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