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.
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
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.
INTERNATIONAL BANKING
Telegraphic Transfers (Incoming and Outgoing)
Export Facilitation
Letters of Credit (LCs)
International Guarantees
Documentary Collections
Structured Commodity Finance
Exchange Control Administration
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.)
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
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.
Individual Account
PERSONAL LOANS
CORPORATE ACCOUNT
INTERNATIONAL BANKING SERVICES
burear de Change
CORPORATE LOAN AND OVERDRAFT FACILITIES
SME AND AGRIBUSINESS BANKING
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.
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
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.
INTERNATIONAL BANKING
Telegraphic Transfers (Incoming and Outgoing)
Export Facilitation
Letters of Credit (LCs)
International Guarantees
Documentary Collections
Structured Commodity Finance
Exchange Control Administration
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.)
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
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.
