IZB Privilege Current Account

This is a business current account offering premier business banking solutions and services designed specifically to meet business operation needs including concessions on service charges

WEF: 12.02.2018
Sr.No. Product Name IZB PRIVILEDGE CURRENT ACCOUNT
1 Target Group Individual/ Business accounts, Parastatals, Limited Companies, Partnership firms, Proprietorship firms, Trusts, Association of persons registered societies.
2 Account Opening Requirement KYC requirement as stipulated
3 Type of Account IZB – PRV
4 Rate of Interest 2% p.a (on amounts above the average monthly balance of K200,000 & a minimum balance of K100,000 is maintained during the entire month). Interest credit to the account on quarterly basis.
5 Maintenance Charges Free
6 Minimum Balance Requirement K200,000 and above, with minimum balance of K100,000 at any time
7 Minimum Bal Charge K 150/- per occasion
8 Cheque Book charge Free
9 SMS Alert Available – Free
10

Internet Banking

i) Password reset

Free for a max. of 2 users. K120/-  per annum–for 3rd user or more.
K25/- per occasion
11 Monthly Statement Free – once a month
12 Duplicate/Interim Statement K50/- per page per occasion
13 Transaction Fee Free 15 entries thereafter K3.00 per entry
14 E-statement Available – Free
15 Cash withdrawal with withdrawal slip in cheque issued account K100/- per occasion
16 Issuance of Deposit Book Free
17 IZB ATMs
i) Cash Withdrawals
ii) Balance Enquiry
iii) Mini Statements
K 6/-
Free
K 3/-
18 Other Bank’s VISA enabled ATMS in Zambia
i) Cash Withdrawal
ii) Balance Enquiry
K12/-
K5/-
19 Other Banks VISA enabled ATMs (abroad)
i) Cash Withdrawal
ii) Balance Enquiry
K25/-
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 balance available in account)
23 Online payment Limit per day K3,000 per day (subject to balance available in account)
24 Return of cheques
a) Individual
i) For financial reasons (Refer to Drawer)
ii) For other reasons
b) Corporate A/ct
i) For financial reason
ii) For other reasons
K 510 – per cheque
K 60 – per cheque
K840/- per cheque
K60/- per cheque
25 Stop Payment Instns ZMW 250/- per occasion
Sr.No. Nature Charges
1.
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 K100/- plus VAT [Free 3 cheques per month (Non commutation) for IZB-PRV only] K 50/- K 75/- K 100/- Free K 40/- per transaction K25/- per transaction K 50/- per transfer
2.
Balance confirmation charges K150/- per certificate
3.
Authentication/ Authorisation/ Verification of other documents K50/- per document for confirmation/ authorization /verification of documents
4.
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
5.
Dormant Account Free
6.
Reactivation of Account (only if closed within last 6 months) Free
7.
Photocopies at customer’s request K 10/- per page
8.
Request for retrieval of paid cheques K 100/- per cheque
9.
Drawal against un-cleared effects 1.5% (min. K200/-)
10.
Tracers K150/-
11.
Status Report/ Bankers enquiry/ Reference letter K150/- per enquiry
12.
Search Fees K150/-
13.
ZRA Online Tax Payment K25/- per certificate

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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.

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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.

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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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