MyCash Business Conditions

Business Conditions (June 2022)

 

Zimswitch POS Mobile Banking Internet Banking
Balance Enquiry $15 $15 N/A
Insufficient Funds $40 + (Zimswitch Fee $22.79) N/A N/A
Mini Statement N/A $20 $20
Purchase
(Point of Sale)

Below $100 (ZWL 15 Plus $3.29 Zimswitch fee)

Above $100 But Below $300 (min $35 Plus $50.01 Zimswitch fee)

Above $300 (1.25% min $80 Plus $51.01 Zimswitch fee)

N/A N/A
Cash Back
(Point of Sale)
1% min $40 Plus (Zimswitch fee $39.49) N/A N/A
Withdrawal 1% min $45 Plus (Zimswitch fee ZWL 39.49) N/A N/A
ZIPIT Send to Bank N/A 2% min $120 Plus
(Zimswitch fee $32.91)
2% min $120 Plus
(Zimswitch fee $32.91)
MyCash (Internal Transfer) N/A 1% min $120 1% min $120
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  1.43
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 150.00
3.  MyCash Business Accounts – ZWL 2,000.00