BUSINESS CONDITIONS FEBRUARY 2025 SAVINGS ZWG

               

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

ZWG27

 

ZWG27

 

ZWG27

 

ZWG27

ZWG540

 

ZWG540

 

ZWG1,350

 

Account Opening Deposit

ZWG135

 

ZWG135

 

ZWG135

 

ZWG135

 

ZWG540

 

ZWG540

 

ZWG1,350

 

Account Closure

ZWG27

 

 

 

 

ZWG27

 

 

ZWG27

 

 

 

ZWG27

 

ZWG54

ZWG54

 

N/A

BUSINESS CONDITIONS FEBRUARY 2025 SAVINGS ZWG

Account TypeWorking Woman Personal SavingsPensioners AccountMicro Farming Savings**Micro Enterprise Savings**SME SavingsGroup/Association/ Society**Fixed Deposit (Contractual Savings)
Minimum BalanceZWG27  ZWG27  ZWG27  ZWG27ZWG540  ZWG540  ZWG1,350  
Account Opening DepositZWG135  ZWG135  ZWG135  ZWG135  ZWG540  ZWG540  ZWG1,350  
Account ClosureZWG27        ZWG27    ZWG27      ZWG27  ZWG54ZWG54  N/A
Transaction TypeWorking Woman Personal SavingsPensioners AccountMicro Farming SavingsMicro Enterprise SavingsSME SavingsGroup/Association/ Society                         Fixed Deposit (Contractual Savings)
Cash Deposit FeeNilNilNilNilNilNil  Nil
Cash Withdrawal Fees-Slips3% Min ZWG27 No Max  3% Min ZWG27 No Max3% Min ZWG27 No Max  3% Min ZWG27 No Max    3% Min ZWG27 No Max    3% Min ZWG27 No Max    Free
Cash Withdrawal Fees-POS2.5% Min ZWG13.50 No Max    2.5% Min ZWG13.50 No Max      2.5% Min ZWG13.50 No Max    2.5% Min ZWG13.50 No Max  2.5% Min ZWG13.50 No Max  2.5% Min ZWG13.50 No Max  N/A
Statement Request-BranchZWG13.50 per page    ZWG13.50 per page  ZWG13.50 per page  ZWG13.50 per page  ZWG13.50 per page  ZWG13.50 per page  Free
RTGS*(Above ZW$500 subject to 2% IMT Tax)2% Min ZWG54 Max ZWG540  2% Min ZWG54 Max ZWG5402% Min ZWG54 Max ZWG5402% Min ZWG54 Max ZWG540  2% Min  ZWG54 Max ZWG1,3502% Min ZWG Max ZWG540 
Internal Transfer* (Above ZW$300 subject to 2% IMT Tax)1% Min ZWG27 Max ZWG2701% Min ZWG27 Max ZWG270      1% Min ZWG27 Max ZWG270      1% Min ZWG27 Max ZWG270    1% Min ZWG27 Max ZWG1,350        1% Min ZWG27 Max ZWG270    N/A
Credit Interest5% per annum5% per annum5% per annum5% per annum5% per annum5% per annum  5% per annum
Balance EnquiryZWG8.10      ZWG8.10      ZWG8.10    ZWG8.10      ZWG8.10       ZWG8.10    ZWG8.10    
Withholding Tax on Credit Interest15%15%15%15%15%15%15%
Monthly Service Fess (Applicable to Accounts with balances above ZWG2,700ZWG13.50    ZWG13.50  ZWG13.50    ZWG13.50     ZWG 54      ZWG27          Nil

BUSINESS CONDITIONS FEBRUARY 2025: DIGITAL PLATFORMS

DIGITAL PLATFORMS CARDSDIGITAL PLATFORMS -MOBILE BANKING 
Transaction TypeZWGTRANSACTION TYPEFEE ZWG
RegistrationNo charge
Card Initial IssueUS$5Balance EnquiryZWG12.50
Card Replacement IssueUS$5Mini statementZWG12.50
Internal Transfers (individual)2% min ZWG50.00 max ZWG500 plus 2% IMT Tax
PIN Re-issueZWG50.00Internal Transfers (Product Type: GPSS and SMES) (i.e Corporates, Clubs, SMEs, Schools, Churches)2% min ZWG100 max ZWG1,000 plus 2% IMT Tax
ZIPIT from ZWMB to another Bank2.5% min ZWG50 plus IMT Tax
Balance EnquiryZWG12.50Bill Payments (individual)2% min ZWG50.00  plus 2% IMT Tax
Bill Payments (corporates)2% min ZWG50 plus 2% IMT Tax
Mini StatementZWG12.50RTGS (Personal Accounts)2% min ZWG100 max ZWG1,000.00 plus 2% IMT Tax
RTGS (SMEs, Groups, Cooperatives, Associations)3% min ZWG150.00 max ZWG1,000 plus 2% IMT Tax
Internal Transfer2% min ZWG50.00 max ZWG500 plus 2% IMT TaxInsufficient Funds EnquiryZWG10.00
Airtime Purchase (Netone, Econet)ZWG10.00
Ecocash Bank to WalletN/A
POS Purchase2.5% min ZWG50 plus 2% IMT TaxSMS AlertZWG27/month
 
