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IZB Save Plus Account

Exclusively designed savings account to inculcate savings habits in parents and guardians for their children. This savings account offers attractive interest rates and other benefits to realize your savings goals with other value added features such as IZB Visa Chip & Pin Debit Card, SMS Alert, Mobile and Internet Banking facility.

WEF: 12.02.2018     
Sr.No. Product Name IZB Save Plus Account
1 Target Group Children (under guidance) Individual and Joint Account holders
2 Account Opening Requirement KYC requirement as stipulated
3 Type of Account Pure Savings
4 Rate of Interest 6% p.a payable twice-yearly
5 Maintenance Charges Free
6 Minimum Balance Reqrmt K1,000/-
7 Minimum Balance Charge K25/-
8 Cheque Book charge N/A
9 Cash Withdrawals with withdrawal
slip in a cheque issued account
N/A
10 SMS Alert Free
11 Internet Banking Free (viewing only)
12 Monthly Statement Free once per month
13 Duplicate/Interim Statement K50/- per page
14 Transaction Fee Free
15 E-statement Available - Free
16 Issuance of Deposit Book Free
17 IZB ATMs Cash Withdrawals-K6/-
Balance Enquiry-Free
Mini Stmnts – K3/-
18 Other Bank’s VISA enabled ATMS in
Zambia
Cash Withdrawal -K12/-
Balance Enquiry –
K 3/-
19 Other Banks VISA enabled ATMs (abroad) Cash Withdrawal – K25/-
Balance Enquiry – K10/-
20 Visa Dispute Fee $40
21 ATM Cash Withdrawal Limit per day
(at IZB ATM / other ATM)
K5,000 per day (subject to balance available in account)
22 Purchase transaction Limit per day K10,000 per day (subject to bal available in a/c)
23 Online Payment Limit per day K3,000 per day (subject to bal available in a/c)
24 Return of cheques NA
25 Stop Payment Instructions NA

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
K 100/- plus VAT
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.
ZRA Online Tax Payment K25/- per
certificate