1 JULY 2016
NAMIB TIMES
Bank Windhoek announces new fee structure
Baronice Hans, Managing Director
Bank Windhoek announced its new fee structure which becomes effective from 1 July 2016. “Bank Windhoek's approach of ensuring customers always get value for their money when it comes to banking costs, was a key driver in the annual review of our fees,” said Baronice Hans, Managing Director. “As a co-creator of the Namibian Code of Banking Practice, Bank Windhoek embraces the principle of transparency when it comes to fees for products and services and therefore is committed to disclose these fully. Furthermore, we aim to give our clients the best advice on using their bank accounts as cost effectively as possible, thereby assisting them to pay the lowest possible fees for their day-to-day banking. As the financial partner of our clients, we want our clients to make informed decisions when managing their bank accounts and when using our products and services. Our ultimately aim is to make banking easy, affordable and accessible. We would therefore like to encourage our clients to contact their Bank Windhoek branch, to enquire or obtain any additional information honour annual fee increase,” said Baronice Hans. Bank Windhoek aims to offer convenient and accessible banking services to our clients through our extensive national network of branches, agencies, ATMs and other channels including our Mobile App which was launched in November 2015. The Mobile App offers clients the convenience of payments to third parties and other beneficiaries, purchasing airtime, purchasing electricity, doing balance enquiries, request mini-statements and more. The Mobile App fees remain unchanged from the prior year, except for Beneficiary and 3rd Party Payments on the App which were increased by 2.53% only. In an effort to encourage and promote customer use of electronic channels, all related prices to Cellphone Banking and Internet Banking have remained unchanged from the prior year. Additionally, the IBank administration fee for individuals has been made free of charge. The SMS notifications for IBank activity and transactions remain free, thereby empowering customers to be constantly informed of all activity on their transaction
benefits that come with the access to financial services and products. The zero cash handling fee also benefits small and medium enterprises (SME's) with a turnover of less than N$1 million as a means of supporting and assisting these start-up businesses to reach success. Our basic bank account (EasySave) offers a range of benefits making it the Bank's most affordable transaction account for low-income earners. EasySave clients pay no monthly service fee, no cash deposit fee and very low withdrawal fees. In addition the Life Cover increased from N$5000 to N$5500. Good news for Bank Windhoek's Solo clients (youth under the age of 19 years) is that Solo still offers free ATM withdrawals at Bank Windhoek ATMs and free Point-of-Sale transactions and lower monthly service fees are charged for these young clients. Bank Windhoek launched the SoloBank on 18 June 2016 at its Grove Mall branch, which is specifically geared towards children between the ages of 8 and 18 and with the aim to teach financial literacy to kids at a young age. Bank Windhoek's SeniorSave clients (clients aged 55 years and older) do not pay a monthly service fee and continue to benefit from free ATM withdrawals at Bank Windhoek ATMs and free Point-of-Sale transactions. Both the notice and the brochure will be published on Bank Windhoek's website at www.bank windhoek.com.na
ESTATE LATE 1. Full name: Martha Elizabeth Susanna Barnard 2. Identity number: 37040200074 3. Occupation: Pensioner 4. Last address: Lions Old Age Home, Swakopmund 5. Only if deceased was married in community of property: Nato Wi l l i a m B a r n a r d , 3411160007, 1934-1116 6. Date of birth: 193704-02 Debtors and creditors in the above estate are requested to forward their claims and pay their debts to the undersigned within a period of 30 days from date of publication of this notice. EXECUTRUST (PTY) LTD P. O Box 32098 Tel: 061 - 258 438 Windhoek Ref: A P van Straten
accounts and reduce the risk of losses due to fraudulent transactions. We would like to encourage our clients to make use of electronic channels such as our Mobile App, Cellphone Banking and Internet Banking (IBank) as transactions on these channels are cheaper to use compared to conducting over-the-counter transactions. Our Cellphone Banking services continues to offer clients a convenient and costeffective channel to conduct their banking 24/7, such as paying third parties and other beneficiaries; purchasing airtime, do balance enquiries, request mini-statements and also buy electricity. The purchase of electricity remains free on Cellphone Banking. Bank Windhoek is also proud to offer very competitive Point-of-Sale purchase (transaction) fees in the market and would like to encourage clients to make use of their debit cards for transactions which is much safer than carrying around cash. Bank Windhoek's individual and business clients with an annual turnover of N$1 million or less continue to benefit from free cash deposits at all Bank Windhoek branches. Banking fees and charges are cited as one of the reasons why some Namibians do not have bank accounts. With the waiving of cash deposit fees for all individual clients, Bank Windhoek believes that more people will open a bank account and enjoy the
ESTATE NOTICE In the estate of the late Johannes Engelbrecht, Id no: 480322 0008 8, of Erf No.1895 Mondesa, Swakopmund, who died on 2 October 2013 and who was married in community of property to Magrietha Magdalena Engelbrecht, Id no: 560213 0029 7. Master’s Ref: 1780/2013 In terms of Section 35(5) of Act 66 of 1965, notice is hereby given that the FIRST AND FINAL Liquidation and Distribution Account in the above estate will be open for inspection of all persons interested therein for a period of twenty one (21) days from date of publication hereof at the office of the Master of the High Court Windhoek and the Magistrate’s Court Swakopmund. Should no objection thereto be lodged with the Master concerned during the specified period, the executor will proceed to make payment in accordance with the account. H VISSER Agent of the Executrix c/o KINGHORN ASSOCIATES Haus Altona 2-6 Tobias Hainyeko Street P. O. Box 1455 Tel: (064) - 405051 Swakopmund (Ref: HV/LM-EST 143/0001-70)
23
VACANCIES