About Us

Savings Accounts

These are savings account offered to the government and quasi-government institutions that wish to earn interest on their deposit balances.

WHO CAN APPLY
  • Government Ministries
  • Quasi-government Institutions
  • Government Departments
  • Government Agencies
  • Public Universities and Colleges
  • Public Schools
FEATURES
  • The account is available in ZMW currency
  • Applicable fees and commission are indicated in the government service level agreement
  • Minimum balance required is ZMW750
  • Competitive interest rates available on the account
  • Access to a cheque book
  • Access to Internet banking
  • Free monthly statements
BENEFITS
  • Free internet banking set up
  • 24/7 free internet access to account information
  • Cash management solutions
  • Payment services
  • Payroll management solutions
  • Access to short term, medium- and long-term loans
  • Access to treasury services
  • Access to trade finance
  • Direct Debit and Credit Clearing (DDACC)
  • Access to Payflexi services
ACCOUNT OPENING REQUIREMENT
  • Form 9 indicating account signatories
  • Letter of account opening request on letter head from the Account General/Authorised Signatories
  • Passport size photos of account signatories and proof of residence for ALL signatories.
  • Certified copies of NRC or valid passport for account signatories

These are savings account products offered to development organisations, Non-profit making organisations, Non-governmental Organisations and faith based organisations that wish to earn interest of their deposit balances.

WHO CAN APPLY?
  • Registered Development Organisations
  • Faith Based Organisations
  • Non-Governmental Organisations
  • Not for Profit Organisations
FEATURES
  • The account is available in ZMW currency
  • Applicable fees and commission are as indicated in the Corporate and Investment Banking tariff
  • Minimum balance required is ZMW1,200
  • Competitive Interest rates available on the account
  • Access to a cheque book
  • Access to Internet banking
  • Free monthly account statements
  • Access to E-statements that are set up as per customer requirements
BENEFITS
  • Customers earn interest on a monthly basis on their savings at competitive rates
  • Free internet banking set up
  • 24/7 free internet access to account information
  • Cash management solutions
  • Payment services
  • Payroll management solutions
  • Access to short term, medium and long term loans
  • Access to treasury services
  • Access to trade finance
  • Direct Debit and Credit Clearing (DDACC)
  • Access to Payflexi services
ACCOUNT OPENING REQUIREMENTS
  • Certificate of incorporation
  • Certificate of share capital
  • List of shareholders
  • Board resolution
  • Passport size photos of account signatories
  • Certified copies of NRC or valid passport for account signatories
  • Proof of physical address of the Organization