IZB Forex Current

Current Account can be opened for business houses and also for individuals in US Dollar/Pound Sterling/South African Rand/Euro. Cheque book facility is available. Payments within Zambia can be made by way of FCY cheques, and the clearing of cheques are done at free of cost. With this product, we also offer VISA Chip & Pin Debit Card facility, which is ideal for businessment/employees traveling frequently outside Zambia, who can draw money from any of the VISA enabled ATMs around the world.

Sr.No. Product Name IZB Forex Current Account
1. Target Group Corporate/Non-Corporate Business Accounts
2. Account Opening
Requirement
KYC requirement as stipulated
3. Type of Account Current
4. Tenure/Tenor N/A
5. Maintenance Charges USD5.00 per month
6. Minimum Balance
Requirement
USD200/-
7. Minimum Balance Charges USD10/-
8. Ledger Fees Free
9. Cheque Book 1st 50 leaves USD15/- thereafter USD25/- per 50 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 USD 10/-
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

All other standard lending terms of the Bank shall be applicable.

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 Contactless Visa Card, SMS Alert, Mobile and Internet Banking facility.

SECURE YOUR CHILDS FUTURE WITH OUR

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 Contactless Visa  Card and is an interest bearing savings account.

SECURE YOUR CHILDS FUTURE WITH OUR

CLASSIC SAVINGS ACCOUNT

Sign up for our standard level savings account with value added features of SMS alerts, Internet Banking with the IZB Contactless Visa Card facilities and is as an interest bearing savings account.

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