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Basics of Banking

Banking is more than just making transactions or paying and purchasing of goods and services. It is a process which requires one to be thorough and familiarise themselves with basics such as bank statements, fees, stop orders etc.

Customers should make it a habit to scrutinise and understand their bank statements when they receive them on a monthly basis. Bank statements are usually sent at the end of the month outlining crucial information such as service fees, cash deposit fees, cash handling fees, monthly account fees, transfers, as well as the opening and closing balance.

First National Bank Botswana (FNBB), being a financial institution that embraces digitisation and is constantly advancing with time, made it a point to relay bank statements via e-mail, on the website as well as on the FNB App.

Editor's Comment
The Boko-led administration has to tread carefully

‘When you make peace withyourself, you make peace with the world’- Maha GhosanandaThis may come at a huge cost if not handled properly. What started off on Labour Day in Letlhakane this year, where Boko was in attendance when the militant lawyer-cum-trade unionist, Robert Rabasimane rebutted the President’s address in defence of the trade union has seemingly spiralled out of control. The issue is now creating a cat-and-mouse type of a...

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