Standard Chartered has just sent out a communication to its customers informing them that their service fees will go up on the 15th of March 2020. This will see customers having to pay a monthly maintenance fee of $70 up from $65/month.

Here are the detailed changes:

	Current Charge	New Charge
TRANSACTION DESCRIPTION	PERSONAL BANKING	PERSONAL BANKING
Maintenance Fee	ZWL65 flat monthly	ZWL70 flat monthly
Service Fee	ZWL1.99 per transaction	ZWL2.50 per transaction
VISA Gold Card (Annual fee)	Recovered monthly at ZWL0.83 per month	Recovered monthly at ZWL6.25 per month
Inter Account Transfer	ZWL1 per transaction	ZWL20 per transaction
Mini/Interim-statement	ZWL0.50 per request	ZWL9.00 per request
Mortgage Fee: Application Fee	ZWL100	ZWL1,800
ATM Withdrawal (VISA)	ZWL2 plus 1.75% max ZWL37	ZWL40 plus 1.75% max ZWL650
Outward TT (Telegraphic Transfer)	2.5% min ZWL30 max ZWL160 at interbank	2.5% min ZWL550 max ZWL3,000
Inward TT	ZWL2 per entry	ZWL50 per entry
Reference Letter to foreign banks	ZWL10	ZWL180
Local POS Balance Enquiry (Zimswitch)	ZWL0.80	ZWL1.44