Products

PROPOSED BUSINESS CONDITIONS NOVEMBER 2023 SAVINGS ZWL

Account Type

Working Woman

Personal Savings

Pensioners

Account

Micro Farming Savings**

Micro Enterprise Savings**

SME Savings

Group/Association/

Society**

Fixed Deposit

(Contractual Savings)

Minimum Balance

ZWL 5700

ZWL 28 700

ZWL 287 000

Account Opening Deposit

ZWL

28 700

ZWL 28 700

ZWL

28 700

ZWL

28 700

ZWL

28 700

ZWL 287 000

Account Closure

ZWL 5700

ZWL 11 500

N/A

Transaction Type

Working Woman

Personal Savings

Pensioners

Account

Micro Farming Savings

Micro Enterprise

Savings

SME Savings

Group/Association/

Society

Fixed Deposit

(Contractual Savings)

Cash Deposit Fee

Nil

Cash Withdrawal Fees-Slips

3% Min ZWL 5700

No Max

3% Min ZWL 5700

No Max

3% Min ZWL 5700

No Max

3% Min ZWL 5700

No Max

3% Min ZWL 5700

No Max

3% Min ZWL 5700

No Max

Free

Cash Withdrawal Fees-POS

2.5% Min ZWL 2900

Max ZWL 2000

2.5% Min ZWL 2900

Max ZWL 2000

2.5% Min ZWL 2900

Max ZWL 2000

2.5% Min ZWL 2900

Max ZWL 2000

2.5% Min ZWL 2900

Max ZWL 2900

2.5% Min ZWL 2900

Max ZWL 2900

N/A

Statement Request-Branch

ZWL 2900 per

page

ZWL 2900 per page

ZWL2900 per

page

ZWL 2900 per page

ZWL 2900 per

page

free

RTGS*(Above ZW$500 subject to 2% IMT Tax)

2% Min ZWL

11 500

Max ZWL 114800

2% Min ZWL

11 500

Max ZWL 114800

2% Min ZWL

11 500

Max ZWL

114800

2% Min ZWL

11 500

Max ZWL 114800

2% Min

ZWL 11 500

Max ZWL 114800

2% Min ZWL

11 500

Max ZWL

114800

Internal Transfer*

(Above ZW$300 subject to 2% IMT Tax)

1% Min ZWL 5700

Max ZWL 57400

1% Min ZWL 5700

Max ZWL 57400

1% Min ZWL 5700 Max ZWL 57400

1% Min ZWL 5700

Max ZWL 57400

1% Min ZWL 5700

Max ZWL 57400

1% Min ZWL 5700

Max ZWL 57400

N/A

Credit Interest

30% per annum

50% per annum

Balance Enquiry

ZWL 1700

Withholding Tax on Credit Interest

15%

Monthly Service Fess

ZWL 2900

ZWL 11 500

ZWL 5700

Nil

BUSINESS CONDITIONS AUGUST 2023: ZIMSWITCH POS TRANSACTION FEES

Transaction Type

ZW$

Balance Enquiry

ZWL 600

Mini Statement

ZWL 600

POS Purchase

Transactions of ZW$1000 and below 2.5% min USD 0.10

Transactions of ZW$1000.01 and above 2.5% min ZWL 1700 + 2 % IMT Tax

POS Purchase with Cash Back

2.5 % min ZWL 600 2% IMT tax Above ZWL 1,000.01

POS Cash Back Limit

ZW$15,000 per week

ZW$60,000 per month

ZIMSWITCH ATM Cash Withdrawal

3.5 % of the amount ZWL 600

3.5 % of the amount ZWL 600 plus 2 % tax above

Balance Inquiry on Insufficient funds

ZWL 600

POS Purchase Limit

ZW$ 2,500,000 per day

POS Transaction Limit

Per week ZW$5 000 000

POS Payment Amount Limit

ZW$ 2,500,000/transaction

BUSINESS CONDITIONS NOVEMBER 2023 FOREIGN CURRENCY ACCOUNTS

Account Type	Working Woman Personal Savings	Pensioners Account	Micro Farming Savings**	Micro Enterprise Savings**	SME Savings	Group/Association/ Society**	Fixed Deposit (Contractual Savings)
Minimum Balance	USD1.00	USD1.00	USD1.00	USD1.00	USD 20.00	USD 5.00	USD 50.00
Account Opening Deposit	USD 5.00	USD 5.00	USD 5.00	USD 5.00	USD20.00	USD 5.00	USD 50.00
Account Closure	USD1.00	USD1.00	USD1.00	USD1.00	USD2.00	USD2.00	N/A

