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Achiever account

Our Achiever cheque account is an account that redefines our customers’ banking freedom, offering them greater banking convenience and elevating them to the next level, while at the same time providing financial protection and peace of mind

What does it offer me?

  • EMV Silver Debit Card
  • Achiever Banking Bundle or Pay- As- You- Transact
  • Access to electronic services such as ATM and Point of Sale (POS)
  • Internet banking, Mobile banking, MyUpdates (SMS Alerts)
  • Cash and cheques may be deposited into your account either over the counter or at an ATM
  • Stop and debit orders
  • Investment and savings products
  • Financial planning and Insurance
  • Access to lending

 

What are the benefits of the Achiever Value Bundle?

For only N$99 per month, the following banking products and services are included in the Achiever Value Bundle:

  • Silver Debit Card: - to manage your daily transactions at Standard Bank ATMs and (POS) Point of Sale machines. Not only will your silver card set you apart from the crowd, but your card has an added security feature, and at the same will allow you to make online purchases
  • AchieverSave - an investment account offering you a better interest rate as well as additional bonus interest if the selected investment term is adhered to. With a minimum opening balance of N$50, you can select your preferred investment period between 12 months up to 60 months, with a minimum savings commitment of N$100. The longer you invest the better your interest and the good thing is that you are not charged any monthly fees on the account
  •  As a value add, you get funeral cover to the value of N$10,000*, physical impairment covers up to N$57,000* (3x gross monthly salary) and death cover up to N$57 000* (3x gross monthly salary)
  • Unlimited electronic transactions - including debit card purchases, inter-account transfers, electronic payments and much more using Internet Banking, Cellphone Banking, Mobile Banking and the Banking Tablet App. Also included are: ATM mini statements and balance enquiries at SBN ATMs, MyUpdates, alert e-mails, SMS payment confirmations (sent to the beneficiary), and 3 free ATM withdrawals
  • Smart Device Financing - you qualify for this exciting product which allows you to own a smart phone or laptop for a minimal monthly instalment
  • Furthermore, you also have access to lending through our Silver Maestro Credit Card, Personal Loans, Vehicle and Asset Finance, and Home Loans on application, as well as a range of insurance products and savings and investment products tailored to suit your needs

 

What are the benefits of the Pay As You Transact (PAYT) payment option?

It offers a Silver Debit Card with enhanced security features and the capability for online purchases. All transactions made on the account are charged on a Pay-As-You-Transact basis. While at the same time it also offers access to lending through our Silver Maestro Credit Card, Personal Loans, Smart Device Financing, Vehicle and Asset Financing and Home Loans on application, as well as a range of insurance products and savings and investment products tailored to suit their needs

Qualifying criteria

  • Gross income between N$ 7 000 - N$ 19 999 per month for salaried and self-employed individuals
  • Full time employees with a regular monthly salary that is paid into their Current Account
  • Clean credit and Bank records

How do I apply?

Visit your nearest Standard Bank branch or contact our
Customer Contact Centre on 081 9286. You can also visit our website at www.standardbank.com.na. or E-mail us at achiever.queries@standardbank.com.na

Loans

  • Personal Revolving Credit Plan
  • Silver Credit Card
  • Home Loans
  • Vehicle and Asset Finance
  • Student Loans
  • Smart device financing

Financial planning and Insurance

From car, home and life insurance to bespoke advice on fiduciary planning, trusts and wills, our Insurance and Wealth Advisory specialists will ensure that you and your assets are taken care of – expertly and professionally

Pricing

FAQ

1. What are the two main payment options for the Standard Bank Achiever Banking Account?

  • Pay-As-You-Transact (PAYT)
  • Achiever Banking Value Bundled

 

2. At only N$99 per month, what is included in the Achiever Banking Value Bundle?Silver Debit Card - to manage their daily transactions at our ATMs and Point Of Sale machines. Not only is the colour of the card a differentiation, but it now also has an EMV chip as an added security feature, and at the same time the card will allow our customers to make online purchases with their debit card.

AchieverSave - an investment account offering a better interest rate as well additional bonus interest if the investment term selected is adhered to. With an opening balance of N$50.00, the client selects the period that they would like to save for, starting at 12 months up to 60 months, with a minimum savings commitment of N$100. The longer you invest the better your interest and the good thing is that you are not charged any monthly fees on the account.

As a value add, you get funeral cover to the value of N$10 000*, physical impairment cover up to N$57 000* (3 x gross monthly salary) and death cover up to N$57 000*
(3 x gross monthly salary).

Unlimited electronic transactions - includes debit card purchases, inter- account transfers, electronic payments and much more using Internet Banking, Cellphone Banking, Mobile Banking and the SBN Tablet App. ATM mini statements and balance enquiries at SBN ATMs, MyUpdates, Alert e-mail, SMS payment confirmations (sent to the beneficiary), 3 free ATM withdrawals and 3 Blue Wallet vouchers  are also included. Please refer to the detailed Achiever Banking Value Bundle pricing for more information.

