zanaco xapit account charges

Zanaco Xapit account charges and Fees

Here are the charges for Zanaco and Xapit account charges and fees

PRODUCT/SERVICE PERSONAL CUSTOMERS MSME CUSTOMERS


ZANACO MONTHLY MAINTENANCE FEES


Xapit Account Nil N/A
Seba Account K35 N/A
Savings Account K40 K80
Zanaco Savers Account K50 K95
Current Account (ZMW) K50 K110
Digital Micro Business Account N/A K50
Foreign Currency Accounts (USD) US$12 US$15
Foreign Currency Accounts (GBP) GBP7.50 GBP6
Foreign Currency Accounts (EUR) EUR10 EUR8
Foreign Currency Accounts (ZAR) ZAR132 ZAR110
MONTHLY MANAGEMENT FEES
Xapit Account K5 N/A
Penalty on Balance above K10,000 K50 per occurrence N/A


ZANACO MINIMUM BALANCE


Xapit Account Nil, starter pack fee K40 N/A
Seba Account K50 N/A
Savings Account K200 K500
Zanaco Savers Account K750 K1,200
Digital Micro Business Account N/A Nil
Current Account (ZMW) Nil Nil
FX Current Account (USD) NIL Nil
FX Current Account (GBP) NIL Nil
FX Current Account (EUR) NIL Nil
FX Current Account (ZAR) NIL Nil
FX Current Account Professional Product (USD) USD 150 N/A
FX Current Account Professional Product (GBP) GBP 100 N/A
Term Deposits Account K10,000 K10,000
Account below minimum balance
(Flat fee per month)
Xapit, SEBA Account K15 N/A
Savings, Zanaco Savers, Current and Foreign K35 or equivalent K50 or equivalent
Currency Accounts


ZANACO WITHDRAWALS FEES


ATM withdrawal
ATM withdrawal at Zanaco ATM K9 K9
(per succesful withdrawal)
ATM withdrawal other banks K15 K15
ATM withdrawal international K20 + 1.5%, max K 50 K15 + 1.5%, max K 50
Point of Sale (POS) cash withdrawal
POS cash withdrawal at Zanaco Xpress Agent
PRODUCT/SERVICE PERSONAL CUSTOMERS MSME CUSTOMERS
K0 – K100 K6.50 K6.50
K101 – K250 K6.50 K6.50
K251 – K2,000 K6.50 K6.50
K2,000.01 – K4,000 K6.50 K6.50
K4,000.01 to K5,000 K6.50 K6.50
Over the Counter (OTC) withdrawal
at any Zanaco Branch
OTC cash/cheque withdrawal at Zanaco Branch K100 Savingss & Zanaco Savers – 4 free
K50 per extra withdrawal
Excessive encashment of K25,000 and above K250 plus 0.2% for amount K250 plus 0.2% for amount
or equivalent. (For amounts above K100,000 above K25,000 above K25,000
customer is to give 48 hours notice)


ZANACO DEPOSITS


Point of Sale (POS) cash deposit
POS cash deposit at Zanaco Xpress Agent
Over the Counter (OTC) cash deposit
at any Zanaco branch
OTC cash deposit into other accounts Free Free
OTC Bulk cash deposits of coins Free For 5n, 10n, 50n, K1 coins on deposits
of less than K1,000 free.
Above K1,000: 1% min K100
OTC Bulk cash deposits in excess of K 100,000 Free Free
OTC Bill Muster cash deposit Free Free
Cheque Deposits
OTC Cheque deposits for Zanaco cheques K10 K3
(Charged to the drawer’s account)
Deposit Books
Deposit book numbered K50 K50
unpersonalised – 50 duplicate leaves
Customised Deposit Book K100 Full Cost
FUNDS TRANSFERS
Over the Counter (OTC) Funds Transfer
OTC funds transfer within Zanaco K15 K5
OTC funds transfer to other banks K50 K50
(upto K 100,000-DDACC)
Using card Using Account Using card Using Account
Number Number
K0 – K100 Free Free Free Free
K101 – K250 Free Free Free Free
K251 – K500 Free Free Free Free
K501 – K2,000 Free Free Free Free
PRODUCT/SERVICE PERSONAL CUSTOMERS MSME CUSTOMERS
K0 – K100 K6.50 K6.50
K101 – K250 K6.50 K6.50
K251 – K2,000 K6.50 K6.50
K2,000.01 – K4,000 K6.50 K6.50
K4,000.01 to K5,000 K6.50 K6.50
Over the Counter (OTC) withdrawal
at any Zanaco Branch
OTC cash/cheque withdrawal at Zanaco Branch K100 Savingss & Zanaco Savers – 4 free
K50 per extra withdrawal
Excessive encashment of K25,000 and above K250 plus 0.2% for amount K250 plus 0.2% for amount
or equivalent. (For amounts above K100,000 above K25,000 above K25,000
customer is to give 48 hours notice)


