This a current account into which money is deposited either in USD or ZAR currency. Deposits can be in the form of cash, cheques, transfers, RTGS. Money can be withdrawn by means of a cheque, debit card and transfer instructions.
Target Market
Individuals, companies and Informal bodies of good financial standing
Features
- No minimum balance
- Interest bearing account
- No ceiling amount on credit interest for individual accounts
- Debit interest accrues on debit balances at the prevailing bank's MLR (Minimum Lending
- Rate) or at the penalty rate for unauthorised overdrawn positions
- Interest is paid monthly
- Ledger fee is charged monthly
- Statement of account produced and sent to client's postal address (Currently being send to clients on Email)
ZB Ecocash Banking Services- Application Form PDF
Individual Customer Account Opening Form PDF
