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Comprehensive Delivery Channels for your everyday needs.

Event POS Machine Hiring Requirements

  • USD15 Application fee
  • Application form notifying the bank of the date and details of the event.
  • POSB account for settling the transactions.

Benefits

  • Accepts payments from all Zimswitch cards
  • Accepts USD and ZWL payments
  • Accepts Ecocash payments; USD and ZWL
  • Only 1% commission is charged
  • Secure transactions
  • Training is provided to the users of the POS machine

The Bank offers POS machine hiring services for customers intending to hold events and functions at which card-based payments and transactions will be expected..

Apply Now

Merchant POS

POSB offers merchant acquiring services whereby the bank provides POS machines to retailers and businesses to facilitate card-based transactions..

Apply Now

Bank to Wallet

POSB customers can link their bank accounts with their mobile wallets to perform the following tasks:

  • Move funds from account to mobile wallet
  • Move funds from mobile wallets to their bank account
  • Account balance inquiry from the mobile wallet
  • OneMoney and Ecocash are applicable

Debit Cards

POSB debit cards are/can be issued to clients when the following accounts are opened:
  • People’s Choice Account
  • Youth Account
  • JuniorSave Account
  • Esteem Personal Account
  • Individual Account
  • Farmers Account
  • Pensioner’s Account
  • NSSA Account
  • Senior Citizens Account
  • Corporate Account
  • SMEs Account
  • Agribusiness Account

With the POSB debit card clients will enjoy transacting on all POSB ATMS and ZimSwitch ready ATMs in addition to the following;

  • POS withdrawals
  • ATM withdrawals
  • POS Deposits
  • POS purchases and cashback

Debit Cards.

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Mobile Application

The POSB ‘On the Go’ App registration process can be completed in a few easy steps:
  • Go to Google Play Store or Apple Store
  • Download the POSB ‘On the Go’ App for free
  • Install the application
  • Open the ‘On the Go’ App
  • Select the Register and follow the prompts

Transacting on the POSB Mobile App is secure and convenient for clients to perform the following transaction sets:

  • Balance Enquiry
  • Mini- Statement
  • Internal Transfers
  • RTGS Transfer
  • Zipit to Bank (to another bank)
  • Zipit to Cell phone (transfer to cellphone)
  • Airtime Top up
  • Bill Payments
  • Block/Unblock lost or stolen debit
  • Debit card pin change
‘On the Go’ App Self-registration Conditions:
  • 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.

The Bank offers POS machine hiring services for customers intending to hold events and functions at which card-based payments and transactions will be expected..

Download
Online Banking How to register:
  • Visit your nearest branch and complete the registration form
  • Receive the activation link on your email
  • Enter a preferred password for service
  • Select the Register and follow the prompts

The POSB Online Banking platform allows clients access to:

  • Balance Enquiry
  • View and generate full account statements
  • Internal Transfers
  • RTGS Transfer
  • Zipit to Bank (to another bank)
  • Zipit to Cell phone (transfer to cellphone)
  • Airtime Top up
  • Bill Payments
  • Block/Unblock lost or stolen debit
  • Debit card pin change
  • Manage beneficiaries

POSB clients can experience world class banking at their fingertips when they transact securely on the POSB Online Banking platform which now has more transaction sets and new features, improved aesthetics and so much more!.

Apply Now

Individual Account Opening Requirements

  • Initial deposit
  • Original ID: National ID, Driver’s License or valid passport
  • Copy of your ID
  • Proof of Residence

Benefits

  • 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.

Allows deposits, withdrawals, payments and transfers among other transactions.

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Apply for a Personal Loan

  • SALARY BASED LOANS
  • SALARY BASED OVERDRAFTS
  • COMPANY GUARANTEED LOANS
  • MUTUALLY GUARANTEED LOANS– CIVIL SERVICE
  • NSSA REVOLVING LOAN FACILITY
  • MICROFINANCE
  • PENSIONERS LOAN

Apply for a Personal Loan Now.

Apply Now

Corporate Account 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 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.

A corporate account enables registered companies to carry out their day to day business transactions with convenience. Corporates also have the option to open Nostro FCAs..

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INTERNATIONAL BANKING

  • Telegraphic Transfers (Incoming and Outgoing)
  • Export Facilitation
  • Letters of Credit (LCs)
  • International Guarantees
  • Documentary Collections
  • Structured Commodity Finance
  • Exchange Control Administration

The bank offers complete international banking solutions for individuals and businesses to transact beyond borders. The bank takes pride in the speed and efficiency with which funds are remitted worldwide, as well as the extensive knowledge of exchange control regulations. Corporates are able to process exports and imports transactions efficiently through the bank with the expertise provided by the International Banking Department. Individuals are able to send and receive funds, and also have access to services like paying tuition fees for students studying in foreign universities..

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Bureau De Change

  • 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.)
Exchange Rates

Corporate loans Requirements

  • 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)

Benefits

  • Flexible repayment periods
  • Amounts are negotiable
  • Most favourable rates on the market

Corporate loans provide corporates with access to working capital as well as capital expenditure finance. Overdrafts allow a company to draw from its account even when it has no funds. They enable corporates to bridge temporary financing gaps..

Apply Now

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, or 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.

This is an account targeted at Small to Medium Businesses and Sole proprietors to enable them to meet their daily transactional requirements with ease. The SME account is ideal for SMEs in all economic sectors other than agriculture..

Apply Now

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A leading financial institution, providing a range of banking services including savings, loans, and corporate banking.

Follow Us

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Newsletter

Download our APP

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