DEPOSITS
Point of Sale (POS) cash deposit
POS cash deposit at Zanaco Xpress Agent
Over the Counter (OTC) cash deposit
at any Zanaco branch
OTC cash deposit into other accounts Free Free
OTC Bulk cash deposits of coins Free For 5n, 10n, 50n, K1 coins on deposits
of less than K1,000 free.
Above K1,000: 1% min K100
OTC Bulk cash deposits in excess of K 100,000 Free Free
OTC Bill Muster cash deposit Free Free
Cheque Deposits
OTC Cheque deposits for Zanaco cheques K10 K3
(Charged to the drawer’s account)
Deposit Books
Deposit book numbered K50 K50
unpersonalised – 50 duplicate leaves
Customised Deposit Book K100 Full Cost
FUNDS TRANSFERS
Over the Counter (OTC) Funds Transfer
OTC funds transfer within Zanaco K15 K5
OTC funds transfer to other banks K50 K50
(upto K 100,000-DDACC)
Using card Using Account Using card Using Account
Number Number
K0 – K100 Free Free Free Free
K101 – K250 Free Free Free Free
K251 – K500 Free Free Free Free
K501 – K2,000 Free Free Free Free
PRODUCT/SERVICE PERSONAL CUSTOMERS MSME CUSTOMERS
OTC funds transfer to other banks K50 K50
(above K 100,000-RTGS)
Mobile Banking (XAPIT) Transfers
Transfers within Zanaco K0.00 to K2000.00 K 7.00 K 7.00
Transfers within Zanaco above K2000.00 K 10.00 K 10.00
Funds transfer to other banks (DDACC) K 20.00 K 20.00
Funds transfer to other banks (RTGS) K 50.00 K 50.00


ZANACO PAYMENTS


Mobile Banking Bills Payment K6.50 K6.50
Standing Order
Standing Order setup Free Free
Individual transactions K10 plus VAT K15 plus VAT
(Internal payments within Zanaco)
Individual transactions to other banks DDACC K50 plus VAT, DDACC K50 plus VAT,
RTGS K50 plus VAT RTGS K50 plus VAT
Individual transactions (international payments) US$10 + TT Charges + US$30 US$10 + TT Charges + US$30
Correspondent charge plus VAT Correspondent charge plus VAT
Premature cancellation of standing order K30 plus VAT K50 plus VAT


ZANACO Cheques


Cheque book 25 leaves (ZMW) K50 K50
Cheque book 50 leaves (ZMW) K100 K100
Chequebook 50leaves -Foreign Currency Accounts K100 K100
Cheque book 100 leaves (ZMW) N/A K200
Cheque book 200 leaves
Customised Cheque Book Full Cost Full Cost
Cheque Processing (ZMW) K5 per cheque K3 per cheque
Foreign Currency Cheque Processing (USD) US$1.50 per cheque US$ 1.50 per cheque
Foreign Currency Cheque Processing (GBP) GBP1 per cheque GBP0.90 per cheque
Foreign Currency Cheque Processing (EUR) EUR1 per cheque EUR1.10 per cheque
Foreign Currency Cheque Processing (ZAR) ZAR15 per cheque ZAR 17 per cheque
Stop payment order K250 plus VAT K300 plus VAT
Irregularly drawn cheques Free K50
Bank/Manager’s Cheque Issued K100 per cheque K100 per cheque
Counter Cheque / Cash Voucher K150 K100
Unpaid cheque, DDACC/RTGS and Standing K510 per item K840 per item


ZANACO INTERNET BANKING


Set-up fee Free Free
Monthly fee Free Free
Internet transaction within Zanaco K6 K6
Internet transaction to other bank (DDACC) K20 K20
Internet transaction to other bank (RTGS) K50 K50
Internet bank statement Free Free
PRODUCT/SERVICE PERSONAL CUSTOMERS MSME CUSTOMERS
Retention Bond Not applicable 0.75% per quarter or part
thereof min K500
Warehouse Bond Not applicable 0.75% per quarter or part
thereof min K500
Customs and Excise Bond Not applicable 0.75% per quarter or part
thereof min K500
Sealing bids Not applicable K200


