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IZB Classic Current Account

This standard business current account is designed to support the banking needs of the business fraternity.

WEF: 12.02.2018    
Sr.No. Product Name IZB Classic Current Account
1 Target Group Corporate/non-corporate/ Business a/cs
2 Account Opening Requirement KYC requirement as stipulated
3 Type of Account Current
4 Rate of Interest N/A
5 Maintenance Charges K100/- per month
6 Minimum Balance Requirement K500/-
7 Minimum Bal Charge N/A
8 Cheque Book charge i. 50 leaves     - K 3.50 per leaf
ii. 100 leaves – K 2.00 per leaf
iii. 200 leaves – K 1.50 per leaf
9 SMS Alert Free – (Limited to one mobile number)
10 Internet Banking

i) Password reset

Free for max. of 2 users. K120/- per annum for 3rd user or more
K25/- per occasion
11 Monthly Statement Free – once a month
12 Duplicate/Interim Statement K50/- per page per occasion
13 Transaction Fee Free  
14 E-statement Free
15 Cash withdrawal with withdrawal slip in cheque issued account K100/- per occasion
16 Issuance of Deposit Book K50/- per book
17 IZB ATMs
i) Cash Withdrawals
ii) Balance Enquiry
iii) Mini Statements
K 6/-
Free
K 3/-
18 Other Bank’s VISA enabled ATMS in Zambia
i) Cash Withdrawal
ii) Balance Enquiry
K12/-
K5/-
19 Other Banks VISA enabled ATMs (abroad)
i) Cash Withdrawal
ii) Balance Enquiry
K25/-
K10/-
20 Visa Dispute Fee $40
21 ATM Cash Withdrawal Limit per day (at IZB ATM / other ATM) K5000/- per day (subject to balance available in account)
22 Purchase transaction Limit per day K10,000 per day (subject to balance available in account)
23 Online payment Limit per day K3,000 per day (subject to balance available in account)
24 Return of cheques
a) Individual
i) For financial reasons (Refer to Drawer)
ii) For other reasons
b) Corporate A/ct
i) For financial reason
ii) For other reasons
K 510 - per cheque
K 60 – per cheque
K840/- per cheque
K60/- per cheque
25 Stop Payment Instns K 250/- per occasion

Sr.No.
Nature
Charges
1.
Remittances (Kwacha)
(a) Banker’s cheque
(b) Cancellation of Banker’s cheque
(c) Issuance of duplicate Banker’s
cheques in lieu of lost cheque
(d) Cancelling of lost
Banker’s cheque
ii) Other remittances
a) Within IZB branches
b) Other Banks (RTGS)
iii) DDACC
iv) Transfer of funds on
closure of account

K100/- plus VAT [Free 3
cheques per month
(Non commutation) for IZB-PRV only]
K 50/-
K 75/-

K 100/-

Free
K 40/- per transaction
K25/- per transaction
K 50/- per transfer
2.
Balance confirmation
charges
K150/- per certificate
3.
Authentication/
Authorisation/
Verification of other
documents
K50/- per document for
confirmation/ authorization
/verification of documents
4.
Standing Order Charges
i) Setting up charges
ii) Processing
(internal) intra-bank
iii) Processing
(external) Inter-bank
iv) Amendment

K50/-
K20/- per transaction
K40/- per transaction
K50/- per transaction
5.
Dormant Account Free
6.
Reactivation of Account
(only if closed
within last 6 months)
Free
7.
Photocopies at
customer’s request
K 10/- per page
8.
Request for retrieval
of paid cheques
K 100/- per cheque
9.
Drawal against
un-cleared effects
1.5% (min. K200/-)
10.
Tracers K150/-
11.
Status Report/
Bankers enquiry/
Reference letter
K150/- per enquiry
12.
Search Fees K150/-
13.
ZRA Online
Tax Payment
K25/- per certificate