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Business Conditions

Terms and Conditions

Download the business Conditions here

 

PERSONAL ACCOUNTS
PRODUCT NOSTRO FCA CURRENT ACCOUNT – PREMIUM CURRENT ACCOUNT – BASIC NMBLITE ACCOUNT SAVINGS ACCOUNT FIXED/TERM DEPOSIT
MINIMUM ACCOUNT BALANCE USD10 ZWL300 ZWL150 ZWL150 ZWL500 ZWL10,000
WITHDRAWAL CONDITIONS On Demand On Demand On Demand On Demand On Demand On Maturity
PERSONAL LOANS & OVERDRAFTS
TENOR 3-24 MONTHS MINIMUM LENDING RATE p.a plus a margin ARRANGEMENT FEES UP TO 8% INSURANCE 1% p.a
MORTGAGE LOANS
TENOR UP TO 3 YEARS ESTABLISHMENT FEES 3% VALUATION FEES 1% INTEREST RATES UP TO 65% p.a DEPOSIT 25% OF PURCHASE PRICE ANNUAL MAINTENANCE FEE 1% OF LOAN AMOUNT
BUSINESS ACCOUNTS
PRODUCT BUSINESS NOSTRO FCA BUSINESS CURRENT ACCOUNT SME CURRENT ACCOUNT INVESTMENT/CALL ACCOUNT FIXED/TERM DEPOSIT
MINIMUM ACCOUNT BALANCE USD25 ZWL2,000 ZWL750 ZWL10,000 ZWL10,000
WITHDRAWAL CONDITIONS On Demand On Demand On Demand On Demand On Maturity
BUSINESS FINANCE
LOANS/OVERDRAFTS Minimum lending rate p.a. plus a margin Penalty interest rate – Lending Rate plus 8% p.a.
ACCEPTANCE CREDITS/BAS Commission up to 2.5% plus Market Discount Rate Establishment fees up to 5% Guarantee Commissions: 2% quarterly
INTERNATIONAL BANKING CHARGES
EXCHANGE CONTROL DOCUMENTATION
EXPORTER REGISTRATION ZWL500 PRIOR EXCON APPLICATION ZWL1,000 DOCUMENTARY COLLECTION USD150
FORM CD1 ZWL500 CAPITAL ACCOUNT TRANSACTION ZWL2,500
IMPORTER REGISTRATION ZWL1,000 BULK FORM CD1 ZWL1,000 CD3 ADMINISTRATION FEE ZWL500
TELEGRAPHIC TRANSFERS
OUTGOING TELEGRAPHIC TRANSFER 0.5%; Min USD30; Max USD350 HANDLING FEES USD5
FOREIGN BANK CHARGE 1%; Min USD50; Max USD150 PAYMENT CANCELLATION/AMENDMENT USD20
LETTERS OF CREDIT
ESTABLISHMENT FEE 0.75% flat USD DOCUMENT COLLECTION USD150

 

ACCOUNT SERVICE CHARGES
PERSONAL NOSTRO
FCA
PERSONAL CURRENT
ACCOUNT PREMIUM
PERSONAL CURRENT
ACCOUNT BASIC
NMBLITE ACCOUNT PERSONAL SAVINGS
ACCOUNT
BUSINESS NOSTRO
FCA
BUSINESS CURRENT
ACCOUNT
SME CURRENT
ACCOUNT
BUSINESS SAVINGS
ACCOUNT
MONTHLY SERVICE FEES USD5 ZWL300 ZWL150 ZWL150 ZWL100
(Below Min Balance)
USD15 ZWL2,000 ZWL750 ZWL500
(Below Min Balance)
CASH WITHDRAWAL FEE 2%; Min USD5 3%; Min ZWL35 3%; Min ZWL35 3%; Min ZWL35 3%; Min ZWL35 2%; Min USD5 3%; Min ZWL50 3%; Min ZWL50 3%; Min ZWL50
ATM CASH WITHDRAWAL N/A 3%; Min ZWL35 3%; Min ZWL35 3%; Min ZWL35 3%; Min ZWL35 N/A N/A N/A N/A
INTER ACCOUNT TRANSFERS USD3 1%; Min ZWL75
Max ZWL1,000
1%; Min ZWL75
Max ZWL1,000
1%; Min ZWL75
Max ZWL1,000
1%; Min ZWL75
Max ZWL1,000
USD3 1%; Min ZWL75
Max ZWL1,000
1%; Min ZWL75
Max ZWL1,000
1%; Min ZWL75
Max ZWL1,000
RTGS MANUAL 1%; Min USD5
Max USD10
1%; Min ZWL200
Max ZWL2,000
1%; Min ZWL200
Max ZWL2,000
1%; Min ZWL200
Max ZWL2,000
1%; Min ZWL200
Max ZWL2,000
1%; Min USD5
Max USD10
1%; Min ZWL200
Max ZWL2,000
1%; Min ZWL200
Max ZWL2,000
1%; Min ZWL200
Max ZWL2,000
MERCHANT POS
MONTHLY CHARGE 1%; Min ZWL1,000 (KaGwenya) and Min ZWL1,300 (Standard POS)
EVENTS POS HIRE 1%; Min ZWL1,500 per hire
SEASONAL POS HIRE 1%; Min ZWL1,500 per month
IDLE POS ZWL2,000
OTHER CHARGES
RTGS

INTERNET / MOBILE BANKING

 

 

Individual: 2%; Min ZWL200
Max ZWL1,500
Nostro: 1%; Min USD4 Max USD8 ACCOUNT STATEMENT / BALANCE ENQUIRY INTERNET / MOBILE BANKING: ZWL15 Nostro: USD0.12
Corporate: 2%; Min ZWL200
Max ZWL1,500
Nostro: 1.5%; Min USD5 Max USD20 BILL PAYMENTS INTERNET / MOBILE BANKING: 2.5%; Min ZWL50
Max ZWL1,500
Nostro USD0.50 (DSTV USD2.50)
ZIPIT TO OTHER BANKS MOBILE BANKING: 2%; Min ZWL100 Nostro: 1%; Min USD2 Max USD4 ECOCASH BANK TO WALLET TRANSFERS: 2.5%; MIN ZWL50 POS INSUFFICIENT FUNDS ZWL10 ZIMSWITCH INSUFFICIENT FUNDS ZWL10 PLUS ZIMSWITCH FEE SALARY BULK PAYMENTS ZWL100 per record
DEBIT, PREFUNDED AND CREDIT CARDS
CARD ISSUANCE ACCESS CARD (CPA) ZWL500 TAP CARD ZWL100 VISA CLASSIC EQUIVALENT TO USD10 VISA GOLD  EQUIVALENT TO USD12
VISA PLATINUM EQUIVALENT TO USD15 POS PURCHASES (LESS THAN ZWL100) ZWL5; (ABOVE ZWL100) 1%; Min ZWL25; Max ZWL500 VISA INFINITY USD30 VISA SIGNATURE USD30
CARD REPLACEMENT ZWL500
PREFUNDED CARDS ISSUANCE VISA CLASSIC PREFUNDED USD10 VISA GOLD PREFUNDED USD12 VISA PLATINUM PREFUNDED USD15
VISA PURCHASES POS AND ONLINE 2%; PLUS USD2.50 DECLINED TRANSACTION USD1
VISA WITHDRAWALS BRANCH CASH WITHDRAWAL 2%; PLUS USD3.50 ATM WITHDRAWAL 2%; PLUS USD3.50