Transaction Type

Working Woman

Personal Savings

Pensioners

Account

Micro Farming Savings

Micro Enterprise

Savings

SME Savings

Group/Association/

Society

Fixed Deposit

(Contractual Savings)

Cash Deposit Fee

Nil

Cash Withdrawal Fees-Slips

3% Min

USD1.00

No Max

3% Min USD1.00

No Max

3% Min

USD 1.00

No Max

3% Min

USD1.00

No Max

3% Min

USD 1.00

No Max

3% Min

USD 1.00

No Max

Free

Cash Withdrawal Fees-POS

2.5%

Min $USD 0.50

No Max

2.5%

Min $USD 0.50

No Max

2.5%

Min $USD 0.50

No Max

2.5%

Min $USD 0.50

No Max

2.5%

Min $USD 0.50

No Max

2.5%

Min $USD 0.50

No Max

N/A

Statement Request-Branch

USD 0.50 per page

USD0.50 per page

USD 0.50 per page

Free

RTGS*(Above USD10 subject to 2% IMT Tax)

2% Min USD 2.00

Max USD 20.00

2% Min USD 2.00

Max USD 20.00

2% Min USD 2.00

Max USD 20.00

2% Min USD 2.00

Max USD 20.00

2% Min USD 2.00

Max USD 50.00

2% Min USD 2.00

Max USD 20.00

Internal Transfer*

(Above US$10 Subject to 2% IMT Tax)

Min USD 1.00

Max USD 10.00

Min USD 1.00

Max USD 10.00

Min USD 1.00

Max USD 10.00

Min USD 1.00

Max USD 10.00

Min USD 1.00

Max USD 50.00

Min USD 1.00

Max USD 10.00

N/A

Credit Interest

1% per annum

2.5% per annum

Balance Enquiry

USD 0.30

N/A

Withholding Tax on Credit Interest

15%

Monthly Service Fess

USD 0.50

USD 2.00

USD 1.00

N/A

BUSINESS CONDITIONS AUGUST 2023: ZIMSWITCH POS TRANSACTION FEES FOREIGN CURRENCY ACCOUNTS

Transaction Type

USD$

Balance Enquiry

USD 0.10

Mini Statement

USD 0.10

POS Purchase

Transactions of USD$10 and below 2.5% min USD 0.10

Transactions of USD10.01 and above 2.5% min USD 0.30 + 2 % IMT Tax

POS Purchase with Cash Back

2.5 % min USD0.10 plus 2% IMT tax Above USD 10.01

POS Cash Back Limit

USD100.00 per week

USD300.00 per month

ZIMSWITCH ATM Cash Withdrawal

Transactions below US$10.00 3.5 % of the amount Min USD0.10

Transactions above US$10.01 3.5 % of the amount USD 0.10, plus 2 % tax above

Balance Inquiry on Insufficient funds

USD 0.10

POS Purchase Limit

USD200,00 per day

POS Transaction Limit

Per week USD500

POS Payment Amount Limit

USD100,00/transaction

BUSINESS CONDITIONS FOR USD LOANS – AUGUST 2023

Loan Type

Product

Amount (US$)

Maximum Loan Term

Interest Rate

Administration Fees

Insurance

Savings/Deposit Requirement (**negotiable)

