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Steward Bank restricts MasterCard Debit card, can only work if it is pre-funded using Cash

Just after EcoCash announced that it was canceling its MasterCard online payments service, Steward Bank has announced that the Steward Bank MasterCard Debit card will only work on the condition that it is prefunded with cash. Here is the notice from Steward

Dear valued customers

Due to the foreign currency challenges, the bank will be implementing international limit restrictions on Steward Bank MasterCard Debit card. Consequently, with effect from the 16th of August 2017, customers will only be able to access value on the debit card against pre-funding in foreign currency and cash in bond notes, up to the monthly limit of $10,000. Customers can load value on their cards in any of their branches. All local transactions will not be affected.

We sincerely apologise for the inconvenience caused which, unfortunately, is beyond our control. We assure all our valued customers that this position will be under constant review in accordance with prevailing market conditions.

More: TechZim

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