MyCash Business Conditions

Business Conditions (March 2023)

 

Zimswitch POS Mobile Banking Internet Banking
Balance Enquiry ZWL100+ ZWL95.58 ZimSwitch fee ZWL100 ZWL100
Insufficient Funds ZWL37.15+ (Zimswitch Fee ZWL262.85 N/A N/A
Mini Statement N/A ZWL100 ZWL100
Purchase
(Point of Sale)

Below ZWL1000 ZWL 80

Above ZWL1000 But Below ZWL2500 (min ZWL300

Above ZWL2500 – ZWL40 000  – ZWL600

Above ZWL40 000 – 1.75%

ZimSwitch Fee

Transactions below ZWL1000 (ZWL 11.58 + 0.60% of transaction amount. Min ZWL50 – Max ZWL7000

Transactions above ZWL2500 (ZWL 90 + 0.60% of transaction amount. Min ZWL50 – Max ZWL7000)

N/A N/A
Cash Back
(Point of Sale)
1% min $200 Plus (1% of  amount + 0.60% of transaction amount Zimswitch  Fee) N/A N/A
Withdrawal 1% min $200 Plus (1% of amount + 0.60% transaction amount Zimswitch fee.) N/A N/A
ZIPIT Send to Bank N/A

Below ZWL 5000

ZWL 500

Above  ZWL5000 but below  40000 ZWL800

Above ZWL40000 – 2%

ZimSwitch Fees
(1% of amount)

Below ZWL 5000

ZWL 500

Above  ZWL5000 but below  40000 ZWL800

Above ZWL40000 – 2%

ZimSwitch Fees
(1% of amount)

MyCash (Internal Transfer) N/A

 

Below ZWL50000 – ZWL500

Above ZWL50000 – 1%

 

Below ZWL50000  ZWL500

Above ZWL50000 – 1%

Airtime Purchase N/A ZWL40 ZWL40
Bill Payment N/A FREE, 2% IMTT for transactions above ZWL2500 FREE, 2% IMTT for transactions above ZWL2500
Send2Cell N/A

Below ZWL50000  ZWL500

Above ZWL50000 – 1%

Below ZWL50000  ZWL500

Above ZWL50000 – 1%

PAYGO N/A

Below ZWL50000  ZWL500

Above ZWL50000 – 1%

Below ZWL50000  ZWL500

Above ZWL50000 – 1%

RTGS
N/A 1% min ZWL400 max ZWL4,000 1% min ZWL400 max ZWL4,000

 

 

All above charges are in ZWL$

 

OTHER CHARGES
1.  Card Replacement fees – USD 1.00 (Payable at Bank rate)
2.  Payroll Processing fees – ZWL 400 per employee (excluding VAT )
3.  SMS cost – ZWL 8.30
4.  2% IMTT applies on transactions above ZWL2 500 ( Salary payments are exempted from IMTT )
ACCOUNT MANAGEMENT FEES
1.  MyCash Wallet – Nil
2.  MyCash Plus – ZWL 1000.00
3.  MyCash Business Accounts – ZWL10 000.00

LIMITS – MyCash Card

APPLICABLE TRANSACTION TRANSACTIONAL LIMITS WEEKLY LIMITS MONTHLY LIMITS
Airtime  ZWL 50 000 ZWL 100 000 ZWL 100000

ZIPIT Send

RTGS Send

Internal Transfer

Purchases

Bill Payments

 

ZWL 200 000

ZWL 200 000

ZWL 100 000

ZWL 200 000

ZWL 200 000

 

N/A

 ZWL800 000

ZWL800 000

ZWL400 000

ZWL800 000

ZWL800 000

Withdrawals and Cashbacks ZWL 5000 N/A ZWL 20000

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.