All Delivery Channels - POSB | People's Own Savings Bank

DELIVERY CHANNELS

Comprehensive Delivery Channels for your everyday needs.

Event POS Machine Hiring Requirements

Self-registration is only possible for first time registrations; repeat registrants will have to visit their nearest banking hall for assistance.
Customers will be able to register for the service after collecting debit cards, which can be collected 24 hours after the account is opened.
Customers will only be able to register using the mobile number they supplied to the bank on account opening.
The correct account number and last four digits of the debit card will need to be entered when prompted (12 digits for individual transactional accounts and 16 digits for Peoples’ Choice and Youth accounts).
New Instant account customers are able to self-register immediately after card activation.
Only one mobile number can be linked to an account.

Access to Salary Based Loans and Salary Based Overdrafts
Account holders are issued with a ZimSwitch enabled debit card for ease of transacting
Access to POSB’s wide distribution network of 32 branches and over 300 agents.
Account can be linked to Ecocash, Telecash or OneMoney
Clients can conveniently bank on the go anytime, and anywhere using Online Banking, Cellphone Banking and ‘On the Go’ App.

Attractive tax free interest on savings and investments.
Access to corporate loans and overdraft facilities.
Convenience of around the clock banking with the Online Banking platform.
Access to a wide physical distribution network of 32 branches nationwide.
Access to the Bank’s International Banking Services to facilitate across the border transactions.
Corporate can be issued with a ZimSwitch enabled debit card which 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.

POSB is licensed by the Reserve Bank Of Zimbabwe (RBZ) to offer Bureau de Change services under the Authorised Dealers with Limited Authority framework as provided for under Exchange Control (Authorised Dealers with Limited Authority) Order 2015, Statutory Instrument 104 of 2015. This involves the buying and selling of foreign currency, and the service is offered in all POSB branches nationwide. The bank displays the applicable buying and selling rates for the day on digital currency rate boards in all banking halls. The USD is our main currency and if we are exchanging from a USD it is a purchase (i.e. we are buying from the client), if we are exchanging to the USD it’s a sell (i.e. we are selling our USD.)

Business plan/ project proposal/company profile
Financial statements as follows:
Income statement
Balance Sheet
12 months cash flow projections
Registration documents:
Certificate of incorporation
Memorandum and articles of association
CR14
Local authority operating license
Corporate account held with POSB for at least 6 months
Security, preferably immovable property, shares (Copy of title deeds and a current evaluation report)
Proof of business premises
Directors documents (Copy of national ID card and proof of residence dated within 3 months)

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, or District office)

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.