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 $200 Plus (1% of amount + 0.60% transaction amount Zimswitch fee.) | N/A | N/A |
| ZIPIT Send to Bank | N/A |
Below ZWL 5000 ZWL 500 Above ZWL5000 but below 40000 ZWL800 Above ZWL40000 – 2% ZimSwitch Fees |
Below ZWL 5000 ZWL 500 Above ZWL5000 but below 40000 ZWL800 Above ZWL40000 – 2% ZimSwitch Fees |
| MyCash (Internal Transfer) | N/A |
Below ZWL50000 – ZWL500 Above ZWL50000 – 1% |
Below ZWL50000 ZWL500 Above ZWL50000 – 1% |
| Airtime Purchase | N/A | ZWL40 | ZWL40 |
| Bill Payment | N/A | FREE, 2% IMTT for transactions above ZWL2500 | FREE, 2% IMTT for transactions above ZWL2500 |
| Send2Cell | N/A |
Below ZWL50000 ZWL500 Above ZWL50000 – 1% |
Below ZWL50000 ZWL500 Above ZWL50000 – 1% |
| PAYGO | N/A |
Below ZWL50000 ZWL500 Above ZWL50000 – 1% |
Below ZWL50000 ZWL500 Above ZWL50000 – 1% |
| RTGS |
N/A | 1% min ZWL400 max ZWL4,000 | 1% min ZWL400 max ZWL4,000 |
All above charges are in ZWL$
| 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.