15
Jan
Chamwe Kaira The Bank of Namibia’s comparison of e-money-related fees shows that all banks charge a fee when an account holder sends money to an e-money wallet using online banking, mobile banking applications, or USSD payment channels. The central bank said recipients are entitled to one free cash withdrawal per month from an e-money wallet, either at an ATM or through a merchant or agent. After the free withdrawal, banks may apply fees. Bank Windhoek charges the lowest ATM cash-out fee at N$10.50. First National Bank (FNB) charges N$14 per withdrawal. Standard Bank Namibia does not charge any ATM cash-out…
