Bank Windhoek announced on Tuesday that it has effected value added services such as free legal access cover and life cover for current and transaction account holders, effective as from 01 July 2019.
This was revealed in a statement detailing the bank’s revised fee structure.
“Bank Windhoek has introduced value-added services such as free legal access cover to the value of N.dollars 30 000 to all its current- and transaction accounts holders, as well as life cover of N.dollars 30 000 and N.dollars 7 500 on current- and transaction accounts respectively,” the statement said.
It was further revealed in the statement that the bank has reduced the overdraft review fee rate by 10 per cent due to challenges faced by its customers in the current economic environment.
For the same reason, there will be no increases in the bank’s account management fees for transactions and all current accounts, while access to internet banking, the mobile app, cellphone banking, EasyWallet, GoPay, purchasing of prepaid electricity and SMS notifications for debit and credit transactions, remain free.