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  • Email at izb@izb.co.zm

IZB Privilege Savings Account

This savings account comes with a cheque book facility I addition to other features such as SMS Alerts, Internet Banking and the IZB Visa Chip & Pin Debit Card and is an interest bearing savings account

WEF: 12.02.2018    
Sr.No. Product Name IZB Privilege Savings Account
1 Target Group Individual and Joint Account holders/Charitable
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 K30/- per month
6 Minimum Balance Reqrmt K500/-
7 Minimum Balance Charge K25/-
8 Cheque Book charge 25 leaves –K 2.50 per leaf
50 leaves –K2.20 per leaf
9 Cash Withdrawals with withdrawal
slip in a cheque issued account
K100/- per occasion
10 SMS Alert Free
11 Internet Banking Free
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 K30/- per book
17 IZB ATMs Cash Withdrawals-K6/-
Balance Enquiry-Free
Mini Stmnts – K3/-
18 Other Bank’s VISA enabled ATMS in
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  

For financial reasons (Refer to Drawer) K 510/- per cheque
For other reasons - K 60/- per cheque

25 Stop Payment Instructions K250/- per occasion

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

(only if closed within
last 6 months)
Photocopies at customer’s request K 10/- per page
ZRA Online Tax Payment K25/- per