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Business Conditions

As at May 2019

Terms and Conditions

Download the business Conditions here

PERSONAL ACCOUNTS
PRODUCTNOSTRO FCACURRENT ACCOUNT – PREMIUMCURRENT ACCOUNT-BASICNMBLITEACCOUNTSAVINGS ACCOUNTDREAM HOUSE SAVINGS ACCOUNTFIXED/TERM DEPOSIT
Minimum balanceUSD10ZWL15ZWL7.50ZWL10ZWL100ZWL50ZWL1000
Interest ratesMin 0.0001 % p.aMin 0.2% p.aMin 0.2% p.a0.2% p.aMin 2% p.a3-6% p.a.Min 2% p.a.
Interest calculationMinimum Monthly BalanceMinimum Monthly BalanceMinimum Monthly BalanceMinimum Monthly BalanceDaily BalanceMinimum Monthly BalanceAs agreed
Frequency of paymentMonthlyMonthlyMonthlyMonthlyMonthlyMonthlyOn Maturity
Withdrawal conditionsOn demandOn demandOn DemandOn DemandOn demandNo withdrawal for the first 12 monthsOn Maturity

Visa Debit and Credit Cards also available from our Card Centre. Call (242) 798851-6 for more information

PERSONAL LOANS & OVERDRAFTS
TENOR 3-36 MONTHSMINIMUM LENDING RATE p.a plus a marginARRANGEMENT FEES UP TO 8%INSURANCE 1% p.aOVERDRAFT CHARGE 24% p.a WITHOUT ARRANGEMENT
MORTGAGE LOANS
TENOR UP TO 15 YEARSESTABLISHMENT FEES 2%VALUATION FEES 1%INTEREST RATES UP TO 15% p.aDEPOSIT 25% OF PURCHASE PRICEANNUAL MAINTAINANCE FEE ZWL250
BUSINESS ACCOUNTS
PRODUCTBUSINESS NOSTRO FCABUSINESS CURRENT ACCOUNTSME CURRENT ACCOUNTINVESTMENT/CALL ACCOUNT
MINIMUM ACCOUNT BALANCEUSD25ZWL50ZWL25ZWL1,000
INTEREST RATESMin 0.0001% p.aMin 0.20 % p.aMin 0.20 % p.aMin 2% p.a.
INTEREST CALCULATIONMinimum Monthly BalanceMinimum Monthly BalanceMinimum Monthly BalanceDaily Balance
FREQUENCY OF PAYMENTMonthlyMonthlyMonthlyMonthly
WITHDRAWAL CONDITIONSOn DemandOn DemandOn DemandOn Demand
BUSINESS FINANCE
Loans/overdraftsMinimum lending rate p.a. plus a margin
Penalty interest rate – Lending Rate plus 8% p.a.
Acceptance credits/BASCommission up to 2.5% plus Market Discount Rate.
INTERNATIONAL BANKING TRANSACTIONAL FEES
IMPORT AND EXPORT DOCUMENTATION
EXPORTER REGISTRATIONZWL20PRIOR EXCON APPLICATIONZWL50DOCUMENTARY COLLECTION
PRE STAMPED AUTHORITYZWL20FORM CD1ZWL5CAPITAL ACCOUNT TRANSACTION
IMPORTER REGISTRATIONZWL20BULK FORM CD1ZWL50CD3 ADMINISTRATION FEE
TELEGRAPHIC TRANSFERS
OUTGOING TELEGRAPHIC TRANSFER0.5%; Min USD30. No MaxEXCON BATCH FEEZWL10
FOREIGN BANK CHARGE1%; Min USD50; Max USD150PAYMENT CANCELLATION/AMENDMENTZWL50
LETTERS OF CREDIT
ESTABLISHMENT FEE0.75% flat USDDOCUMENT HANDLING0.5%
CONFIRMATION FEE0.5% pro rata USDDOCUMENT COLLECTIONZWL100 flat
BANKING CHARGES
PERSONAL NOSTRO
FCA
PERSONAL CURRENT
ACCOUNT PREMIUM
PERSONAL CURRENT
ACCOUNT BASIC
NMBLITE ACCOUNTPERSONAL SAVINGS
ACCOUNT
BUSINESS NOSTRO
FCA
BUSINESS CURRENT
ACCOUNT
SME CURRENT
ACCOUNT
BUSINESS SAVINGS
ACCOUNT
MONTHLY SERVICE FEESUSD3ZWL15ZWL10ZWL1ZWL15
(Below Min Balance)
USD10ZWL40ZWL25ZWL30
(Below Min Balance)
CASH WITHDRAWAL FEE2%; Min USD22%; Min ZWL22%; Min ZWL22%; Min ZWL22%; Min ZWL22%; Min USD22%; Min ZWL22%; Min ZWL22%; Min ZWL2
ATM CASH WITHDRAWAL1%1.75%1.75%1.75%1.75%1%1.75%1.75%1.75%
INTER ACCOUNT TRANSFERSUSD2ZWL10ZWL10ZWL10ZWL10USD3ZWL10ZWL10ZWL10
RTGSUSD5ZWL10ZWL10ZWL10ZWL10USD5ZWL10ZWL10ZWL10
MERCHANT POS
MONTHLY CHARGE 1%; Min ZWL30 (KaGwenya) and Min ZWL75 (Standard POS)EVENTS POS HIRE 1%; Min ZWL75 per hireSEASONAL POS HIRE 1%; Min ZWL75 per month
OTHER CHARGES
RTGSN/AINTERNET BANKING ZWL10ACCOUNT STATEMENT / MINI STATEMENTMOBILE BANKING ZWL0.50INTERNET BANKING ZWL0.50
ZIPIT TO OTHER BANKSMOBILE BANKING ZWL2.50N/ABILL PAYMENTSMOBILE BANKING ZWL2.50INTERNET BANKING ZWL2.50
DEBIT, PREFUNDED AND CREDIT CARDS
DEBIT CARDS ISSUANCEACCESS CARD ZWL10VISA CLASSIC EQUIVALENT TO USD10VISA GOLD USD12VISA PLATINUM USD15PURCHASES ON NMB BANK POS ZWL0.50POS BALANCE ENQUIRY ZWL0.50
ECOCASH BANK TO WALLET TRANSFERS 1%; MIN ZWL3PREFUNDED CARDS ISSUANCEVISA CLASSIC PREFUNDED USD10VISA GOLD PREFUNDED USD12VISA PLATINUM PREFUNDED USD15
VISA PURCHASESPOS AND ONLINE 1.5%; PLUS USD2.50DECLINED TRANSACTION USD0.50VISA WITHDRAWALSBRANCH CASH WITHDRAWAL 2%; PLUS USD3.50ATM WITHDRAWAL 2%; PLUS USD3