Personal Savings Account
Requirements to Open Personal Accounts
- Copy of ID/current passport/driver’s license.
- Proof of residence in the form of utility bills, affidavit certified by ZRP or letter from employer;
- 2 passport sized photos
- A properly completed account opening form
- Account opening is subject to FCB clearance
Opening deposit |
$1000 |
Minimum balance |
$300 |
Monthly service fee |
$167.96 |
Withdrawal charge |
1.25% |
ATM withdrawal charge per transaction |
$35.00 |
ATM card fee |
First debit card free then USD$3.00 for subsequent cards |
ATM maximum withdrawal |
$2000 per week |
Minor Accounts
Requirements to open a Minor Account
From Guardian:
- Copy of ID/current passport/driver’s license.
- Proof of residence in the form of utility bills, affidavit certified by ZRP or letter from employer;
- 2 passport sized photos
- A properly completed account opening form
- Account opening is subject to FCB clearance
From Minor:
- 2 passport size photos
- Birth certificate
Opening deposit |
$10 |
Minimum balance |
$10 |
Monthly service fee |
$5 |
Withdrawal charge |
1.25% |
ATM withdrawal charge per transaction |
$0.10 |
ATM card fee |
First debit card free then $5.00 for subsequent cards |
ATM maximum withdrawal |
$1000 |
Metsave Account (Individual)
This is a savings account which allows individuals to save for longer periods of time ranging from 2 months to 12 months with flexibility of frequent additional deposits into the account as well as an option to roll over at maturity at the prevailing competitive rates.
MetSave is ideal for individuals who want to save towards a specific project/event.
Requirements to Open Personal Accounts
- Certified copies of ID/current passport/driver’s license.
- Proof of residence in the form of utility bills, affidavit certified by ZRP or letter from employer.
- 2 passport sized photos.
- A properly completed account opening form.
- Account opening is subject to FCB clearance.
Initial investment amount |
$50 |
No maximum |
|
Monthly service fee |
nil |
Early maturity charges |
$10 or 50% of accrued interest which ever is greater. |
Interest rates |
|
$51 – $500 |
1% pa |
$501 – $999 |
2% pa |
$1000 + |
4% pa |
MetStudent Account
This is a card based account for college students enrolled on a full-time basis at universities, polytechnics, nursing schools and teachers’ colleges.
Requirements to Open Personal Accounts
- Certified copies of ID/current passport/driver’s license.
- Proof of residence in the form of utility bills, affidavit certified by ZRP or letter from employer.
- 2 passport sized photos.
- A properly completed account opening form.
- Account opening is subject to FCB clearance.
Opening deposit |
$5 |
Minimum balance |
$5 |
Monthly service fee |
$1 |
Withdrawal fee |
1.25% |
ATM withdrawal charge per transaction |
$2 |
ATM card fee (once off) |
$1 |
MetClick Account
Requirements to MetClick Account
- Copy of National ID
- Opening deposit of at least US$10 + $5 for the card
|
Fixed Fee ($) |
Government Tax ($) |
Transaction limit |
|||
Transaction |
Channel |
Per Day ($) |
Per Transaction ($) |
|||
Balance enquiry |
All channels |
0.1 |
- |
- |
- |
|
Mini statement |
All channels |
0.1 |
- |
- |
- |
|
Withdrawal |
Metbank POS |
1.25% |
0.01 |
1000 |
1000 |
|
Metbank ATM |
1.25% |
0.01 |
1000 |
1000 |
||
ZimSwitch ATM |
1.25% |
0.01 |
1000 |
1000 |
||
Airtime |
- |
- |
- |
500 |
500 |
|
Internal transfer |
- |
2 |
- |
1000 |
1000 |
|
Bill Payments-Non-Commission |
All channels |
2 |
- |
1000 |
1000 |
|
ZIPIT Receive |
- |
- |
- |
1000 |
1000 |
MetRounds Account
Requirements to Open Personal Accounts
- Certified copies of ID/current passport/driver’s license.
- Proof of residence in the form of utility bills, affidavit certified by ZRP or letter from employer.
- 2 passport sized photos.
- A properly completed account opening form.
- Account opening is subject to FCB clearance.
Opening deposit |
$1 |
Minimum balance |
nil |
Monthly service fee |
nil |
Tenor |
Minimum of 30 days savings with an option for longer periods after which funds can be withdrawn |
Early withdrawal |
5% flat rate penalty of amount withdrawn |
MetHome Saver Account
This is an account targeted at members of reputable and registered organized housing cooperatives and anyone interested in saving to acquire or develop residential property.
Requirements to Open Met Home Saver Account
- Certified copies of ID/current passport/driver’s license.
- Proof of residence in the form of utility bills, affidavit certified by ZRP or letter from employer.
- 2 passport sized photos.
- A properly completed account opening form.
- Account opening is subject to FCB clearance.
Minimum balance |
$50 |
Tenor |
Minimum of 3 calendar months up to 60 months |
Encashment on maturity |
nil |
Monthly fees/Account maintenance |
nil |
Interest |
|
$51 to $ 500 |
1.5% pa |
$501 to $ 1 500 |
2.25% pa |
$1 501+ |
3% pa |
Interest is calculated on a monthly basis |
|
Corporate Accounts
Requirements to open a Corporate Account
- CR14 and CR6.
- Certificate of Incorporation
- Memorandum and Articles of Association.
- Certified copies of IDs for all directors and signatories.
- Proof of residence for all directors and signatories.
- 2 Passport photos for all directors and directories.
- Properly completed account opening forms.
The account can be opened in any of the following currencies:
- USD
- ZAR
- BWP
- EUR
- GBP
Opening deposit |
$30 |
Minimum balance |
$30 |
Monthly service fee |
$20 |
Withdrawal fee |
1.25% (with withdrawal slip) |