Indo Zambia Bank

Supporting You. Developing Zambia.

 
 
Announcement
 
You are here         Home   >  Service Charges
banner
 
 
Service Charges & Fee
 

banner  IZB Savings Service Charges

Charges W ef [12.02.2018] 
Sr. No. Product Name IZB SAVE
PLUS Account
IZB Classic
Savings Account
Savings (TISUNGE)  Savings (TISUNGE) Savings (TONSE)
1
 
Target Group 
 
Children (under guidance) Individual and Joint Account holders 
 
Individual and Joint Account holders/Charitable Organisations 
 
Individual and Joint Account holders/Charitable Organisations 
 
Individual and Joint Account holders
 
Individual and Joint Account holders
2
 
Account Opening Requirement 
 
KYC requirement as stipulated 
 
KYC requirement as stipulated 
 
KYC requirement as stipulated 
 
KYC requirement as stipulated  
 
KYC requirement as stipulated  
3
 
Type of Account 
 
Pure Savings 
 
Savings with cheque book facility 
 
Savings with cheque book facility 
 
Savings 
 
Savings 
4
 
Rate of Interest 
 
6% p.a payable twice-yearly 
 
2.5% p.a payable twice-yearly 
 
2.5% p.a payable twice-yearly 
 
NIL
 
NIL
5
 
Maintenance Charges 
 
Free 
 
K30/- per month 
 
K20/- per month 
 
K5/- per month
 
K5/- per month
6
 
Minimum Balance Reqrmt 
 
K1,000/- 
 
K500/- 
 
K250/- 
 
K100/- 
 
K40/- 
7
 
Minimum Balance Chrg 
 
K25/- 
 
K25/- 
  
K25/- 
 
K25/-
 
K25/-
8
 
Cheque Book charge 
 
N/A 
 
25 leaves –K 2.50 per leaf
50 leaves –K2.20 per leaf 
 
25 leaves –K 2.50 per leaf
50 leaves –K2.20 per leaf 
 
NA
 
NA
9
 
Cash Withdrawals with withdrawal slip in a cheque issued account 
 
N/A 
 
K100/- per occasion 
 
K100/- per occasion 
 
NA
 
NA
10
 
SMS Alert 
 
Free 
 
Free 
 
Free 
 
Free
 
Free
11
 
Internet Banking 
 
Free (viewing only) 
 
Free 
 
Free 
 
NA
 
NA
12
 
Monthly Statement 
 
Free once per month 
 
Free once per month 
 
On the ATM facility 
 
On the ATM facility
 
On the ATM facility
13
 
Duplicate/Interim Statement 
 
K50/- per page 
 
K50/- per page 
 
K50/- per page 
 
K50/- per page
 
K50/- per page
14
 
Transaction Fee 
 
Free 
 
Free 
 
Free
 
Free
 
Free
15
 
E-statement 
 
Available - Free 
 
Available - Free 
 
Available - Free 
 
NA
 
NA
16
 
Closure of a/c 
 
K40 
 
K40 
 
K40 
 
K40
 
K40
17
 
Cash Deposits (At any IZB Branch) 
Free
Up to K 50,000/-Free
Above K 50,000/- per
day of part thereof- K3/-
per K5,000/- ; or part
thereof Max. K150/-)
Coin deposit above K1,000/- 1%
Up to K 40,000/-Free
Above K 40,000/- per
day of part thereof- K3/-
per K5,000/- ; or part
thereof Max. K150/-)
Coin deposit above K1,000/- 1%
Up to K 20,000/-Free
Above K 20,000/- per
day of part thereof- K3/-
per K5,000/- ; or part
thereof Max. K150/-)
Coin deposit above K1,000/- 1%
Up to K 20,000/-Free
Above K 20,000/- per
day of part thereof- K3/-
per K5,000/- ; or part
thereof Max. K150/-)
Coin deposit above K1,000/- 1%
18
 
Cash withdrawal Charge (at any IZB branch) 
 
Free (Withdrawals limited to one per month) 
 
