Standard Chartered Increases Bank Charges
5 years agoTue, 02 Apr 2019 20:41:13 GMT
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The Standard Chartered Bank in Zimbabwe has increased the fees it charges customers to transact. The bank cites an increase in operating costs.
Here are the new fees:
Transaction Type | Current Fees | New Fees | Percentage Increase |
---|---|---|---|
Account Maintenance | $15 | $25 | 66% |
Zimswitch POS | $0.10 for txns below $10 $0.45 for txns above $10 | $0.19 for txns below $10 $0.85 for txns above $10 | 90% |
EcoCash Bank to Wallet | $1 for txns below $100 $2 for txns above $100 | $1.50 for txns below $100 $3.00 for txns above $100 | 50% |
RTGS (transfer) | $4.95 | $10.00 | 102% |
Service Fee | $0.60 per txn | $0.99 per txn | 65% |
Outward Telegraphic Transfer | 1.55% (Min $30 and Max $160) | 2.50% (Min $30 and Max $350) | 61% |
Cash Withdrawal (RTGS and Nostro) | 1.25% of Amount | 2.25% of Amount | 80% |
ATM (RTGS and Nostro) | 1% of Amount | 2% of Amount | 100% |
Deposit of Soiled USD Notes | Free | 10% of Amount Deposited | RIDICULOUS |
Of note is that the bank is now charging a 10% of the amount if one deposits soiled notes.