OUTWARD LETTERS OF CREDIT – IMPORTS


Arrangement fee on Usance L/Cs Not applicable 1.5% of the amount
Usance L/Cs Not applicable 0.75% per quarter or part
thereof min K686.40 Sight L/Cs
Sight L/Cs Not applicable 0.5% per quarter or part
thereof min K686.40
Donor Funded L/Cs Not applicable Donor/cash covered 0.3% min K528
Cancellation of import L/C Not applicable K528 or USD equivalent
Closing charge under undrawn L/C Not applicable K528 or USD equivalent
Extension of L/C expiry date validity Not applicable Ext with confirmation 0.5% of
amount min K158.40 max K264
Drawing commission Not applicable K13
Amendment commission Not applicable K264 plus SWIFT charge
or USD equivalent
Amendment for increase in Value Not applicable 1% of the additional amount
min K290.40
Inland courier postage Not applicable Actual courier cost plus 50%
thereof as handling charges
Delivery of Documents Not applicable K100
Other amendments Not applicable K158.40 or USD equivalent


INWARD LETTERS OF CREDIT – EXPORTS


Advising Commission Not applicable K528.40 or USD equivalent
Confirmation Commission Not applicable 0.5% per quarter or part
thereof min K686.40
Negotiation Commission Not applicable 0.75% per quarter or part
thereof min K686.40 or
USD equivalent
Extention of L/C expiry date validity Not applicable As per initial confirmation charge
plus K264 amendment
Other amendments Not applicable K264 or USD equivalent

