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*Standard Chartered Increases Bank Charges*

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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:

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itel A70 256GB
$99USD

WhatsApp: https://wa.me/+263715068543
Calls: 0772464000
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Transaction TypeCurrent FeesNew FeesPercentage Increase

Account Maintenance $15$2566%

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 $1090%

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 $10050%

RTGS (transfer)$4.95$10.00102%

Service Fee$0.60 per txn$0.99 per txn65%

Outward Telegraphic Transfer1.55% (Min $30 and Max $160)2.50% (Min $30 and Max $350)61%

Cash Withdrawal (RTGS and Nostro)1.25% of Amount2.25% of Amount80%

ATM (RTGS and Nostro)1% of Amount2% of Amount100%

Deposit of Soiled USD NotesFree10% of Amount DepositedRIDICULOUS

Of note is that the bank is now charging a 10% of the amount if one deposits soiled notes.

More: Zimlive, Techzim

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