STAFF WRITER
Standard Bank Namibia have introduced a new banking fee structure that will allow clients to enjoy three free Automated Teller Machine withdrawals, free swiping as well as free point of sale purchases for Basic Bank Account holders, Senior Citizens, and bundle clients.
A statement released by the Bank’s Senior Manager: Public Relations and Communications , Elzita Beukes on Wednesday said the changes also include significant fee reductions across digital channels, making everyday banking easier and more cost-effective.
Key Highlights of the 2026 pricing update Free ATM Withdrawals for first three ATM withdrawals every month, 50% cut on Digital Banking Fees including MyUpdate now N$6.25, EFTs down to N$9.20 (free on bundles), and inter-account transfers are free across ATM, Internet Banking, and App.
The new fee structure also Basic Bank also introduces free point of sale ( POS), free debit orders, and free first three ATM withdrawals, New Value Bundles for Titanium, Platinum, Young Professionals, and Private Banking options and Blue Voucher Fee Reductions:.
As part of this update, customers can now swipe for free and enjoy three free ATM withdrawals every month – a move designed to put more money back in the hands of Namibians while promoting convenient, secure banking.
Personal and Private Banking Product Head at Standard Bank Namibia Nolan Angermund said “Our new pricing model is designed to make banking simpler and more affordable, while encouraging digital and card-based transactions. Free swipes and free withdrawals are just the start of our commitment to delivering value and convenience.”
Angermund added that “Removing swipe fees and introducing free withdrawals encourages cashless, traceable transactions that are safer and more convenient. Over time, this will lower barriers to financial participation, especially for the unbanked and underbanked.”
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