MyCash Business Conditions

Business Conditions (October 2022)

 

Zimswitch POS Mobile Banking Internet Banking
Balance Enquiry ZWL80 ZWL80 ZWL80
Insufficient Funds ZWL80 + (Zimswitch Fee ZWL84.79 N/A N/A
Mini Statement N/A ZWL80 ZWL80
Purchase
(Point of Sale)

Below ZWL100 (ZWL 60

Above ZWL100 But Below ZWL1000 (min ZWL140

Above ZWL1000 – ZWL33500  – ZWL500

Above ZWL33500 – 1.5%

ZimSwitch Fee

Transactions below ZWL1000 (0.60% of transaction amount. Min ZWL30 + ZWL7.71

Transactions above ZWL1000 (0.60% of transaction amount. Min ZWL30 +ZWL60)

N/A N/A
Cash Back
(Point of Sale)
1% min $160 Plus (1% of  amount + 0.60% of transaction amount. Min ZWL30  Zimswitch  Fee) N/A N/A
Withdrawal 1% min $160 Plus (1% of amount + 0.60% transaction amount. Min ZWL30  Zimswitch fee.) N/A N/A
ZIPIT Send to Bank N/A

2% min ZWL500

Below ZWL25000 – ZWL500

Above ZWL25000 – 2%

ZimSwitch Fees
(1% of amount. Min ZWL40

2% min ZWL500
MyCash (Internal Transfer) N/A

1% min ZWL300

Below ZWL30000 – ZWL300

Above ZWL30000 – 1%

1% min ZWL300
Airtime Purchase N/A ZWL20 ZWL20
Bill Payment N/A FREE, 2% IMTT for transactions above ZWL1000 FREE, 2% IMTT for transactions above ZWL1000
Send2Cell N/A ZWLN/A N/A
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 200 per employee (excluding VAT )
3.  SMS cost – ZWL  1.44
4.  2% IMTT applies on transactions above ZWL1,000 ( Salary payments are exempted from IMTT )
ACCOUNT MANAGEMENT FEES
1.  MyCash Wallet – Nil
2.  MyCash Plus – ZWL 600.00
3.  MyCash Business Accounts – ZWL7000.00

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 150 000

ZWL 150 000

ZWL 150 000

ZWL 150 000

ZWL 150 000

 

N/A  ZWL 600 000
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 50 000

ZWL 50 000

ZWL 50 000

ZWL 50 000

ZWL 250 000 ZWL 250 000

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