Micro leasing Asset Finance Loan

UMALF

Min -$10

Max-$ 50,000

12 months

10% per month, straight-line

10% up-front, once off

20% of loan amount required**

Group Micro leasing Asset Finance Loan

UGMALF

Min -$10

Max-$ 50,000

12 months

10% per month, straight-line

10% up-front, once off

20% of loan amount required**

Micro-enterprise Bus. Loan

MEBLUS

Min-$10

Max-$50,000

9 months

10% per month, straight-line

10% up-front, once off

Nil

Joint Group Liability Loan

JLGLUS

Min-$10

Max-$50,000

9 months

10% per month, straight-line

10% up-front, once off

Nil

Micro Farming Loan

USDVCL

Min-$10

Max-$50,000

9 months

10% per month, straight-line

10% up-front, once off

Nil

SME Loan

USSMEL

Min-$100

Max- $100,000

1-12 months

10% per month, straight-line

10% up-front, once off

Nil

Civil Servants SSB Loans

USSSBL

Min- $10

Max- $10,000

1 – 24 months

8% per month, straight-line

5% up-front once off

Nil

Pensioners Loan

ZIMPET

USPENL

USGPNL

Min- $10

Max-$10,000

Min- $10

Max-$10,000

1 – 24 months

8% per month, straight-line

5% up-front once off

Nil

Corporate Lending

USCPRL

Min- $10

Max-$15,000

1 – 12 months

10% per month, straight-line

10% up-front, once-off

Nil

Consumer Loan

USCONL

Min- $10

Max-$10,000

1 – 12 months

10% per month, straight-line

10% up-front, once-off

Nil

Individual Micro Vendor Loan

Group Micro Vendor Loan

IMVLG

IMVLG2

Min-$10

Max-$10,000

Min-$10

Max-$20,000

1-2 months

10% per month, straight-line

10% up-front, once-off

10% per month, straight-line

Nil

Individual Bakery Loan

Group Bakery Loan

UMICBL

GBL01

Min-$10

Max-$50,000

Min-$10

Max-$50,000

1 – 6 months

10% per month, straight-line

10% up-front, once-off

Nil

Sunking Solar lights Home 60

Sunking Solar lights Home 120

USLH60

SLH120

Min-$10

Max-$5,000

Min-$10

Max-$10,000

1 – 6 months

10% per month, straight-line

10% up-front, once-off

Nil

Foliar Fertilizer

USDFFL

Min-$10

Max-$5,000

1 – 6 months

10% per month, straight-line

10% up-front, once-off

Nil

Individual Starter Pack Loan

Group Starter Pack Loan

USISPL

USGSPL

Min-$10

Max-$10,000

Min-$10

Max-$20,000

1 – 6 months

10% per month, straight-line

10% up-front, once-off

Nil

PROPOSED BUSINESS CONDITIONS AUGUST 2023 SAVINGS

Loans

PROPOSED BUSINESS CONDITIONS AUGUST 2023 SAVINGS

Account Type

Working Woman

Personal Savings

Pensioners

Account

Micro Farming Savings**

Micro Enterprise Savings**

SME Savings

Group/Association/

Society**

Fixed Deposit

(Contractual Savings)

Minimum Balance

ZWL 5700

ZWL 28 700

ZWL 287 000

Account Opening Deposit

ZWL

28 700

ZWL 28 700

ZWL

28 700

ZWL

28 700

ZWL

28 700

ZWL 287 000

Account Closure

ZWL 5700

ZWL 11 500

N/A

Transaction Type

Working Woman

Personal Savings

Pensioners

Account

Micro Farming Savings

Micro Enterprise

Savings

SME Savings

Group/Association/

Society

Fixed Deposit

(Contractual Savings)

Cash Deposit Fee

Nil

Cash Withdrawal Fees-Slips

3% Min ZWL 5700

No Max

3% Min ZWL 5700

No Max

3% Min ZWL 5700

No Max

3% Min ZWL 5700

No Max

3% Min ZWL 5700

No Max

3% Min ZWL 5700

No Max

Free

Cash Withdrawal Fees-POS

2.5% Min ZWL 2900

Max ZWL 2000

2.5% Min ZWL 2900

Max ZWL 2000

2.5% Min ZWL 2900

Max ZWL 2000

2.5% Min ZWL 2900

Max ZWL 2000

2.5% Min ZWL 2900

Max ZWL 2900

2.5% Min ZWL 2900

Max ZWL 2900

N/A

Statement Request-Branch

ZWL 2900 per

page

ZWL 2900 per page

ZWL2900 per

page

ZWL 2900 per page

ZWL 2900 per

page

free

RTGS*(Above ZW$500 subject to 2% IMT Tax)

2% Min ZWL

11 500

Max ZWL 114800

2% Min ZWL

11 500

Max ZWL 114800

2% Min ZWL

11 500

Max ZWL

114800

2% Min ZWL

11 500

Max ZWL 114800

2% Min

ZWL 11 500

Max ZWL 114800

2% Min ZWL

11 500

Max ZWL

114800

Internal Transfer*

(Above ZW$300 subject to 2% IMT Tax)

