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| Withdrawal | $1000 Plus (Zimswitch Fee – 5% of amount withdrawn) | N/A | N/A |
| ZIPIT Send to Bank | N/A |
Below ZWL 25000 ZWL 1000 Above ZWL 25000 but below 100 000 ZWL1500 Above ZWL100000 – 2% min ZWL1500 ZimSwitch Fees |
Below ZWL 25000 ZWL 1000 Above ZWL5000 but below 100000 ZWL1500 Above ZWL100000 – 2% min ZWL 1500 ZimSwitch Fees |
| MyCash (Internal Transfer) | N/A |
Below ZWL80000 – ZWL800 Above ZWL80000 – 1% min ZWL800 |
Below ZWL80000 ZWL800 Above ZWL80000 – 1% min ZWL800 |
| Airtime Purchase | N/A | ZWL70 | ZWL70 |
| Bill Payment | N/A | FREE, 2% IMTT for transactions above ZWL2500 | FREE, 2% IMTT for transactions above ZWL2500 |
| Send2Cell | N/A |
Below ZWL80000 ZWL800 Above ZWL80000 – 1% min ZWL800 |
Below ZWL80000 ZWL800 Above ZWL80000 – 1% min ZWL800 |
| PAYGO | N/A |
Below ZWL80000 ZWL800 Above ZWL80000 – 1% min ZWL800 |
Below ZWL80000 ZWL800 Above ZWL80000 – 1% min ZWL800 |
| RTGS |
N/A | 1% min ZWL1000 max ZWL5,000 | 1% min ZWL1000 max ZWL5,000 |
All above charges are in ZWL$
| 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.