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Home Business

FNB holds merchant, forex charges despite rising costs 

Khulekile Mhlanga by Khulekile Mhlanga
July 7, 2026
in Business
Reading Time: 2 mins read
0
FNB holds merchant, forex charges despite rising costs 

Executive Head of Commercial Banking Chantell Littler

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Mbabane– Businesses banking with FNB Eswatini will continue paying the same rates for merchant services and foreign currency transfers after the bank retained key business banking charges for the 2026/27 financial year.

The decision comes as businesses continue to face rising operating costs, with the bank saying stable banking charges would help ease some of the financial pressure on enterprises, particularly small and medium businesses.

FNB’s pricing, effective from July 1, leaves 62 per cent of its pricing lines unchanged across personal and business banking customers. The bank has also retained more than 100 free banking services.

Executive Head of Commercial Banking Chantell Littler said SMEs required affordable and convenient payment solutions to remain competitive.

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She said businesses using FNB Speedpoint devices would continue paying the same Merchant Services fees, allowing them to manage costs while focusing on expanding their operations.

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The bank is also continuing its support for entrepreneurs through the Entrepreneur of the Year Awards (EYA) 2026, which has entered its final stages. According to Littler, additional initiatives for SMEs will be introduced during the year.

Meanwhile, Foreign Currency Transfer charges have also been left unchanged.

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Executive Head of Corporate and Investment Banking Ncamiso Dlamini said businesses involved in international trade needed reliable banking partners as global markets continued to experience uncertainty.

In March, FNB hosted a Forex and Trade Solutions Seminar under the theme Beyond Volatility: Strategic Forex and Trade Solutions for a Fragmenting World. The seminar brought together regulators, economists, clients and industry leaders to discuss practical responses to developments affecting global trade.

Khulekile Mhlanga

Khulekile Mhlanga

Khulekile Mhlanga is an aspiring journalist currently interning at Independent News Eswatini, known for strong writing and editing skills. A student at Limkokwing University of Creative Technology, she is passionate about storytelling and dedicated to uncovering the truth in a fast-paced media environment. She is committed to ethical reporting and to building trust with both sources and audiences.

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