Standard Bank Namibia has announced a revised pricing structure that took effect on 1 January 2026, reducing banking costs for small and medium-sized enterprises as well as individual and family customers.
The bank said the new pricing framework is aimed at lowering the cost of banking, encouraging greater use of digital channels and supporting financial inclusion across different income groups and customer segments.
According to the bank, the revised structure includes reduced fees on digital transactions, free point-of-sale purchases for selected customer categories, and four bundled account offerings tailored to different lifestyles and income levels. The bank said the bundles combine banking services with additional benefits at a lower overall cost.
Karen van der Merwe, Head of Personal and Private Banking at Standard Bank Namibia, said the pricing changes were designed to ease cost pressures on customers while improving access to banking services.
“Pricing should never stand in the way of progress. Our 2026 pricing is designed to ease the cost of banking while adding meaningful value. Lower fees, simplified bundles and more free services mean our customers can focus on building their future,” Van der Merwe said.
Under the revised structure, customers will benefit from lower electronic funds transfer fees, free inter-account transfers and expanded access to free services for Basic Bank Account holders, senior citizens and bundle customers.
The pricing update also introduces revised fees for small and medium-sized enterprises, with the bank saying the changes are intended to reduce transaction costs and improve financial visibility for entrepreneurs.
Hellen Amupolo, Head of Business and Commercial Banking, said the revised SME pricing reflects the bank’s focus on supporting business growth.
“When SMEs grow, Namibia grows. Our approach reflects a commitment to inclusion and impact, partnering with entrepreneurs at every stage of their journey,” Amupolo said.
Standard Bank Namibia said the pricing changes form part of its broader strategy to support digital banking adoption, improve affordability and promote sustainable economic growth.
