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Business Conditions

Terms and Conditions

Download the business Conditions here

 

PERSONAL ACCOUNTS
PRODUCT NOSTRO-LITE/CIVIL SERVANTS NOSTRO NOSTRO FCA EXCELLENCE NOSTRO CURRENT ACCOUNT – PREMIUM CURRENT ACCOUNT – BASIC CIVIL SERVANTS – CURRENT ACCOUNT EXCELLENCE NMBLITE ACCOUNT SAVINGS ACCOUNT FIXED/TERM DEPOSIT
INITIAL DEPOSIT USD 10 USD 20 USD 50 ZWL 6,000 ZWL 3,000 ZWL 2,000 ZWL 10,000 ZWL 2,000 ZWL 10,000 ZWL 300,000
MINIMUM ACCOUNT BALANCE USD 5 USD 15 USD 50 ZWL 3,000 ZWL 1,500 ZWL 1,000 ZWL 5,000 ZWL 1,000 ZWL 5,000 ZWL 300,000
WITHDRAWAL CONDITIONS On Demand On Demand On Demand On Demand 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%; Min ZWL 7,500 Insurance 1% Min p.a; 2% Max p.a
MORTGAGE LOANS
TENOR UP TO 3 YEARS ESTABLISHMENT FEES 3% VALUATION FEES 1% INTEREST RATES UP TO 80% p.a DEPOSIT 25% OF PURCHASE PRICE ANNUAL MAINTENANCE 1% OF LOAN AMOUNT
BUSINESS ACCOUNTS
PRODUCT BUSINESS NOSTRO FCA BUSINESS CURRENT ACCOUNT SME NOSTRO FCA SME CURRENT ACCOUNT INVESTMENT/CALL ACCOUNT FIXED/TERM DEPOSIT
INITIAL DEPOSIT USD 100 ZWL 20,000 USD 100 ZWL 10,000 ZWL 10,000 ZWL 500,000
MINIMUM ACCOUNT BALANCE USD 100 ZWL 15,000 USD 100 ZWL 6,000 ZWL 10,000 ZWL 500,000
WITHDRAWAL CONDITIONS On Demand 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
TELEGRAPHIC TRANSFERS
OUTGOING TELEGRAPHIC TRANSFER 0.5%; Min USD 30; Max USD 350 HANDLING FEE USD 5
FOREIGN BANK CHARGE 1%; Min USD 50; Max USD 150 PAYMENT CANCELLATION/AMENDMENT USD 20
LETTERS OF CREDIT
ESTABLISHMENT FEE 0.75% flat USD DOCUMENT COLLECTION USD 150
ACCOUNT SERVICE CHARGES
NOSTRO-LITE/CIVIL SERVANTS NOSTRO PERSONAL NOSTRO
FCA
EXCELLENCE NOSTRO PERSONAL CURRENT
ACCOUNT PREMIUM
PERSONAL CURRENT
ACCOUNT BASIC
CIVIL SERVANTS CURRENT ACCOUNT EXCELLENCE FARMERS NMBLITE ACCOUNT PERSONAL SAVINGS
ACCOUNT
BUSINESS NOSTRO
FCA
SME CURRENT
NOSTRO
BUSINESS CURRENT
ACCOUNT
SME CURRENT
ACCOUNT
BUSINESS SAVINGS
ACCOUNT
MONTHLY SERVICE FEES USD 1.50 USD 5 USD 15 ZWL 1,000 ZWL 500 ZWL 500 ZWL 3,000 ZWL 300 ZWL 300 ZWL 300
(Below Min Balance)
USD 30 USD 30 ZWL 2,000 ZWL 5,000 ZWL 500
(Below Min Balance)
CASH WITHDRAWAL FEE 2%; Min USD 3 2%; Min USD 5 2%; Min USD 5 3%; Min ZWL 150 3%; Min ZWL 150 3%; Min ZWL 150 3%; Min ZWL 150 3%; Min ZWL 150 3%; Min ZWL 150 3%; Min ZWL 150 2%; Min USD 10 2%; Min USD 10 3%; Min ZWL 300 3%; Min ZWL 300 3%; Min ZWL 300