  • SWIFT charge
    Courier charge Not applicable K 528.40 or USD equivalent
    Closing charge under undrawn L/C Not applicable Outstanding charges plus closing
    charge of K264
    PRODUCT/SERVICE PERSONAL CUSTOMERS MSME CUSTOMERS
    GENERAL BANKING SERVICES
    Cheque Image/Copy K70 per image/Copy K60 per image/Copy
    Counter voucher Image/Copy K60 per image/Copy K50 per image/Copy
    Outward Status Equiry except N/A K120 per customer request plus VAT
    on account opening
    Auditors Report N/A K250 per Report plus VAT
    Certification of customers’ documents K115 per copy plus VAT K115 per copy plus VAT
    Certificate of Balance K200 plus VAT K170 plus VAT
    Search fee for items 6 months to 1 year K150 per item plus VAT K100 per item plus VAT
    Search fee for items over 1 year K200 per item plus VAT K150 per item plus VAT
    Commission on Bank references K150 per customer request plus VAT K250 per customer request plus VAT
    Confirmation of Bank Accounts to K150 per customer request plus VAT K250 per customer request plus VAT
    third parties as per request
    Night Safe K100 per wallet per quarter K90 per wallet per quarter
    Safe Custody
    Small envelopes/Tamper proof bag (A5 size) N/A N/A
    Medium envelopes/Tamper proof bag (A4 size) N/A N/A
    Large envelopes/Tamper proof bag (A3 size) N/A N/A
    ACCOUNT CLOSURE / DORMANT ACCOUNTS
    Dormant account reactivation fee Free Free
    Closure of account K100 (free for deceased) K200 (free for deceased)
    Closure of account Foreign Currency K170 (free for deceased) K225 (free for deceased)
    Premature Withdrawal of Time Deposit Interest forfeited Interest forfeited
    plus Admin fee of K250 plus Admin fee of K250
    SALARY PROCESSING
    Manual – at the branch (per transaction) N/A K30per salary entry plus VAT charged
    to employer
    N/A Free
    N/A K7.50 within Zanaco.
    K15 external per salary
    (charged to employers)
    INVESTMENT IN GOVERNMENT SECURITIES
    Commission – Treasury bills 1% of discount, min K115 1% of discount, min K115
    Commission – GRZ bonds 1% of discount, min K115 1% of discount, min K115
    K80 K80
    to BOZ for T/B & bonds
    PURCHASE OF FOREIGN EXCHANGE
    Travellers Cheques N/A N/A
    Foreign currency notes Buying rate Buying rate
    Telegraphic Transfer (inward) US$4 Free
    PRODUCT/SERVICE PERSONAL CUSTOMERS MSME CUSTOMERS
    GENERAL BANKING SERVICES
    Cheque Image/Copy K70 per image/Copy K60 per image/Copy
    Counter voucher Image/Copy K60 per image/Copy K50 per image/Copy
    Outward Status Equiry except N/A K120 per customer request plus VAT
    on account opening
    Auditors Report N/A K250 per Report plus VAT
    Certification of customers’ documents K115 per copy plus VAT K115 per copy plus VAT
    Certificate of Balance K200 plus VAT K170 plus VAT
    Search fee for items 6 months to 1 year K150 per item plus VAT K100 per item plus VAT
    Search fee for items over 1 year K200 per item plus VAT K150 per item plus VAT
    Commission on Bank references K150 per customer request plus VAT K250 per customer request plus VAT
    Confirmation of Bank Accounts to K150 per customer request plus VAT K250 per customer request plus VAT
    third parties as per request
    Night Safe K100 per wallet per quarter K90 per wallet per quarter
    Safe Custody
    Small envelopes/Tamper proof bag (A5 size) N/A N/A
    Medium envelopes/Tamper proof bag (A4 size) N/A N/A
    Large envelopes/Tamper proof bag (A3 size) N/A N/A
    ACCOUNT CLOSURE / DORMANT ACCOUNTS
    Dormant account reactivation fee Free Free
    Closure of account K100 (free for deceased) K200 (free for deceased)
    Closure of account Foreign Currency K170 (free for deceased) K225 (free for deceased)
    Premature Withdrawal of Time Deposit Interest forfeited Interest forfeited
    plus Admin fee of K250 plus Admin fee of K250
    SALARY PROCESSING
    Manual – at the branch (per transaction) N/A K30per salary entry plus VAT charged
    to employer
    N/A Free
    N/A K7.50 within Zanaco.
    K15 external per salary
    (charged to employers)
    INVESTMENT IN GOVERNMENT SECURITIES
    Commission – Treasury bills 1% of discount, min K115 1% of discount, min K115
    Commission – GRZ bonds 1% of discount, min K115 1% of discount, min K115
    K80 K80
    to BOZ for T/B & bonds
    PURCHASE OF FOREIGN EXCHANGE
    Travellers Cheques N/A N/A
    Foreign currency notes Buying rate Buying rate
    Telegraphic Transfer (inward) US$4 Free
    PRODUCT/SERVICE PERSONAL CUSTOMERS MSME CUSTOMERS
    1% of the amount min K175 1% of the amount min K175
    max K 528 or USD equivalent max K 528 or USD equivalent
    plus VAT plus VAT
    SALE OF FOREIGN EXCHANGE
    Foreign currency notes Selling rate Selling rate
    Telegraphic transfer (outward) 0.75% of amount, min US$45, 0.75% of amount, min US$45,
    max US$150 or Kwacha equivalent. max US$150 or Kwacha equivalent.
    Investigating fees on Telegraphic Transfers K184.80 plus US$30 K184.80 plus US$30
    correspondent charges correspondent charges
    1% of the amount min K158.40 max 1% of the amount min K158.40 max
    K528 or USD equivalent plus VAT K528 or USD equivalent plus VAT
    K132 K132
    K132 plus US$30 K132 plus US$30
    correspondent charges correspondent charges
    Conversion from ZMW to Foreign Currency Selling rate Selling rate
    Collection charges on cheques – International N/A 1%, min K 132 max K 607.20
    or USD equivalent
    Postage Full cost plus VAT Full cost plus VAT
    LOANS & OVERDRAFTS
    applied to Customer Account at month end) USD Base Rate + Margin USD Base Rate + Margin
    Authorised Loans &
    USD Base Rate + Margin USD Base Rate + Margin
    Arrangement fees 3% min K500 3% min K600
    (new, renewal, enhancement, excess)
    Appraisal Fees for cancelled Not applicable 1% of Amount, min $100,
    max $500 or Kwacha equivalent
    Commitment fees Not applicable 1.2% of the undrawn portion if
    not fully drawn in 6 months
    K500

  • GUARANTEES
    Arrangement Fee Not applicable 2% min K550
    Bank Guarantee Not applicable 0.75% per quarter or part
    hereof min K500
    Cheque Guarantee Not applicable 0.75% per quarter or part
    thereof min K500
    Bid Bond Not applicable 0.75% per quarter or part
    thereof min K500
    Performance Bond Not applicable 0.75% per quarter or part
    thereof min K500
    Advance Payment Guarantee Not applicable 0.75% per quarter or part
    thereof min K500
    PRODUCT/SERVICE PERSONAL CUSTOMERS MSME CUSTOMERS
    Retention Bond Not applicable 0.75% per quarter or part
    thereof min K500
    Warehouse Bond Not applicable 0.75% per quarter or part
    thereof min K500
    Customs and Excise Bond Not applicable 0.75% per quarter or part
    thereof min K500
    Sealing bids Not applicable K200

