Classic Current Account

This standard business current account is designed to support the banking needs of the business fraternity. Grow your business with the right set of tools, provided specifically for your progress.

Certificate of registration (Ent) or Certification of Incorporation (Co.).
List of Directors (Form II for Enterprises).
List of Directors (From v for Company).
Articles of Association (Company).
Resolution of Board of Directors to open Account.
Share Certificate (Company).
Copy of Declaration of Consent to Act as Director (Company).
Identification document of the Directors with two passport size photos, Copy of NRC/Valid Passport for each signatory.
Introductory letter from a good current account holder which has been in operation for six months.
Copy of latest annual Returns to the Registrar of Companies.
Utility bill water, electricity, telephone etc in the name of the company of Lease. Agreement on the physical premises of the company.
Employment/Residential permit in case of Foreign Nationals.
K500 minimum balance\
T-Pin

Sr.No.	Product Name	IZB Forex Current Account
1.	Target Group	Corporate/non-corporate/ Business a/cs
2.	Account Opening Requirement	KYC requirement as stipulated
3.	Type of Account	Current
4.	Rate of Interest	N/A
5.	Maintenance Charges	K100/- per month
6.	Maximum Balance	NA
7.	Minimum Balance Requirment	K500/-
8.	Minimum Balance Charge	N/A
9.	Cheque Book	i. 50 leaves – K3.50 per leaf ii. 100 leaves – K2.25 per leaf iii. 200 leaves – K2.25 per leaf
10.	Internet Banking i) Password reset	K120/- per annum K25/- per occasion
10.	SMS Alert	Free – (Limited to one mobile number)
11.	Monthly Statement	Free once per month
12.	Duplicate/Interim Statement	K50/- per page per occasion
13.	Transaction Fee	Free
14.	E-statement	Free
15.	Closure of account	N/A
16.	Cash Deposits (At any IZB Branch)	i) Free up to K 100,000/- ii)Above K 100,000/- per day of part thereof K5/- per K10,000/-; or part thereof Max. K 100/-)
17.	Cash Withdrawal Charges (at any IZB branch)	Free
18.	Issuance of Deposit Book	K50/- per book
19.	IZB Visa Chip Debit Card – Charges i) Issuance charge ii) Monthly Fee iii) Renewal of Card Charges iv) Card Replacement / Uncollected card beyond 90 days – Classic – Gold – Platinum v) PIN Regeneration IZB ATMs i) Cash Withdrawals (in kwacha) ii) Balance Enquiry iii) Mini Statements Other Bank’s VISA enabled ATMS in Zambia i) Cash Withdrawal ( in kwacha) ii) Balance Enquiry Other Banks VISA enabled ATMs (abroad) i) Cash Withdrawal ii) Balance Enquiry Visa Dispute Fee	Free Free Free K100/- per replacement K125/- per replacement K150/- Free K8/- Free K3/- K15/- K 3/- K35/- K10/- Free, however, if the matter goes for arbitration, appropriate fees shall apply on a cost recovery basis.
20.	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 Free K840/- per cheque Free
21.	Stop Payment Instructions	K 250/- per occasion
22.	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) RTGS – Manual c) RTGS – Electronic d) DDACC – Manual e) DDACC – Electronic iii) Transfer of funds on closure of account	K100/- plus VAT [Free 3 cheques per month (Non commutation) for IZB-PRV only]T K 50/- K 75/- K 100/- Free K 55/- per transaction K 40/- per transaction K25/- per transaction K10/- per transaction K 50/- per transfer
23.	Balance confirmation charges	K200/- per certificate
24.	Authentication/Authorisation/Verification of other documents (only if closed within last 6 months)	K50/- per document for confirmation/ authorization /verification of documents
25.	Standing Order Charges i) Setting up charges ii) Processing (internal) intra-bank iii) Processing (external within Zambia) Inter-bank iv) Amendment	K50/- K20/- per transaction K25/- per transaction Free
26.	Dormant Account	Free
27.	Reactivation of Account (only if closed within last 6 months)	Free
28.	Photocopies at customer’s request	K 10/- per page
29.	Request for retrieval of paid cheque, deposit slip, transfer request or any Bank record.	K 200/- per instrument
30.	Status Report/Bankers enquiry/References letter	K50/- per report/enquiry/letter
31.	Search Fees	K150/-
32.	ZRA Online Tax Payment	i) Online K25/- per transaction ii)Over the counter (walk-in-customers) K35/- per transaction
33.	NAPSA Online Payment	Free

Play

Lyapa Mbewe discusses all finance related queries in a series of videos that you can watch now

SECURE YOUR CHILDS FUTURE WITH OUR

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 Visa Chip & Pin Debit Card, SMS Alert, Mobile and Internet Banking facility.

SECURE YOUR CHILDS FUTURE WITH OUR

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 Visa Chip & Pin Debit Card and is an interest bearing savings account.

SECURE YOUR CHILDS FUTURE WITH OUR

CLASSIC SAVINGS ACCOUNT

Sign up for our standard level savings account with value added features of SMS alerts, Internet Banking with the IZBVisa Chip & Pin Debit Card facilities and is as an interest bearing savings account.