MyCash Business Conditions
Business Conditions (July 2022)
Zimswitch POS | Mobile Banking | Internet Banking | |
Balance Enquiry | $20 | $20 | N/A |
Insufficient Funds | $70 + (Zimswitch Fee $29.61) | N/A | N/A |
Mini Statement | N/A | $27 | $27 |
Purchase (Point of Sale) |
Below $100 (ZWL 30 Plus $3.29 Zimswitch fee) Above $100 But Below $300 (min $65 Plus $51.01 Zimswitch fee) Above $300 (1.25% min $140 Plus $51.01 Zimswitch fee) |
N/A | N/A |
Cash Back (Point of Sale) |
1% min $110 Plus (Zimswitch fee $39.49) | N/A | N/A |
Withdrawal | 1% min $110Plus (Zimswitch fee ZWL 39.49) | N/A | N/A |
ZIPIT Send to Bank | N/A | 2% min $210 Plus (Zimswitch fee $32.91) |
2% min $210 Plus (Zimswitch fee $32.91) |
MyCash (Internal Transfer) | N/A | 1% min $210 | 1% min $210 |
Airtime Purchase | N/A | FREE | FREE |
Bill Payment | N/A | FREE | FREE |
Send2Cell | N/A | $50 | N/A |
RTGS | N/A | 1% min $200 max $2,000 | 1% min $200 max $2,000 |
- All above charges are in ZWL$
OTHER CHARGES |
1. Card Replacement fees – USD 1.00 (Payable at Bank rate) |
2. Payroll Processing fees – ZWL 120 per employee (excluding VAT ) |
3. SMS cost – ZWL 1.44 |
4. 2% IMTT applies on transactions above ZWL1,000 ( Salaries payments are exempted from IMTT ) |
ACCOUNT MANAGEMENT FEES |
1. MyCash Wallet – Nil |
2. MyCash Plus – ZWL 265.00 |
3. MyCash Business Accounts – ZWL 3500.00 |
LIMITS
Applicable Transactions | Per Transaction Limit | Daily Limit | Monthy Limit |
Send2Cell , Internal Transfer send | 10k | 70k | 70k |
ZIPIT SEND | 25k | 100k | 400k |
Bill Payments, Purchases | 50k | 400k | 400k |
Cash Withdrawal | 5k | 5k | 20k |
Airtime | 10k | 10k | 70k |
Note: Weekly limit canbe exhausted in a day!