Smart Device Financing - previously this facility was only availed to income earners with a monthly net salary of N$10 000 per month - we have now availed it to the entire Achiever segment, provided they meet the qualifying criteria.
Our client also has access to lending through our Silver Maestro Credit card, RCP, VAF and HL on application, a range of insurance products as well as savings and investment products tailored to suit their needs.
 

3. What are the benefits of the PAYT Payment Option?                      
It offers a Silver Debit Card with the enhanced security features and the capability that allows for online purchases. However, all transactions made on the account are charged on a Pay-As-You-Transact basis. While at the same time it also offers access to lending through our Silver Maestro Credit Card, RCP, Smart Device financing, VAF and HL on application, a range of insurance products as well as savings and investment products tailored to suit their needs.
 

4. What aspects are excluded from the Achiever Banking Value Bundle Account?
Staff assisted transactions are not included in the Bundled payment option and will be charged on a Pay-As-You-Transact basis.

 

5. How much does a customer pay per month if he/she chooses the Achiever Banking Value Bundle Account?
Only N$99.00 per month which includes all the added value added extras outlined in Question 2.

 

6. What are the qualifying customer requirements when applying for the Standard Bank Achiever Account?
Customer must be a full-time employee with a regular monthly salary which is paid into their Current Account; A gross personal income from N$7 000 to N$19 999 as well as a clean credit and bank records.

 

7. What are the benefits of the PAYT Payment Option? 
It offers a Silver Debit Card with the enhanced security features and the capability that allows for online purchases.  However, all transactions made on the account are charged on a Pay-As-You-Transact basis. While at the same time it also offers access to lending through our Silver Maestro Credit Card, RCP, Smart Device financing, VAF and HL on application, a range of insurance products as well as savings and investment products tailored to suit their needs. 

 

8. When will the embedded cover in the Achiever Banking Value Bundle be effective?  
Provided this is the salaried account, which is active, account fees have been effected the cover will be effective. However in the event of a suicide, the account should have been active for 12 months and it is up to date with account fees.   


 9. In which instances does physical impairment cover apply?  
The following conditions qualify for a benefit payout:- permanent loss of sight in both eyes, permanent loss of hearing in both ears, permanent loss of speech, loss of or loss of use of two limbs, major burns, inability to perform at least 4 out of 6 Activities of Daily Living (ADLs).

 

10. In which instances does death cover occur?  
On death due to any cause a lump sum benefit equal to 3 x  their monthly salary (up to a maximum of N$57 000) at date of death will be paid. However, note that there is a waiting period for suicide cover, which requires that the salaried account to have been active for 12 months.
 

11. In which instances does funeral cover occur?  
On death due to any cause a lump sum benefit equal to N$10,000 will be paid. However, note that there is a waiting period for suicide cover, which requires that the salaried account to have been active for 12 months.
 

12. Which conditions are applicable to the physical impairment benefit?  
The following conditions qualify for a benefit payout: permanent loss of sight in both eyes, permanent loss of hearing in both ears, permanent loss of speech, loss of or loss of use of two limbs, major burns, inability to perform at least 4 out of 6 Activities of Daily Living (ADLs).
 

13. What is the cover cease age for the respective embedded cover?  
The cease age for the respective embedded cover is as follows:- Death (including Funeral) is 75 years old, while Physical Impairment is 65 years old.

 
14. Who does the policy cover?  
This policy covers only the main accountholder.  Should the accountholder require cover for other family members this is available from Standard Bank Namibia Insurance Brokers. 
 


15. Can I claim more than once for the physical impairment benefit?  
Once a valid claim is paid, the physical impairment benefit ends, and no further claims for the Physical Impairment benefit are payable.
 


16. Can I claim for the funeral and death benefit once I have claimed for the physical impairment benefit?  
The physical impairment benefit does not accelerate the death benefit i.e. the life assured can still claim for their death benefit after a physical impairment has been paid.
 


17. Will the client automatically get an Achiever Save once they select the Achiever Value Bundle as the preferred payment option?
Yes, the client will get an Achiever Save account as it is part of the Achiever Value Banking Bundle offering.  During the Achiever Save account opening process (which is the Bonus Plus offering) the client would then select their preferred term and monthly commitment amount.  Please note that should the client not prefer a savings account linked to their Achiever account, then the best option would be to select the PAYT option which does not have an Achiever save as part of the offering.

 

18. Who do I contact for more information?
Contact your Achiever champion for more information or clarifications.
Customers should call  0819286 for more information (select the Achiever Banking option), visit the Standard Bank website, send an e-mail to achieverbanking@standardbank.com.na or visit your nearest branch.



 


 
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