ATMs in Namibia have higher limits than those in other countries. The average limit for an ATM in Namibia is about N$10,000, although some banks may have higher limits. One advantage of having a high limit on an ATM is that it can help you avoid fees. If you need to withdraw a large amount of money, you can do it all at once instead of making multiple withdrawals. This can save you money on fees, as well as time.
Another advantage of having a high limit on your ATM is that it can help you in an emergency. If you need a large amount of cash quickly, you can get it from an ATM without having to go through a bank. This can be a lifesaver in a pinch.
The main downside of having a high limit on your ATM is that it can be dangerous. If your card is lost or stolen, the thief can easily withdraw a large amount of money. This can leave you in a difficult financial situation.
Overall, having a high limit on your ATM can be a good thing or a bad thing, depending on the situation. If you are careful with your card and don’t let it out of your sight, a high limit can be a great asset. However, if you aren’t careful, a high limit can be a liability.