SME Current Account

This is a current account specifically designed to suport the business banking needs of Small and Medium Scale Enterprise.

  • SMS alert facility.
  • Internet banking.
  • Cheque book facility.
  • Free e-statement.
  • Foreign exchange services.
  • Overdraft.
  • Bank guarantee facility.
  • Lease rentals discounting.
  • Bank certified cheques.
  • Asset financing.
  • Term loans.
  • Letters of credit.
  • Remittances (RTGS/DDACC).
  • Investment in securities.
  1. Certificate of registration (Ent) or Certification of Incorporation (Co.).
  2. List of Directors (Form II for Enterprises).
  3. List of Directors (From v for Company).
  4. Articles of Association (Company).
  5. Resolution of Board of Directors to open Account.
  6. Share Certificate (Company).
  7. Copy of Declaration of Consent to Act as Director (Company).
  8. Identification document of the Directors with two passport size photos, Copy of NRC/Valid Passport for each signatory.
  9. Introductory letter from a good current account holder which has been in operation for six months.
  10. Copy of latest annual Returns to the Registrar of Companies.
  11. Utility bill water, electricity, telephone etc in the name of the company of Lease. Agreement on the physical premises of the        company.
  12. Employment/Residential permit in case of Foreign Nationals.
  13. K300 minimum balance.
  14. T-Pin
  • IZB SME Current Account
  • Remittances (Kwacha)
Sr.no Product Name IZB SME CURRENT ACCOUNT
1 Target Group SME/Individuals
2 Account Opening Requirement KYC requirement as stipulated
Nature Charges
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
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

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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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