Corporate Account
This is transactional account that enables registered companies to carry out their day to day business transactions with convenience. Corporates also have the option to open Nostro FCAs.

Account Opening Requirements

  • Initial deposit.
  • Certificate of Incorporation.
  • Memorandum and Articles of Association.
  • CR14 & CR6.
  • Valid Tax Clearance (ITF 263).
  • Local authority operating license.
  • Directors Identity Documents (IDs and Proof of residence).

Benefits

  • Attractive tax free interest on savings and investments.
  • Access corporate loans and overdraft facilities.
  • Convenience of around the clock banking with the Online Banking platform.
  • Access to a wide physical distribution network of 35 branches nationwide.
  • Access to the Bank’s International Banking services to facilitate across the border transactions.
  • Corporate can be issued with ZimSwitch enabled debit card allows for ease of transacting.
  • Access to Merchant POS Machines to facilitate card based transactions.
  • Low bank charges.
  • Accounts can be used for salaries processing.
  • Dedicated Account Relationship Manager.
  • Assurance from banking with a tried and tested financial institution.

 

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SME Account

With the SME Account Small to Medium businesses and Sole proprietors are able to meet their daily transactional requirements with ease. The SME account is ideal for SMEs in all economic sectors other than agriculture.

SME Account Opening Requirements

  • Certificate of Incorporation
  • Memorandum and Articles of Association
  • Tax clearance certificate
  • CR14 & CR6
  • Directors’ original and clear photocopy of ID ( National ID, Driver’s  License or valid passport)
  • Directors’ current proof of residence ( Latest utility bills, letter from employer, Headmaster, Chiefs, District office)

Benefits

  • Low bank charges.
  • Attractive tax free interest on deposits.
  • A ZimSwitch enabled debit card can be issued to allow ease of transacting.
  • Access to a ZimSwitch enabled POS machine to facilitate card based transactions.
  • Access to around the clock banking with CellBank, ‘On the Go’ App and Online Banking platforms.
  • Customers can also access loan and overdraft facilities at low interest rates.
Agribusiness Account

The POSB Agribusiness Account allows Agriculture based businesses to meet their daily transactional requirements.

Agribusiness Account Opening Requirements

For SME/Corporates

  • Initial deposit.
  • Certificate of Incorporation.
  • Memorandum and Articles of Association.
  • CR14 & CR6.
  • Valid Tax Clearance (ITF 263).
  • Local authority operating license.
  • Directors Identity Documents (IDs and Proof of residence). 

For Individuals

  • Proof of land ownership (Title Deeds, Offer Letter or Lease Agreement)
  • Proof of identity (National ID)
  • Proof of Residence
  • Grower’s Number (for tobacco farmers)

Benefits

  • Low bank charges.
  • Attractive tax free interest on deposits.
  • A ZimSwitch enabled debit card can be issued to allow ease of transacting.
  • Access to a ZimSwitch enabled POS machine to facilitate card based transactions.
  • Access to around the clock banking with CellBank, ‘On the Go’ App and Online Banking platforms.
  • Customers can also access loan and overdraft facilities at low interest rates.