K50/- per withdrawal over the counter 
 
K50/- per withdrawal over the counter 
 
K50/- per withdrawal over the counter
 
K50/- per withdrawal over the counter
19
 
Issuance of Deposit Book 
 
Free 
 
K30/- per book 
 
K30/- per book 
 
K30/- per book 
 
K30/- per book 
20
 
IZB Visa Chip Debit Card - Charges 
i. Issuance Fee-
K30/-
ii. Monthly Fee-Free
iii. Renewal of Card
- Free
iv. Card
Replacement -
v. K100/- per card.
vi. PIN
Regeneration-
K20/- per
generation.
i. Issuance Fee-
K30/-
ii. Monthly Fee-Free
iii. Renewal of Card
- Free
iv. Card
Replacement -
v. K100/- per card.
vi. PIN
Regeneration-
K20/- per
generation.
i. Issuance Fee-
K30/-
ii. Monthly Fee-Free
iii. Renewal of Card
- Free
iv. Card
Replacement -
v. K100/- per card.
vi. PIN
Regeneration-
K20/- per
generation.
i. Issuance Fee-
K30/-
ii. Monthly Fee-Free
iii. Renewal of Card
- Free
iv. Card
Replacement -
v. K100/- per card.
vi. PIN
Regeneration-
K20/- per
generation.
i. Issuance Fee-
K30/-
ii. Monthly Fee-Free
iii. Renewal of Card
- Free
iv. Card
Replacement -
v. K100/- per card.
vi. PIN
Regeneration-
K20/- per
generation.
21
 
IZB ATMs 
 
i. Cash
Withdrawals-K6/-
ii. Balance Enquiry-
Free
iii. Mini Stmnts - K3/- 
 
i. Cash
Withdrawals-K6/-
ii. Balance Enquiry-
Free
iii. Mini Stmnts - K3/- 
 
i. Cash
Withdrawals-K6/-
ii. Balance Enquiry-
Free
iii. Mini Stmnts - K3/- 
 
i. Cash
Withdrawals-K6/-
ii. Balance Enquiry-
Free
iii. Mini Stmnts - K3/- 
 
i. Cash
Withdrawals-K6/-
ii. Balance Enquiry-
Free
iii. Mini Stmnts - K3/- 
22
 
Other Bank’s VISA enabled ATMS in Zambia 
 
i. Cash Withdrawal
-K12/-
ii. Balance Enquiry
– K 3/- 
 
i. Cash Withdrawal
-K12/-
ii. Balance Enquiry
– K 3/- 
 
i. Cash Withdrawal
-K12/-
ii. Balance Enquiry
– K 3/- 
 
i. Cash Withdrawal
-K12/-
ii. Balance Enquiry
– K 3/- 
 
i. Cash Withdrawal
-K12/-
ii. Balance Enquiry
– K 3/- 
 
23
 
Other Banks VISA enabled ATMs  (abroad) 
 
i. Cash Withdrawal
– K25/-
ii. Balance Enquiry
– K10/- 
 
i. Cash Withdrawal
– K25/-
ii. Balance Enquiry
– K10/- 
 
i. Cash Withdrawal
– K25/-
ii. Balance Enquiry
– K10/- 
 
i. Cash Withdrawal
– K25/-
ii. Balance Enquiry
– K10/- 
 
i. Cash Withdrawal
– K25/-
ii. Balance Enquiry
– K10/- 
24
 
Visa Dispute Fee 
 
$40
 
$40
 
$40
 
$40
 
$40
25
 
ATM Cash Withdrawal Limit per day (at IZB ATM / other ATM) 
 
K5,000 per day
(subject to balance
available in account)
 
K5,000 per day
(subject to balance
available in account)
 
K5,000 per day
(subject to balance
available in account)
 
K5,000 per day
(subject to balance
available in
account) 
 
K5,000 per day
(subject to balance
available in
account) 
26
 
Purchase transaction Limit per day 
 
K10,000 per day
(subject to balance
available in account)
 
K10,000 per day
(subject to balance
available in account)
 
K10,000 per day
(subject to balance
available in account)
 
K10,000 per day
(subject to balance
available in account)
 
K10,000 per day
(subject to balance
available in account)
27
 
Online Payment Limit per day 
 
K3,000 per day (subject to bal available in a/c) 
 
K3,000 per day (subject to bal available in a/c)
 
K3,000 per day (subject to bal available in a/c)
 
K3,000 per day (subject to bal available in a/c)
 
K3,000 per day (subject to bal available in a/c)
28
 
Return of cheques 
 
NA 
 
For financial reasons (Refer to Drawer) K 510/- per cheque For other reasons - K 60/- per cheque
 
For financial reasons (Refer to Drawer) K 510/- per cheque For other reasons - K 60/- per cheque
 
NA
 
NA
29
 
Stop Payment Instructions 
 
NA 
 
K250/- per occasion 
 
K250/- per occasion 
 
NA
 
NA

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 
 
 
Balance confirmation charges
 
K150/- per certificate 
 
 
Authentication/Authorisation/Verification
of other documents
 
K50/- per document for confirmation/ authorization
/verification of documents 
 
 
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 
 
 
Dormant Account
 
Free 
 
 
Reactivation of Account (only if closed within last 6 months)
 
Free 
 
 
Photocopies at customer’s request
 
K 10/- per page 
 
 
ZRA Online Tax Payment
 
K25/- per certificate 
 
 
Next