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.
- Attractive interest rates payable twice yearly
- SMS Alert facility
- Internet Banking facility.
- Free E-statement facility.
- Cheque book facility.
- Balance Enquiry on IZB ATM.
- IZB Contactless visa cards.
- Mobile Banking Facility with Bill payments (zesco/ Gotv/ Iconnect/ Topstar/ DSTV.
- Mobile recharge (Airtel/MTN/Zamtel).
- Inter Bank Transfers (RTGS/DDACC).
- Self service requests
- Account opening application form.
- One reference (applicant’s employer or account holder of Indo – Zambia Bank maintaining a good account with us).
- Copy of NRC/ Valid Passport or Driver’s Licence.
- Two recent passport size photographs.
- Proof of residence i.e. latest utility bill (Water, Electricity, Telephone etc).
- Initial cash deposit of K500.00.
- T-pin
| Sr.No. | Product Name | Privilege Savings Accountt |
|---|---|---|
| 1. | Target Group | Individual and Joint Account holders/Charitable Organisations |
| 2. | Account Opening Requirement | KYC requirement as stipulated |
| 3. | Type of Account | Savings with cheque book facility |
| 4. | Rate of Interest | 2.5% p.a payable twice-yearly |
| 5. | Maintenance Charges | K50/- per month |
| 6. | Maximum Balance | NA |
| 7. | Minimum Balance Requirment | K500/- |
| 8. | Minimum Balance Charge | K25/- |
| 9. | Cheque Book | 25 leaves –K 4.00 per leaf50 leaves –K2.50 per leaf |
| 10. | SMS Alert | Free |
| 11. | Monthly Statement | Free once per month |
| 12. | Duplicate/Interim Statement | K50/- per page |
| 13. | Transaction Fee | Free |
| 14. | E-statement | Available – Free |
| 15. | Closure of account | Free |
| 16. | Cash Deposits (At any IZB Branch) | Free |
| 17. | Cash Withdrawal Charges (at any IZB branch) Note: Savings account holders who do not qualify for Debit card such as churches, NGO’s, etc are exempted from this service charge. | i)K50/- within ATM limit i.e. K20,000.00ii)Free above ATM Limit |
| 18. | Issuance of Deposit Book | K30/- 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 card K125/- per card K150/- per card 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 | For financial reasons (Refer to Drawer) K 510/- per cheque For other reasons – Free |
| 21. | Stop Payment Instructions | K250/- per occasion |
| 22. | Remittances (Kwacha)
| K 100/- plus VATK 50/- K 75/-K 100/- FreeK 55/- per transactionK 40/- per transactionK25/- per transactionK10/- per transactionK 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 Chargesi) 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. | Reference letter | K50/- per letter |
| 31. | NAPSA Online Payment | Free |
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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.
