IZB Classic Savings Account
This is a standard level savings account with value added
features of SMS alerts, Internet Banking with the IZB Visa Chip & Pin Debit Card facilities and is as an interest bearing savings account.
- Attractive interest rates.
- Internet banking.
- Free monthly statement.
- IZB contactless visa card.
- Free sms alert.
- Free balance enquiry on IZB atm.
- Electronic funds transfer.
- Mobile banking facility.
- Account opening application form.
- One reference (applicant’s employer or account holder of Indo -Zambia Bank maintaining a good account with us).
- Copy of NRC/Valid Passport or Driver’s Licence.
- Two recent passport size photographs.
- Proof of residence i.e. latest utility bill (Water, Electricity, Telephone etc).
- Initial cash deposit of K250.00.
- T-Pin
| Sr.No. | Product Name | IZB Forex Current Account |
|---|---|---|
| 1. | Target Group | Individual and Joint Account holders/Charitable Organisations |
| 2. | Account Opening Requirement | KYC requirement as stipulated |
| 3. | Type of Account | Savings with cheque book facility |
| 4. | Rate of Interest | 2.5% p.a payable twice-yearly |
| 5. | Maintenance Charges | K20/- per month |
| 6. | Maximum Balance | NA |
| 7. | Minimum Balance Requirment | K250/- |
| 8. | Minimum Balance Charge | K25/- |
| 9. | Cheque Book | 25 leaves –K 4.00 per leaf 50 leaves –K2.50 per leaf |
| 10. | SMS Alert | Free |
| 11. | Monthly Statement | Free once per month |
| 12. | Duplicate/Interim Statement | K50/- per page |
| 13. | Transaction Fee | Free |
| 14. | E-statement | Available – Free |
| 15. | Closure of account | Free |
| 16. | Cash Deposits (At any IZB Branch) | Free |
| 17. | Cash Withdrawal Charges (at any IZB branch) Note: Savings account holders who do not qualify for Debit card such as churches, NGO’s, etc are exempted from this service charge. | i)K50/- within ii)Free above |
| 18. | Issuance of Deposit Book | K30/- per book |
| 19. | IZB Visa Chip Debit Card – Charges i) Issuance charge i) Cash Withdrawals (in kwacha) Other Bank’s VISA enabled ATMS in Zambia
Other Banks VISA enabled ATMs (abroad) i) Cash Withdrawal ii) Balance Enquiry Visa Dispute Fee
| Free
K100/- per card
K8/-
K15/-
K35/- K10/- Free, however, if the matter goes for arbitration, appropriate fees shall apply on a cost recovery basis. |
| 20. | Return of cheques | For financial reasons (Refer to Drawer) K 510/- per cheque For other reasons – Free |
| 21. | Stop Payment Instructions | K250/- per occasion |
| 22. | Remittances (Kwacha)
| K 100/- plus VAT K 50/- K 75/- K 100/- Free K 55/- per transaction K 40/- per transaction K25/- per transaction K10/- per transaction K 50/- per transfer |
| 23. | Balance confirmation charges | K200/- per certificate |
| 24. | Authentication/Authorisation/Verification of other documents (only if closed within last 6 months) | K50/- per document for confirmation/ authorization /verification of documents |
| 25. | Standing Order Charges i) Setting up charges ii) Processing (internal) intra-bank iii) Processing (external within Zambia) Inter-bank iv) Amendment | K50/- K20/- per transaction K25/- per transaction Free |
| 26. | Dormant Account | Free |
| 27. | Reactivation of Account (only if closed within last 6 months) | Free |
| 28. | Photocopies at customer’s request | K 10/- per page |
| 29. | Request for retrieval of paid cheque, deposit slip, transfer request or any Bank record. | K 200/- per instrument |
| 30. | Reference letter | K50/- per letter |
| 31. | NAPSA Online Payment | Free |
Learn More From Your Financial Advisor.
SECURE YOUR CHILDS FUTURE WITH OUR
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.
