This notice serves to inform all customers that the banking industry agreed to reduce the limit for cheque payments in Namibia from N$500,000 to N$100,000 by 31 January 2016, and the total elimination of cheque usage by 31 December 2017. Kindly be reminded that the last day for depositing cheques in excess of N$100,000 will be 15 January 2016, and any cheque made after 21 January 2016 will not be handled on a collection basis. Splitting of payment in excess is prohibited and against industry regulations
For further clarification kindly contact us at Payments Department: 299 7305 and 299 7239
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