1% Min ZWL 5700

Max ZWL 57400

1% Min ZWL 5700

Max ZWL 57400

1% Min ZWL 5700 Max ZWL 57400

1% Min ZWL 5700

Max ZWL 57400

1% Min ZWL 5700

Max ZWL 57400

1% Min ZWL 5700

Max ZWL 57400

N/A

Credit Interest

30% per annum

50% per annum

Balance Enquiry

ZWL 1700

Withholding Tax on Credit Interest

15%

Monthly Service Fess

ZWL 2900

ZWL 11 500

ZWL 5700

Nil

BUSINESS CONDITIONS AUGUST 2023: ZIMSWITCH POS TRANSACTION FEES

Transaction Type

ZW$

Balance Enquiry

ZWL 600

Mini Statement

ZWL 600

POS Purchase

Transactions of ZW$1000 and below 2.5% min USD 0.10

Transactions of ZW$1000.01 and above 2.5% min ZWL 1700 + 2 % IMT Tax

POS Purchase with Cash Back

2.5 % min ZWL 600 2% IMT tax Above ZWL 1,000.01

POS Cash Back Limit

ZW$15,000 per week

ZW$60,000 per month

ZIMSWITCH ATM Cash Withdrawal

3.5 % of the amount ZWL 600

3.5 % of the amount ZWL 600 plus 2 % tax above

Balance Inquiry on Insufficient funds

ZWL 600

POS Purchase Limit

ZW$ 2,500,000 per day

POS Transaction Limit

Per week ZW$5 000 000

POS Payment Amount Limit

ZW$ 2,500,000/transaction

BUSINESS CONDITIONS JANUARY 2023 SAVINGS

Savings

PROPOSED BUSINESS CONDITIONS AUGUST 2023 SAVINGS

Account Type

Working Woman

Personal Savings

Pensioners

Account

Micro Farming Savings**

Micro Enterprise Savings**

SME Savings

Group/Association/

Society**

Fixed Deposit

(Contractual Savings)

Minimum Balance

ZWL 5700

ZWL 28 700

ZWL 287 000

Account Opening Deposit

ZWL

28 700

ZWL 28 700

ZWL

28 700

ZWL

28 700

ZWL

28 700

ZWL 287 000

Account Closure

ZWL 5700

ZWL 11 500

N/A

Transaction Type

Working Woman

Personal Savings

Pensioners

Account

Micro Farming Savings

Micro Enterprise

Savings

SME Savings

Group/Association/

Society

Fixed Deposit

(Contractual Savings)

Cash Deposit Fee

Nil

Cash Withdrawal Fees-Slips

3% Min ZWL 5700

No Max

3% Min ZWL 5700

No Max

3% Min ZWL 5700

No Max

3% Min ZWL 5700

No Max

3% Min ZWL 5700

No Max

3% Min ZWL 5700

No Max

Free

Cash Withdrawal Fees-POS

2.5% Min ZWL 2900

Max ZWL 2000

2.5% Min ZWL 2900

Max ZWL 2000

2.5% Min ZWL 2900

Max ZWL 2000

2.5% Min ZWL 2900

Max ZWL 2000

2.5% Min ZWL 2900

Max ZWL 2900

2.5% Min ZWL 2900

Max ZWL 2900

N/A

Statement Request-Branch

ZWL 2900 per

page

ZWL 2900 per page

ZWL2900 per

page

ZWL 2900 per page

ZWL 2900 per

page

free

RTGS*(Above ZW$500 subject to 2% IMT Tax)

2% Min ZWL

11 500

Max ZWL 114800

2% Min ZWL

11 500

Max ZWL 114800

2% Min ZWL

11 500

Max ZWL

114800

2% Min ZWL

11 500

Max ZWL 114800

2% Min

ZWL 11 500

Max ZWL 114800

2% Min ZWL

11 500

Max ZWL

114800

Internal Transfer*

(Above ZW$300 subject to 2% IMT Tax)

