A low cost account that enables collectives such as social clubs, burial societies and co-operatives to conveniently meet their transactional needs and financial goals. 

Account Opening Requirements

• Initial deposit.
• Club Constitution/ Resolution/ Minutes.
• Original and clear copies of IDs for all authorized signatories (National ID, Driver’s License or valid passport).
• Current proof of residence for authorized signatories (Latest Utility Bills, Letter from Employer, Headmaster, Chiefs or District District).

Benefits

• Low bank charges.
• Attractive tax free interest on deposits.
• Access to POSB’s wide distribution network of 32 own branches and over 300 agents.
• Clubs can be issued with ZimSwitch enabled debit cards for easy of transacting.
• Bank on the go with POSB world class Online Banking platform to make bill payments, transfer funds through internal transfers/ZIPIT/RTGS, manage beneficiaries, receive transaction notifications on email and more.

A low cost transactional account that allows educational institutions such as pre-schools, nurseries, primary schools, high schools, colleges and universities to meet their daily transactional requirement. All registered educational institutions in Zimbabwe can open the account.

Account Opening Requirements

• Initial deposit.
• School Constitution/ Resolution/ Minutes.
• Original and clear copies of IDs for all authorized signatories (National ID, Driver’s License or valid passport).
• Current proof of residence for authorized signatories (Latest Utility Bills, Letter from Employer, Headmaster, Chiefs or District District).

Benefits

• Low bank charges.
• Attractive tax free interest on deposits.
• Access to merchant POS machines to facilitate card based transactions.
• Schools can be issued with ZimSwitch enabled debit cards for easy of transacting.
• Access to POSB’s wide distribution network of 32 own branches and over 300 agents.
• Bank on the go with POSB world class Online Banking platform to make bill payments, transfer funds through internal transfers/ZIPIT/RTGS, manage beneficiaries, receive transaction notifications on email and more.

School Development Loan Facility

A transactional account that offers affordable and convenient world class banking to all religious organizations.

Account Opening Requirements

• Initial deposit.
• Church Constitution/ Resolution/ Minutes.
• Original and clear copies of IDs for all authorized signatories (National ID, Driver’s License or valid passport).
• Current proof of residence for authorized signatories (Latest Utility Bills, Letter from Employer, Headmaster, Chiefs or District District).

Benefits

• Low bank charges.
• Attractive tax free interest on deposits.
• Access to merchant POS machines to facilitate card based transactions.
• Schools can be issued with ZimSwitch enabled debit cards for easy of transacting.
• Access to POSB’s wide distribution network of 32 own branches and over 300 agents.
• Bank on the go with POSB world class Online Banking platform to make bill payments, transfer funds through internal transfers/ZIPIT/RTGS, manage beneficiaries, receive transaction notifications on email and more.