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Ecocash Calculator, Fees And Limits August

3 August 2021

Below are August fees, and charges for Ecocash, Zimbabwe’s largest mobile phone-based money transfer, financing and microfinancing service.

Ecocash Fees

Bands   IMT Tax     Send Registered Bill Payment Pay Merchant
Lower Value ($) Upper Value ($) IMT (%) Lower Value Tax($) Upper Value Tax($) Ecocash Tariff($) Ecocash Tariff($) Ecocash Tarrif($)
1.00 9.99 0 0.00 0.00 0.68 1.03 0.89
10.00 19.99 0 0.00 0.00 1.42 1.44 1.45
20.00 29.99 0 0.00 0.00 2.10 1.76 2.06
30.00 39.99 0 0.00 0.00 2.63 2.46 3.17
40.00 49.99 0 0.00 0.00 3.93 3.37 4.19
50.00 74.99 0 0.00 0.00 5.31 4.68 5.69
75.00 99.99 0 0.00 0.00 5.89 6.17 7.53
100.00 149.99 0 0.00 0.00 8.01 7.76 7.61
150.00 199.99 0 0.00 0.00 11.06 8.57 9.21
200.00 299.99 0 0.00 0.00 13.52 9.75 10.41
300.00 499.99 2 0.00 0.00 17.87 15.31 10.86
500.00 999.99 2 10.00 19.99 34.43 19.99 33.79
1000.00 1499.99 2 20.00 29.99 52.31 46.88 49.31
1500.00 1999.99 2 30.00 39.99 73.48 65.00 70.72
2000.00 2499.99 2 40.00 49.98 91.85 81.25 87.30
2500.00 2999.99 2 50.00 59.99 110.21 97.50 103.4
3000.00 5000.00 2 60.00 100.00 1.91% 1.85% 1.85%
  • The 2% IMT tax now only applies to transactions above $500 ZWL
  • Transaction values are still capped at $5 000 ZWL
  • However, you can do up to 7 of these transactions per week
  • This means the weekly limit is $35 000 ZWL
  • Wallet to bank charges are below

NB

  • Cash-in is FREE
  • Send Money Max $5 000 ZWL per transaction and $35 000 ZWL per week
  • Pay Merchant Max $5 000 ZWL per transaction
  • Transactions for less than $1 are FREE
  • Balance Inquiry $1.50 ZWL
  • Bank To Wallet is Free
  • Request Bank Balance $1.50 ZWL
  • Request Bank Statement $1.50 ZWL

Bank To Wallet

Bank Minimum Amount (ZWL$) Charge for the transacted amount
First Capital 50.00 3%
ZB Bank 30.00 2%
Agribank 2%
NBS 40.00 2.5%
POSB 40.00 2.5%
Ecobank
FBC 3%
CBZ 10.00 5%
BancABC 10.00 2.5%
Stanbic Bank 50.00 2%
Steward Bank
NMB 20.00 2.5%
CABS 100.00 2%
Nedbank 30.00 1.5%
  • Based on information ascertained by Techzim.

Other charges and limits

 Transaction Lower Upper Value Fees
Cash In 1 500  Free
Send Money to Registered Customer 1 5000  See Above
Send Money to Non Registered Customer 1 500  See Above
Merchant Payments 1 10 000 See Above
Bill Payments 1 10 000 See Above
Cash Out Unregistered 1 500  Free
Airtime Top-Up 2 500  Free
Airtime 2 500 Free
Balance Enquiry N/A N/A 1.50
Account History N/A N/A 1.50
Change PIN N/A N/A Free
Bank to Wallet 1 1000 Free
Bank Balance Enquiry N/A N/A 1.50
Bank Statement N/A N/A 1.50

Monthly And Daily Limits

Customer Category Monthly Limits   Daily Limits  
  Old Limit New Limit Old Limit New Limit
Customers linked to Bank/Debit Card 20 000 20 000 5 000 5 000
Customers linked to a Debit Card 35 000 35 000 10 000 10 000
Customers linked to a Bank 150 000 100 000 25 000 20 000
Executive Grade 250 000 250 000 30 000 30 000
Farmers Grade 300 000 100 000 50 000 20 000

More: Techzim


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