1% Min ZWL 5700

Max ZWL 57400

1% Min ZWL 5700

Max ZWL 57400

1% Min ZWL 5700 Max ZWL 57400

1% Min ZWL 5700

Max ZWL 57400

1% Min ZWL 5700

Max ZWL 57400

1% Min ZWL 5700

Max ZWL 57400

N/A

Credit Interest

30% per annum

50% per annum

Balance Enquiry

ZWL 1700

Withholding Tax on Credit Interest

15%

Monthly Service Fess

ZWL 2900

ZWL 11 500

ZWL 5700

Nil

BUSINESS CONDITIONS AUGUST 2023: ZIMSWITCH POS TRANSACTION FEES

Transaction Type

ZW$

Balance Enquiry

ZWL 600

Mini Statement

ZWL 600

POS Purchase

Transactions of ZW$1000 and below 2.5% min USD 0.10

Transactions of ZW$1000.01 and above 2.5% min ZWL 1700 + 2 % IMT Tax

POS Purchase with Cash Back

2.5 % min ZWL 600 2% IMT tax Above ZWL 1,000.01

POS Cash Back Limit

ZW$15,000 per week

ZW$60,000 per month

ZIMSWITCH ATM Cash Withdrawal

3.5 % of the amount ZWL 600

3.5 % of the amount ZWL 600 plus 2 % tax above

Balance Inquiry on Insufficient funds

ZWL 600

POS Purchase Limit

ZW$ 2,500,000 per day

POS Transaction Limit

Per week ZW$5 000 000

POS Payment Amount Limit

ZW$ 2,500,000/transaction

BUSINESS CONDITIONS JANUARY 2023: ZIMSWITCH POS TRANSACTION FEES

ZIMSWITCH POS Transaction Fees

Account Type	Working Woman Personal Savings	Pensioners Account	Micro Farming Savings**	Micro Enterprise Savings**	SME Savings	Group/Association/ Society**	Fixed Deposit (Contractual Savings)
Minimum Balance	$200	$200	$200	$200	$2,000	$1,000	$10,000
Account Opening Deposit	$2,500	$2,500	$2,500	$2,500	$5,000	$5,000	$10,000
Account Closure	$200	$200	$200	$200	$1,000	$500	N/A

Transaction Type	Working Woman Personal Savings	Pensioners Account	Micro Farming Savings	Micro Enterprise Savings	SME Savings	Group/Association/ Society	Fixed Deposit (Contractual Savings)
Cash Deposit Fee	Nil	Nil	Nil	Nil	Nil	Nil	Nil
Cash Withdrawal Fees-Slips	3% Min $75 No Max	3% Min $75 No Max	3% Min $75 No Max	3% Min $75 No Max	3% Min $75 No Max	3% Min $75 No Max	Free
Cash Withdrawal Fees-POS	2.5% Min $50 Max $250	2.5% Min $50 Max $250	2.5% Min $50 Max $250	2.5% Min $50 Max $250	2.5% Min $50 Max $500	2.5% Min $50 Max $500	N/A
Statement Request-Branch	$25 per page	$25 per page	$25 per page	$25 per page	$25 per page	$25 per page	free
*RTGS(Above ZW$500 subject to 2% IMT Tax)**	1.5% Min $500 Max $2,500	1.5% Min $500 Max $2,500	1.5% Min $500 Max $2,500	1.5% Min $500 Max $2,500	1.5% Min $600 Max $5,000	1.5% Min $600 Max $3,000
Internal Transfer* (Above ZW$300 subject to 2% IMT Tax)	1% Min $100 Max $100 $350	1% Min $100 Max $350	1% $100 Max $350	1% Min $150 Max $750	1% Min $150 Max $750	1% Min $150 Max $500	N/A
Credit Interest	40% per annum	40% per annum	40% per annum	40% per annum	40% per annum	40% per annum	80% per annum
Balance Enquiry	$25	$25	$25	$25	$25	$25	$25
Withholding Tax on Credit Interest	15%	15%	15%	15%	15%	15%	15%
Monthly Service Fess	$100	$100	$100	$100	$500	$500	Nil

Transaction Type

ZW$

Initial Card

ZW$1,500.00

Card Replacement

ZW$1,500.00

Balance Enquiry

ZW$15.00

Mini Statement

ZW$20.00

POS Purchase

Transactions of ZW$500 and below 2.5% min ZW$75.00

Transactions of ZW$500.01 and above 2.5% min ZW75.00 + 2 % IMT Tax

POS Purchase with Cash Back

2.5 % min ZW$75 Max ZWL100 plus 2% IMT tax Above ZWL 1,000.01

POS Cash Back Limit

ZW$5,000 per week

ZW$20,000 per month

Cash Withdrawal

3.5 % of the amount ZW$75, max ZW$150 amounts below ZW$300

3.5 % of the amount ZW$75, max ZW$150 plus 2 % tax above ZWL300.01

Balance Inquiry on Insufficient funds

ZW$25.00

POS Purchase Limit

ZW$500,000 per day

POS Transaction Limit

Per week ZW$3,500,000

POS Payment Amount Limit

ZW$500,000/transaction

Loans

Savings

ZIMSWITCH POS Transaction Fees

Thank you