ATM CASH WITHDRAWAL 2%; Min USD 2 2%; Min USD 2 2%; Min USD 2 3%; Min ZWL 100 3%; Min ZWL 100 3%; Min ZWL 100 3%; Min ZWL 100 3%; Min ZWL 100 3%; Min ZWL 100 3%; Min ZWL 100 N/A N/A N/A N/A N/A
INTER ACCOUNT TRANSFERS USD 3 USD 3 USD 3 1%; Min ZWL 200;
Max ZWL 2,000
1%; Min ZWL 200;
Max ZWL 2,000
1%; Min ZWL 200;
Max ZWL 2,000
1%; Min ZWL 200;
Max ZWL 2,000
1%; Min ZWL 200;
Max ZWL 2,000
1%; Min ZWL 200;
Max ZWL 2,000
1%; Min ZWL 200;
Max ZWL 2,000
USD 3 USD 3 1%; Min ZWL 200;
Max ZWL 2,000
1%; Min ZWL 200;
Max ZWL 2,000
1%; Min ZWL 200;
Max ZWL 2,000
RTGS MANUAL 1%; Min USD 5;
Max USD 10
1%; Min USD 5;
Max USD 10
1%; Min USD 5;
Max USD 10
1%; Min ZWL 500;
Max ZWL 5,000
1%; Min ZWL 500;
Max ZWL 5,000
1%; Min ZWL 500;
Max ZWL 5,000
1%; Min ZWL 500;
Max ZWL 5,000
1%; Min ZWL 500;
Max ZWL 5,000
1%; Min ZWL 500;
Max ZWL 5,000
1%; Min ZWL 500;
Max ZWL 5,000
1%; Min USD 5;
Max USD 10
1%; Min USD 5;
Max USD 10
1%; Min ZWL 500;
Max ZWL 5,000
1%; Min ZWL 500;
Max ZWL 5,000
1%; Min ZWL 500;
Max ZWL 5,000
MERCHANT POS
MONTHLY CHARGES 1%; Min ZWL 2,000 (KaGwenya) and Min ZWL 3,000 (Standard POS)
EVENTS POS HIRE 1%; Min ZWL 10,000 per hire
SEASONAL POS HIRE 1%; Min ZWL 4,000 per month
IDLE POS ZWL 5,000
DEBIT, PREFUNDED AND CREDIT CARDS
CARD ISSUANCE ACCESS CARD (CPA) ZWL 750 TAP CARD ZWL 500 VISA CLASSIC USD 5 VISA GOLD USD 5 VISA PLATINUM USD 15 VISA SIGNATURE USD 30
VISA INFINITY USD 30 POS PURCHASES (LESS THAN ZWL 500) ZWL 10; (ABOVE ZWL 500) 1%; MIN ZWL 40; MAX ZWL 500 ZIMSWITCH PURCHASE 1%; MIN ZWL 40; MAX ZWL 500 PLUS ZIMSWITCH FEE
CARD REPLACEMENT ZWL 750 ECOCASH BANK TO WALLET TRANSFERS 2.5%; MIN ZWL 100 ZIMSWITCH INSUFFICIENT FUNDS ZWL 10 PLUS ZIMSWITCH FEE
OTHER CHARGES
RTGS MOBILE BANKING Individual 2%; Min Max ZWL 4,000 Nostro 1%; USD 4 Max USD 8 MINI STATEMENT
/BALANCE ENQUIRY
MOBILE BANKING: ZWL 30

INTERNET: ZWL 50

NOSTRO : USD 0.12
INTERNET Corporate 2%; Min ZWL 1,000 Max ZWL 5,000</td BILL
PAYMENTS
INTERNET
/MOBILE BANKING
2.5%; Min ZWL 100 Max ZWL 2,500 NOSTRO USD 0.50
ZIPIT TO OTHER BANKS MOBILE BANKING: 2%; Min ZWL 100 NOSTRO: 1%; Min USD 2; Max USD 4 ECOCASH BANK TO WALLET TRANSFERS:
2.5%; MIN ZWL 100
ZIMSWITCH PURCHASE
1% Min ZWL 40, Max ZWL 500 plus ZIMSWITCH FEE
SALARY BULK PAYMENTS RTGS ZWL 300 per record
ZIMSWITCH INSUFFICIENT FUNDS
ZWL 10 plus ZIMSWITCH FEE
NOSTRO USD 3 per record