• Call Us+260 211 224 653 / 225 080
  • Email at izb@izb.co.zm
banner

IZB Forex Savings

Savings accounts can be opened for individuals in US Dollar/Pound Sterling/South African Rand/Euro. Cheque book facility is an option available. With this product, we also offer VISA Chip & Pin Debit Card facility, which is ideal for businessment/employees travelling frequently outside Zambia, who can draw money from any of the VISA enabled ATMs around the world

WEF: 12.02.2018 
Sr.No. Product Name IZB Forex Savings Account
1. Target Group Individual and Joint Account holders
2. Account Opening
Requirement
KYC requirement as stipulated
3. Type of Account Savings
4. Tenure/Tenor N/A
5. Maintenance Charges USD2.50 per month
6. Minimum Balance
Requirement
NIL
7. Minimum Balance Charges N/A
8. Ledger Fees Free
9. Cheque Book 1st 25 leaves free - thereafter USD15/- per 25 leaves
10. SMS Alert Free
11. Internet Banking Free
12. Life Cover Facility N/A
13. Monthly Statement Free - once a month thereafter USD5/- per occasion
14. E-statement Free
15. Closure of account Available - Free
16. Cash Deposits (At any IZB Branch) Free 3% of value if deposits in lower denominations(≤USD20)
17. Cash Withdrawal Charges (at any IZB branch) 0.50% (Min USD5/-, Max USD50/-)
18. Issuance of Deposit Book USD5.00 per book
19. Transaction Fee Free
20. IZB Visa Chip Debit Card
i) Issuance charge
ii) Monthly  Fee
iii) Renewal of Card Charges
iv) Card Replacement Charges
v) PIN Regeneration IZB ATMs
i) Cash Withdrawals (in kwacha)
ii) Balance Enquiry
iii) Mini Statements Other Bank’s VISA enabled ATMS in Zambia
i) Cash Withdrawal ( in kwacha)
ii) Balance Enquiry   Other Banks VISA enabled ATMs (abroad)
i) Cash Withdrawal ( In Dollars)
ii) Balance Enquiry Visa Dispute Fee ATM Cash Withdrawal Limit per day (at IZB ATM/other Bank ATM) ATM Cash Withdrawal Limit per day (at VISA enabled ATMs abroad)
Purchase transaction Limit per day Online Payment Limit per day
USD5/-
Free
Free
USD10/-  per replacement
USD2.50 per regeneration   USD0.60
Free
USD0.50   USD2.00
USD0.50     USD5.00
USD1.50 $40 USD300/- per day (subject to balance available in account) USD500/- per day (subject to balance available in account) USD1,000/- per day (subject to balance available in account) USD100/- per day (subject to balance available in account)
21. Balance confirmation charges USD5/- per certificate 
22. Authentication/Authorisation/Verification of other documents USD2.50 per document for confirmation/ authorization  /verification of documents
23. Standing Order Charges
  • Setting up charges
  • Processing (internal) intra-bank
  • Processing (external) Inter-bank
  • Amendment
USD5/- USD2.50/- per transaction USD3/- per transaction
USD5/- per transaction
24. Dormant Account Free
25. Reactivation of Account (only if closed within last 6 months) Free
26. Photocopies at customer’s request USD 0.50 per page

Sr.No. Rate of Interest
Savings
Rate of Interest
Current
1. UPTO USD5,000 Nil UPTO USD25,000
Nil
2. USD 5001 TO USD10,000 0.25% USD 25,001 TO
USD 50,000
0.25%
3. USD10,001 TO USD50,000 0.50% USD50,001 AND ABOVE
0.60%
4. USD50,001 AND ABOVE 0.60%  
 

Sr.No. Rate of Interest
Savings
Rate of Interest
Current
1. UPTO GBP5,000 Nil UPTO GBP5,000
Nil
2. GBP 5001 TO USD 25,000 0.25% GBP 5001 TO USD 25,000
0.25%
3. GBP 25,001 AND ABOVE 0.50% GBP 25,001 AND ABOVE
0.50%

Sr.No. Rate of Interest
Savings
Rate of Interest
Current
1. UPTO TO EUR 5,000 Nil UPTO EUR 5,000
Nil
2. EUR 5001 TO EUR 25,000 0.25% EUR 5001 TO EUR 25,000
0.25%
3. EUR 25,001 TO EUR 50,000 0.45% EUR 25,001 TO EUR 50,000
0.40%
4. EUR 50,001 AND ABOVE 0.55% EUR 50,001 AND ABOVE
0.50%

Sr.No. Rate of Interest
Savings
Rate of Interest
Current
1. UPTO ZAR 50,000 Nil UPTO ZAR 50,000
Nil
2. ZAR 50,001 TO ZAR 200,000 0.50% ZAR 50,001 TO ZAR 200,000
0.50%
3. ZAR 200,001 TO ZAR 500,000 1.25% ZAR 200,001 TO ZAR 500,000
1.00%
4. ZAR 500,001 AND ABOVE 1.50% ZAR 500,001 AND ABOVE
1.25%