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!