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
|
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.
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