FNB Namibia clients will no longer use domestic payment channels for cross-border EFTs - nbc

Clients of the First National Bank of Namibia (FNB) who receive cross-border electronic fund transfer (EFT) payments within the Common Monetary Area (CMA) will no longer be permitted to use domestic payment methods and channels.

[@iclerkrun6602]

In terms of this new method's fee structure, you will pay a charge of N$35 to FNB even if you send only R100 to SA. Say for example you go to SA for medical treatment. You do blood tests. They claim against your medical aid but a payment of R15 gets rejected and the service provider sends you a bill of R15. Now you have to spend N$50 to settle the R15 amount.

[@StayTuned-TV]

Useless bank.😢 please bank Windhoek don't do that..

[@user-df9ce6vk3w]

This Applies to all banks within the CMA not just FNB

[@mukundaphiggojacob2069]

This is how Crypto currencies will enter this financial
gap and takeover what the banks can’t handle.

[@munyaradziaubreymazai1232]

Stupid move

[@user-sk6bb7qu8s]

Poes move

[@user-hs2cj8yv6r]

Good for economics and stop money laundering. Good movie people have been transferring stolen money.