MyCash Business Conditions

Business Conditions (6 July 2023)

 

Zimswitch POS Mobile Banking Internet Banking
Balance Enquiry ZWL200 + ZWL231.49 ZimSwitch fee ZWL200 ZWL200
Insufficient Funds ZWL363.39 + (Zimswitch Fee ZWL636.61 N/A N/A
Mini Statement N/A ZWL200 ZWL200
Purchase
(Point of Sale)

Below ZWL1000 ZWL 500

Above ZWL1000 But Below ZWL28571.43  ZWL700

Above

ZWL28 571.43

– 1.75%

ZimSwitch Fee

Transactions below ZWL1000 (ZWL 28.01 + 0.60% of transaction amount).

Transactions above ZWL1000  (ZWL 217.97 + 0.60% of transaction amount).

N/A N/A
Cash Back
(Point of Sale)
1% min $1000 Plus ( Zimswitch Fee – 5% of Cashback amount.) N/A N/A
Withdrawal $1000 Plus (Zimswitch Fee – 5% of  amount withdrawn) N/A N/A
ZIPIT Send to Bank N/A

Below ZWL 25000

ZWL 1000

Above  ZWL 25000 but below  100 000 ZWL1500

Above ZWL100000 – 2% min ZWL1500

ZimSwitch Fees
(1% of amount)

 

Below ZWL 25000

ZWL 1000

Above  ZWL5000 but below 100000 ZWL1500

Above ZWL100000 – 2% min ZWL 1500

ZimSwitch Fees
(1% of amount)

MyCash (Internal Transfer) N/A

 

Below ZWL80000 – ZWL800

Above ZWL80000 – 1% min ZWL800

 

Below ZWL80000  ZWL800

Above ZWL80000 – 1% min ZWL800

Airtime Purchase N/A ZWL70 ZWL70
Bill Payment N/A FREE, 2% IMTT for transactions above ZWL2500 FREE, 2% IMTT for transactions above ZWL2500
Send2Cell N/A

Below ZWL80000  ZWL800

Above ZWL80000 – 1% min ZWL800

Below ZWL80000  ZWL800

Above ZWL80000 – 1% min ZWL800

PAYGO N/A

Below ZWL80000  ZWL800

Above ZWL80000 – 1% min ZWL800

Below ZWL80000  ZWL800

Above ZWL80000 – 1% min ZWL800

RTGS
N/A 1% min ZWL1000 max ZWL5,000 1% min ZWL1000 max ZWL5,000

 

 

All above charges are in ZWL$

 

OTHER CHARGES
1.  Card Replacement fees – USD 1.00 (Payable at Bank rate)
2.  Payroll Processing fees – ZWL 5000 per employee (excluding VAT )
3.  SMS cost – ZWL 24.20
4.  2% IMTT applies on transactions above ZWL 2500 ( Salary payments are exempted from IMTT )
ACCOUNT MANAGEMENT FEES
1.  MyCash Wallet – ZWL 5000.00
2.  MyCash Plus – ZWL 5000.00
3.  MyCash Business Accounts – ZWL65 000.00

LIMITS – MyCash Card

APPLICABLE TRANSACTION TRANSACTIONAL LIMITS WEEKLY LIMITS MONTHLY LIMITS
Airtime  ZWL 100 000 ZWL 500 000 ZWL 500000

ZIPIT Send

RTGS Send

Internal Transfer

Purchases

Bill Payments

 

ZWL 400 000

ZWL 400 000

ZWL 200 000

ZWL 400 000

ZWL 400 000

 

N/A

 ZWL2 400 000

ZWL 2 400 000

ZWL 1 200 000

ZWL 2 400 000

ZWL 2 400 000

Withdrawals and Cashbacks ZWL 10 000 ZWL 10 000 N/A

MyCash Wallet

APPLICABLE TRANSACTION TRANSACTIONAL LIMITS WEEKLY LIMITS MONTHLY LIMITS
 Airtime ZWL 20 000 ZWL 50 000 ZWL 50 000

Internal Transfers

Send2Cell

ZIPIT Send

Bill Payments

ZWL 75 000

ZWL 75 000

ZWL 75 000

ZWL 75 000

N/A

ZWL350 000

ZWL350 000

ZWL350 000

ZWL350 000

Note: Monthly limit canbe spent in a day, transactional limits apply.