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Newsletter - November 2004

New Products

Nedbank Namibia Limited introduced a new range of cheque accounts on 1 November 2004 to cater for all your needs.

Nedbank SILVER Account
This cheque account is targeted at the client who earns a monthly gross salary of between N$2,000.00 - N$10,000.00 The following features are available:
  • Cheque Book
  • Debit Card
  • Debit order /Stop Order and magtape facilities
  • Electronic/ Internet Banking
  • ATM Banking
The following benefits are available:
  • Classic Credit Card is automatically issued, with a limit of 50% of 1 month's gross salary
  • Residential Home Loans and Motor Vehicle financing (ISF) is available according to affordability
  • Overdrafts facilities are available
Nedbank Gold Account
This cheque account is targeted at the client who earns a monthly gross salary of between N$10,000.00 - N$25,000.00 and for clients who have a diploma or degree and who earn a monthly income or between N$6,000.00 and N$21,000.00

The following features are available:
  • Cheque Book
  • Debit Card
  • Garage Debit Card
  • Debit order /Stop Order and magtape facilities
  • Electronic/Internet Banking
  • ATM Banking
The following benefits are available:
  • A Gold Credit Card is automatically issued, with a limit of 1 month's gross salary
  • Cheques are guaranteed up to N$500.00
  • Residential Home Loans and Motor Vehicle financing (ISF) is available according to affordability
  • Overdrafts facilities are available
D10 000 Investment Cheque Account
This is an account for clients who wish to have excess funds/ surplus working capital immediately available, while earning above average credit interest.

The following features are available:
  • Cheque Book
  • Debit Card
  • Garage Debit Card
  • Debit order /Stop Order and magtape facilities
  • Electronic/Internet Banking
  • ATM Banking
The following benefits are available:
  • Funds are accessible either by cheque or electronically via ATM's or E-banking
  • Electronic transfers / payments can be done via E-banking or SST machine
  • Cheques are guaranteed up to N$1,000.00
  • A Gold Credit Card may be applied for, with a minimum limit N$15,000.00
VIP Cheque Account
This account is designed for the high net worth client - i.e. professional and successful individual, who earns a gross monthly salary of between N$25,000.00 - N$40,000.00

The following features are available:
  • Cheque Book
  • Debit Card
  • Garage Debit Card
  • Debit order /Stop Order and maptape facilities
  • Electronic/Internet Banking
  • ATM Banking
The following benefits are available:
  • A Gold Credit Card may be applied for, with a minimum limit N$15,000.00
  • Cheques are guaranteed up to N$2,000.00
  • Residential Home Loans are offered at prime less 1.5%, with a minimum loan of N$550,000.00
  • Installment Sales Financing is offered at prime less 1.00% with a minimum loan of N$300,000.00
  • Unsecured overdraft facilities of N$25,000.00 facilities are available
Nedbank Platinum Account
This is the TOP OF THE RANGE cheque account that Nedbank Namibia offers to clients who earn a monthly salary of N$40,000.00 and above.

The following features are available:
  • Cheque Book
  • Debit Card
  • Garage Debit Card
  • Debit order /Stop Order and magtape facilities
  • Electronic/Internet Banking
  • ATM Banking
The following benefits are available:
  • A Gold Credit Card may be applied for, with a minimum limit N$20,000.00
  • Cheques are guaranteed up to N$5,000.00
  • Residential Home Loans are offered at prime less 1.75%, with a minimum loan of N$1million
  • Installment Sales Financing is offered at prime less 1.50% with a minimum loan of N$400,000.00
  • Unsecured overdraft facilities of N$80,000.00 facilities are available
  • Free monthly subscription applies to Electronic/Internet Banking
  • A credit interest rate of 3.00% applies
Other Products Available
Fine fees are also being offered for Old Mutual Staff members on the following Nedbank Namibia Products:
  • Diamond Plus Current Account;
  • Credit- and Debit Cards;
  • Debit Garage Cards;
  • Savings- and Investment Products;
  • Digital Banking
Note: In all cases the bank's normal credit criteria apply.

Please contact your personal banker or relationship manager for more information, or visit your nearest branch.

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