suit your needs. You can trust that your money will be sent safely and efficiently.

Competitive Fees and Personalized Exchange Rates

FNB Namibia offers personalized exchange rates and competitive fees, making it a cost-effective option for your global payment needs.

24/7 Availability via Online Banking or FNB Banking App

With FNB Namibia, you have the ability to manage your global payments online, 24/7/365. You can upload documents and save beneficiaries online, simplifying the process and making it more convenient for you.

Smiling female holding bank credit card, smartphone, using online banking service at home. FNB Namibia Global Payments

Secure Electronic Banking Platform (FNB forex payments)

Payments are processed securely on FNB Namibia’s electronic banking platform, giving you peace of mind that your money is in good hands.

Easy-to-Use Online Banking System

FNB Namibia’s online banking system makes it easy to send and receive money globally. Here’s how it works:

How To Send Money Abroad With FNB Namibia Global Payments (FNB forex payments)

Login to your Online Banking account
Select the ‘Forex’ tab
Click on ‘Global Payments’
Select ‘Once-off Global Payment’ (if it’s a once-off payment or first payment to a new recipient) or ‘Recipients’ if it’s a repeat payment
Complete the transaction details, including the beneficiary’s personal information and banking details
Select a reason for your payment and complete the transaction
Receive an email confirmation upon completion of your payment

Rear View Of Couple Using Online Banking On Laptop | FNB Namibia Global Payments

How To Receive Money Abroad With FNB Namibia Global Payments (FNB forex payments)

Login to your Online Banking account
Select the ‘Forex’ tab
Click on ‘Global Receipts’
Select the payment received that you want to process
Complete the transaction details, including the reason for the funds being sent to you
Receive an email confirmation upon completion of your payment

Balance of Payments Reporting Guaranteed

As an Authorized Dealer in foreign exchange, FNB Namibia is required to report cross-border customer transactions to Bank of Namibia. This system of reporting is called balance of payments reporting or BoP reporting. You can trust that FNB Namibia will handle this process for you, giving you one less thing to worry about.

Qualifying Criteria for Global Payments (FNB forex payments)

To use FNB Namibia’s Global Payments service, you must meet the following criteria:

Have an FNB qualifying account
Have access to FNB Online Banking

FNB Namibia Global Payments, banking and online shopping with ecommerce by a woman with a credit card and phone on her

Documents Required (FNB forex payments)

When sending a cross-border payment with FNB Namibia, you’ll need to ensure that you comply with all Bank of Namibia regulations. When capturing your payment online, you will be notified of what documentation is required when you select the reason for your payment. Depending on the nature of the transaction when sending funds abroad, you may be required to supply additional information. Alternatively, you can contact the Forex Advisory Team for assistance.

Credit card, phone banking app and approval check on a mobile website payment with laptop mockup. | FNB Namibia Global Payments

With FNB Namibia’s Global Payments service, sending and receiving money abroad has never been easier. With competitive fees, personalized exchange rates, and a secure electronic banking platform, FNB Namibia offers a reliable and convenient option for your global payment needs.

FAQs for FNB Namibia Global Payments (FNB forex payments)

What is FNB Namibia Global Payments? It is a service offered by First National Bank Namibia that allows customers to send money abroad quickly, securely and conveniently through Online Banking or the FNB Banking App on their smartphones.
What is SWIFT? SWIFT is a global messaging network used by banks and other financial institutions to securely transfer funds between accounts. FNB Namibia Global Payments uses the SWIFT method of transferring funds to ensure a secure, fast, standardised transfer service to suit your needs.
How do I send money abroad using FNB Namibia Global Payments? To send money abroad using FNB Namibia Global Payments, you can log in to your Online Banking account, select the ‘Forex’ tab, then select ‘Global Payments’. From there, you can select either ‘Once-off Global Payment’ if it’s a one-time payment or ‘Recipients’ if it’s a repeat payment. Complete all the required information about your transaction and beneficiary’s personal information and banking details.
How do I receive money from abroad using FNB Namibia Global Payments? To receive money from abroad using FNB Namibia Global Payments, you can log in to your Online Banking account, select the ‘Forex’ tab, then select ‘Global Receipts’. Select the payment received that you want to process, and complete the transaction details.
What are the benefits of using FNB Namibia Global Payments? Some benefits of using FNB Namibia Global Payments include:

A secure and fast service guaranteed
Personalised exchange rates and competitive fees
Available 24/7/365 via Online Banking or the FNB Banking App on your smartphone
Simplified process with the ability to upload documents and save your beneficiaries online
Payments are securely processed on the FNB electronic banking platform
Confirmation of your payment will be emailed to you upon completion

What is Balance of Payments (BoP)? Balance of Payments (BoP) is a system of reporting cross-border customer transactions to Bank of Namibia that FirstRand and its divisions, including RMB and FNB, are required to follow as an Authorised Dealer in foreign exchange.
What are the qualifying criteria for FNB Namibia Global Payments? The qualifying criteria include:

FNB Online Banking
An FNB qualifying account

What documents do I need to provide for FNB Namibia Global Payments? You will need to ensure that you comply with all Bank of Namibia regulations as this is a cross-border payment. When capturing your payment online, you will be notified of what documentation is required when you select the reason for your payment. Depending on the nature of the transaction when sending funds abroad, you may be required to supply additional information.
How can I apply for FNB Namibia Global Payments? You can apply for FNB Namibia Global Payments in the following ways:

Contact FNB at 061 299 2222
Visit your nearest FNB branch
Apply on FNB Online Banking

Where can I get more information about FNB Namibia Global Payments? You can get more information about FNB Namibia Global Payments by visiting the FNB Namibia website at https://www.fnbnamibia.com.na or by contacting the Forex Advisory Team who can assist you further.