Below are August fees, and charges for Ecocash, Zimbabwe’s largest mobile phone-based money transfer, financing and microfinancing service.
Ecocash Fees
| Bands |
|
IMT Tax |
|
|
Send Registered |
Bill Payment |
Pay Merchant |
| Lower Value ($) |
Upper Value ($) |
IMT (%) |
Lower Value Tax($) |
Upper Value Tax($) |
Ecocash Tariff($) |
Ecocash Tariff($) |
Ecocash Tarrif($) |
| 1.00 |
9.99 |
0 |
0.00 |
0.00 |
0.68 |
1.03 |
0.89 |
| 10.00 |
19.99 |
0 |
0.00 |
0.00 |
1.42 |
1.44 |
1.45 |
| 20.00 |
29.99 |
0 |
0.00 |
0.00 |
2.10 |
1.76 |
2.06 |
| 30.00 |
39.99 |
0 |
0.00 |
0.00 |
2.63 |
2.46 |
3.17 |
| 40.00 |
49.99 |
0 |
0.00 |
0.00 |
3.93 |
3.37 |
4.19 |
| 50.00 |
74.99 |
0 |
0.00 |
0.00 |
5.31 |
4.68 |
5.69 |
| 75.00 |
99.99 |
0 |
0.00 |
0.00 |
5.89 |
6.17 |
7.53 |
| 100.00 |
149.99 |
0 |
0.00 |
0.00 |
8.01 |
7.76 |
7.61 |
| 150.00 |
199.99 |
0 |
0.00 |
0.00 |
11.06 |
8.57 |
9.21 |
| 200.00 |
299.99 |
0 |
0.00 |
0.00 |
13.52 |
9.75 |
10.41 |
| 300.00 |
499.99 |
2 |
0.00 |
0.00 |
17.87 |
15.31 |
10.86 |
| 500.00 |
999.99 |
2 |
10.00 |
19.99 |
34.43 |
19.99 |
33.79 |
| 1000.00 |
1499.99 |
2 |
20.00 |
29.99 |
52.31 |
46.88 |
49.31 |
| 1500.00 |
1999.99 |
2 |
30.00 |
39.99 |
73.48 |
65.00 |
70.72 |
| 2000.00 |
2499.99 |
2 |
40.00 |
49.98 |
91.85 |
81.25 |
87.30 |
| 2500.00 |
2999.99 |
2 |
50.00 |
59.99 |
110.21 |
97.50 |
103.4 |
| 3000.00 |
5000.00 |
2 |
60.00 |
100.00 |
1.91% |
1.85% |
1.85% |
- The 2% IMT tax now only applies to transactions above $500 ZWL
- Transaction values are still capped at $5 000 ZWL
- However, you can do up to 7 of these transactions per week
- This means the weekly limit is $35 000 ZWL
- Wallet to bank charges are below
NB
- Cash-in is FREE
- Send Money Max $5 000 ZWL per transaction and $35 000 ZWL per week
- Pay Merchant Max $5 000 ZWL per transaction
- Transactions for less than $1 are FREE
- Balance Inquiry $1.50 ZWL
- Bank To Wallet is Free
- Request Bank Balance $1.50 ZWL
- Request Bank Statement $1.50 ZWL
Bank To Wallet
| Bank |
Minimum Amount (ZWL$) |
Charge for the transacted amount |
| First Capital |
50.00 |
3% |
| ZB Bank |
30.00 |
2% |
| Agribank |
– |
2% |
| NBS |
40.00 |
2.5% |
| POSB |
40.00 |
2.5% |
| Ecobank |
– |
– |
| FBC |
– |
3% |
| CBZ |
10.00 |
5% |
| BancABC |
10.00 |
2.5% |
| Stanbic Bank |
50.00 |
2% |
| Steward Bank |
– |
– |
| NMB |
20.00 |
2.5% |
| CABS |
100.00 |
2% |
| Nedbank |
30.00 |
1.5% |
- Based on information ascertained by Techzim.
Other charges and limits
| Transaction |
Lower |
Upper Value |
Fees |
| Cash In |
1 |
500 |
Free |
| Send Money to Registered Customer |
1 |
5000 |
See Above |
| Send Money to Non Registered Customer |
1 |
500 |
See Above |
| Merchant Payments |
1 |
10 000 |
See Above |
| Bill Payments |
1 |
10 000 |
See Above |
| Cash Out Unregistered |
1 |
500 |
Free |
| Airtime Top-Up |
2 |
500 |
Free |
| Airtime |
2 |
500 |
Free |
| Balance Enquiry |
N/A |
N/A |
1.50 |
| Account History |
N/A |
N/A |
1.50 |
| Change PIN |
N/A |
N/A |
Free |
| Bank to Wallet |
1 |
1000 |
Free |
| Bank Balance Enquiry |
N/A |
N/A |
1.50 |
| Bank Statement |
N/A |
N/A |
1.50 |
Monthly And Daily Limits
| Customer Category |
Monthly Limits |
|
Daily Limits |
|
| |
Old Limit |
New Limit |
Old Limit |
New Limit |
| Customers linked to Bank/Debit Card |
20 000 |
20 000 |
5 000 |
5 000 |
| Customers linked to a Debit Card |
35 000 |
35 000 |
10 000 |
10 000 |
| Customers linked to a Bank |
150 000 |
100 000 |
25 000 |
20 000 |
| Executive Grade |
250 000 |
250 000 |
30 000 |
30 000 |
| Farmers Grade |
300 000 |
100 000 |
50 000 |
20 000 |
More: Techzim
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