Last Updated on November 27, 2023 by Elidge Staff

Standard Bank Namibia: Account Opening and Closure Fees, Information, and Free Services

Standard Bank Namibia is one of the leading financial institutions in the country, providing a range of banking services to individuals and businesses. In this article, we will discuss the fees associated with account opening and closure, as well as other useful information about the bank’s services.

Account Opening and Closure Fees

Opening an account with Standard Bank Namibia is free of charge, and customers can choose from a range of account options depending on their needs. Similarly, account closure is also free of charge, although customers may be required to settle any outstanding balances before closing their accounts.

Standard Bank Namibia Additional Charges and Fees

Standard Bank Namibia offers a variety of services to its customers, including ATM card issuance, statement printing, and international SWIFT payments.

Here are some of the fees associated with these services:

  • First issue of ATM card: Free
  • Replacement card issuance: N$173.50
  • Mini statement at ATM: N$5.25
  • My Updates monthly subscription: N$12.00
  • Deposit book triplicate large: N$450.00
  • Stop payments: N$150.00
  • SWIFT payments: 1.00% (min N$210.12, max N$405.53) plus teletransmission fee N$152.44
  • Penalty fees: unauthorised overdraft N$320.00 per item, referral fee N$300.00, dishonoured payment (per instance) 1.50% of value (min N$44.00, max N$200.00)

Free Services

In addition to the services listed above, Standard Bank Namibia also offers a range of free services to its customers. These include:

  • First issue of AutoBank card: Free
  • Internet banking subscription: Free
  • Balance enquiries at Standard Bank ATM: Free

Overall, Standard Bank Namibia provides a range of services to meet the needs of its customers. By understanding the fees and charges associated with these services, customers can make informed decisions about their banking needs.

If you have more questions, look through our blog for answers!