POS Purchase with Cash Back2.5 % min ZWG62.50 plus 2% 
 
POS Cash Back LimitZWG1,000 per week 
ZWG$3,000 per month 
 
ZIMSWITCH ATM Cash Withdrawal 3.5 % of the amount ZWG50 
 
Insufficient Funds EnquiryZWG10.00 
 
POS Purchase LimitZWG50,000/day 
 
POS Transaction LimitPer week ZWG100,000/week 
 
POS Payment Amount LimitZWG25,000/transaction 
 
ZIPIT LIMITSZWG16,000/month 
ZWG4,800/transaction 
 

BUSINESS CONDITIONS FEBURARY 2025 FOREIGN CURRENCY ACCOUNTS

Account TypeWorking Woman Personal SavingsPensioners AccountMicro Farming Savings**Micro Enterprise Savings**SME SavingsGroup/Association/ Society**Fixed Deposit (Contractual Savings)
Minimum BalanceUSD1.00  USD1.00USD1.00USD1.00USD 20.00USD 5.00USD 50.00
Account Opening DepositUSD 5.00USD 5.00USD 5.00USD 5.00USD20.00USD 5.00USD 50.00  
Account ClosureUSD1.00      USD1.00    USD1.00    USD1.00USD2.00USD2.00    N/A
Transaction TypeWorking Woman Personal SavingsPensioners AccountMicro Farming SavingsMicro Enterprise SavingsSME SavingsGroup/Association/ SocietyFixed Deposit (Contractual Savings)
Cash Deposit FeeNilNilNilNilNilNil  Nil
Cash Withdrawal Fees-Slips3% Min USD1.00 No Max 3% Min USD1.00 No Max  3% Min USD 1.00 No Max3% Min USD1.00 No Max3% Min USD 1.00 No Max3% Min USD 1.00 No MaxFree
Cash Withdrawal Fees-POS2.5% Min $USD 0.50 No Max2.5% Min $USD 0.50 No Max2.5% Min $USD 0.50 No Max2.5% Min $USD 0.50 No Max  2.5% Min $USD 0.50 No Max  2.5% Min $USD 0.50 No MaxN/A
Statement Request-BranchUSD 0.50 per page  USD0.50 per pageUSD 0.50 per pageUSD 0.50 per page  USD 0.50 per pageUSD 0.50 per page  Free
RTGS*(Above USD10 subject to 2% IMT Tax)2% Min USD 2.00   Max USD 20.002% Min USD 2.00 Max USD 20.002% Min USD 2.00 Max USD 20.002% 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)1% Min USD 1.00 Max USD 10.001% Min USD 1.00 Max USD 10.001% Min USD 1.00 Max USD 10.001% Min USD 1.00 Max USD 10.001% Min USD 1.00 Max USD 50.00  1% Min USD 1.00 Max USD 10.00N/A
Credit Interest1% per annum1% per annum1% per annum1% per annum1% per annum1% per annum2.5% per annum  
Balance EnquiryUSD 0.30      USD 0.30      USD 0.30    USD 0.30      USD 0.30      USD 0.30      N/A      
Withholding Tax on Credit Interest15%15%15%15%15%15%15%
Monthly Service FessUSD 0.50      USD 0.50    USD 0.50      USD 0.50      USD 2.00      USD 1.00        N/A

BUSINESS CONDITIONS FEBRUARY 2025: DIGITAL PLATFORMS

DIGITAL PLATFORMS MOBILE BANKINGDIGITAL PLATFORMS CARD
TRANSACTION TYPEFEE-USDTRANSACTION TYPEFEE- USD
RegistrationNo ChargeCard Initial IssueUS$5
Balance EnquiryUS$0.50Card Replacement IssueUS$5
Mini statementUS$0.50PIN Re-issueUS$2
Internal Transfers (individual)2% min US$2 max US$20.00 plus 2% IMT Tax
Balance EnquiryUSD 0.50
Internal Transfers (Product Type: GPSS and SMES) (i.e Corporates, Clubs, SMEs, Schools, Churches)1.5% min US$4 max US$40.00 plus 2% IMT TaxMini StatementUSD 0.50
ZIPIT from ZWMB to another Bank2.5% min US$2 plus 2% IMT Tax
Bill Payments (individual)2% min US$2.00 plus 2% IMT TaxInternal Transfer2% min US$2 max US$20.00 plus 2% IMT Tax
Bill Payments (corporates)2% min US$2 plus 2% IMT TaxPOS Purchase2.5% min US$2 plus 2% IMT Tax
RTGS (Personal Accounts)2% min US$4 plus 2% IMT Tax
RTGS (SMEs, Groups, Cooperatives, Associations)2% min US$5 max US$40 plus 2% IMT TaxPOS Purchase with Cash Back2.5 % min USD2.50 plus 2% IMT
Insufficient Funds EnquiryUS$0.40
Airtime Purchase (Netone, Econet)US$0.40POS Cash Back LimitUSD100.00 per week
Ecocash Bank to WalletUSD300.00 per month
ZIMSWITCH ATM Cash Withdrawal3.5 % of the amount US$2
Insufficient Funds EnquiryUS$0.40
POS Purchase LimitUS500,00/day
POS Transaction LimitUS$1,000/week
POS Payment Amount LimitUSD200.00/transaction
ZIPIT LIMITSUS$500/month
US$200/transaction