Ecocash Calculator, Fees And Limits August

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 RegisteredBill PaymentPay Merchant
Lower Value ($)Upper Value ($)IMT (%)Lower Value Tax($)Upper Value Tax($)Ecocash Tariff($)Ecocash Tariff($)Ecocash Tarrif($)
1.009.9900.000.000.681.030.89
10.0019.9900.000.001.421.441.45
20.0029.9900.000.002.101.762.06
30.0039.9900.000.002.632.463.17
40.0049.9900.000.003.933.374.19
50.0074.9900.000.005.314.685.69
75.0099.9900.000.005.896.177.53
100.00149.9900.000.008.017.767.61
150.00199.9900.000.0011.068.579.21
200.00299.9900.000.0013.529.7510.41
300.00499.9920.000.0017.8715.3110.86
500.00999.99210.0019.9934.4319.9933.79
1000.001499.99220.0029.9952.3146.8849.31
1500.001999.99230.0039.9973.4865.0070.72
2000.002499.99240.0049.9891.8581.2587.30
2500.002999.99250.0059.99110.2197.50103.4
3000.005000.00260.00100.001.91%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

BankMinimum Amount (ZWL$)Charge for the transacted amount
First Capital50.003%
ZB Bank30.002%
Agribank2%
NBS40.002.5%
POSB40.002.5%
Ecobank
FBC3%
CBZ10.005%
BancABC10.002.5%
Stanbic Bank50.002%
Steward Bank
NMB20.002.5%
CABS100.002%
Nedbank30.001.5%
  • Based on information ascertained by Techzim.

Other charges and limits

 TransactionLowerUpper ValueFees
Cash In1500 Free
Send Money to Registered Customer15000 See Above
Send Money to Non Registered Customer1500 See Above
Merchant Payments110 000See Above
Bill Payments110 000See Above
Cash Out Unregistered1500 Free
Airtime Top-Up2500 Free
Airtime2500Free
Balance EnquiryN/AN/A1.50
Account HistoryN/AN/A1.50
Change PINN/AN/AFree
Bank to Wallet11000Free
Bank Balance EnquiryN/AN/A1.50
Bank StatementN/AN/A1.50

Monthly And Daily Limits

Customer CategoryMonthly Limits Daily Limits 
 Old LimitNew LimitOld LimitNew Limit
Customers linked to Bank/Debit Card20 00020 0005 0005 000
Customers linked to a Debit Card35 00035 00010 00010 000
Customers linked to a Bank150 000100 00025 00020 000
Executive Grade250 000250 00030 00030 000
Farmers Grade300 000100 00050 00020 000

More: Techzim

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