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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 ZWL170 ZWL120 ZWL45 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 ZWL1500 ZWL500 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
IMPORT AND EXPORT DOCUMENTATION
EXPORTER REGISTRATION ZWL500 PRIOR EXCON APPLICATION ZWL500 DOCUMENTARY COLLECTION ZWL1500
PRE STAMPED AUTHORITY ZWL500 FORM CD1 ZWL300 CAPITAL ACCOUNT TRANSACTION ZWL2000
IMPORTER REGISTRATION ZWL500 BULK FORM CD1 ZWL1000 CD3 ADMINISTRATION FEE ZWL300
TELEGRAPHIC TRANSFERS
OUTGOING TELEGRAPHIC TRANSFER 0.5%; Min USD30; Max USD350 EXCON BATCH FEE ZWL50
FOREIGN BANK CHARGE 1%; Min USD50; Max USD150 PAYMENT CANCELLATION/AMENDMENT ZWL200
LETTERS OF CREDIT
ESTABLISHMENT FEE 0.75% flat USD DOCUMENT NEGOTIATION 0.5%
CONFIRMATION FEE 0.5% pro rata USD DOCUMENT COLLECTION ZWL1500
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 ZWL170 ZWL120 ZWL45 ZWL40
(Below Min Balance)
USD15 ZWL1500 ZWL500 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 ZWL1000
1%; Min ZWL75
Max ZWL1000
1%; Min ZWL75
Max ZWL1000
1%; Min ZWL75
Max ZWL1000
USD3 1%; Min ZWL75
Max ZWL1000
1%; Min ZWL75
Max ZWL1000
1%; Min ZWL75
Max ZWL1000
MERCHANT POS
MONTHLY CHARGE 1%; Min ZWL1000 (KaGwenya) and Min ZWL1300 (Standard POS)
EVENTS POS HIRE 1%; Min ZWL1500 per hire
SEASONAL POS HIRE 1%; Min ZWL1500 per month
OTHER CHARGES
RTGS

INTERNET BANKING

 

 

Individual:  2%; Min ZWL50; Max ZWL500 ACCOUNT STATEMENT / BALANCE ENQUIRY MOBILE BANKING: ZWL15 INTERNET BANKING: ZWL15
Corporate:  2%; Min ZWL250; Max ZWL1000 BILL PAYMENTS 1.5%; Min ZWL15 Max ZWL1500 INTERNET BANKING 1.5%; Min ZWL15
Max ZWL1500
ZIPIT TO OTHER BANKS MOBILE BANKING 2%; Min ZWL50 Max ZWL300 POS INSUFFICIENT FUNDS ZWL10 ZIMSWITCH INSUFFICIENT FUNDS ZWL10 PLUS ZIMSWITCH FEE
DEBIT, PREFUNDED AND CREDIT CARDS
CARD ISSUANCE ACCESS CARD ZWL300 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 ZWL10; Max ZWL300 CARD REPLACEMENT ZWL500 ECOCASH BANK TO WALLET TRANSFERS 2.5%; MIN ZWL20, MAX ZWL200
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