  • OUTWARD LETTERS OF CREDIT – IMPORTS
    Arrangement fee on Usance L/Cs Not applicable 1.5% of the amount
    Usance L/Cs Not applicable 0.75% per quarter or part
    thereof min K686.40 Sight L/Cs
    Sight L/Cs Not applicable 0.5% per quarter or part
    thereof min K686.40
    Donor Funded L/Cs Not applicable Donor/cash covered 0.3% min K528
    Cancellation of import L/C Not applicable K528 or USD equivalent
    Closing charge under undrawn L/C Not applicable K528 or USD equivalent
    Extension of L/C expiry date validity Not applicable Ext with confirmation 0.5% of
    amount min K158.40 max K264
    Drawing commission Not applicable K13
    Amendment commission Not applicable K264 plus SWIFT charge
    or USD equivalent
    Amendment for increase in Value Not applicable 1% of the additional amount
    min K290.40
    Inland courier postage Not applicable Actual courier cost plus 50%
    thereof as handling charges
    Delivery of Documents Not applicable K100
    Other amendments Not applicable K158.40 or USD equivalent

  • INWARD LETTERS OF CREDIT – EXPORTS
    Advising Commission Not applicable K528.40 or USD equivalent
    Confirmation Commission Not applicable 0.5% per quarter or part
    thereof min K686.40
    Negotiation Commission Not applicable 0.75% per quarter or part
    thereof min K686.40 or
    USD equivalent
    Extention of L/C expiry date validity Not applicable As per initial confirmation charge
    plus K264 amendment
    Other amendments Not applicable K264 or USD equivalent
  • SWIFT charge
    Courier charge Not applicable K 528.40 or USD equivalent
    Closing charge under undrawn L/C Not applicable Outstanding charges plus closing
    charge of K264
    PRODUCT/SERVICE PERSONAL CUSTOMERS MSME CUSTOMERS
    Retention Bond Not applicable 0.75% per quarter or part
    thereof min K500
    Warehouse Bond Not applicable 0.75% per quarter or part
    thereof min K500
    Customs and Excise Bond Not applicable 0.75% per quarter or part
    thereof min K500
    Sealing bids Not applicable K200
    OUTWARD LETTERS OF CREDIT – IMPORTS
    Arrangement fee on Usance L/Cs Not applicable 1.5% of the amount
    Usance L/Cs Not applicable 0.75% per quarter or part
    thereof min K686.40 Sight L/Cs
    Sight L/Cs Not applicable 0.5% per quarter or part
    thereof min K686.40
    Donor Funded L/Cs Not applicable Donor/cash covered 0.3% min K528
    Cancellation of import L/C Not applicable K528 or USD equivalent
    Closing charge under undrawn L/C Not applicable K528 or USD equivalent
    Extension of L/C expiry date validity Not applicable Ext with confirmation 0.5% of
    amount min K158.40 max K264
    Drawing commission Not applicable K13
    Amendment commission Not applicable K264 plus SWIFT charge
    or USD equivalent
    Amendment for increase in Value Not applicable 1% of the additional amount
    min K290.40
    Inland courier postage Not applicable Actual courier cost plus 50%
    thereof as handling charges
    Delivery of Documents Not applicable K100
    Other amendments Not applicable K158.40 or USD equivalent
    INWARD LETTERS OF CREDIT – EXPORTS
    Advising Commission Not applicable K528.40 or USD equivalent
    Confirmation Commission Not applicable 0.5% per quarter or part
    thereof min K686.40
    Negotiation Commission Not applicable 0.75% per quarter or part
    thereof min K686.40 or
    USD equivalent
    Extention of L/C expiry date validity Not applicable As per initial confirmation charge
    plus K264 amendment
    Other amendments Not applicable K264 or USD equivalent
  • SWIFT charge
    Courier charge Not applicable K 528.40 or USD equivalent
    Closing charge under undrawn L/C Not applicable Outstanding charges plus closing
    charge of K264
    PRODUCT/SERVICE PERSONAL CUSTOMERS MSME CUSTOMERS
    Not applicable Based on base rate plus margin
    K264 per set of documents on
    both imports and exports
    LC document examination Not applicable K264 per set of documents on
    both imports and exports
    TENDER/PERFORMANCE/ADVANCE PAYMENT
    Issuing commission Not applicable 2% bi – annual min K729
  • SWIFT charge
    Collection Commission Export Documentary Not applicable 1% of value, min K729
  • courier charge
    Collections Not applicable K528
    Collection Commission Import Documentary Not applicable 1.5% of value, min K729
    plus courier charge
    Collections Not applicable K528
    COMPANY DEEDS REGISTRY SEARCH
    Companies Not applicable K150 plus VAT
    Societies Not applicable K100 plus VAT
    Co-operatives Not applicable K100 plus VAT
    Non-Governmental Organisations (NGOs) Not applicable K200 Plus VAT

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