NMB has the following types of accounts on offer at the moment:

NMB Lite Account
Normal or Standard ZWL Bank Account
Nostro Account

NMB Prepaid Visa

Technically NMB doesn’t have a prepaid Visa or MasterCard. What they have is a pre-funded card. You need to open a Nostro account with them. Your Visa card will be linked to this Nostro account. You can, however, deposit USD/Forex into this account and it will be available to use. You can also receive funds via Wire Transfer and they can be used with the card. This makes the card similar to any of the prepaid cards from other banks.

How to apply for the NMB Visa Card?

As already hinted above you need to open an FCA account (now called Nostro account) with NMB. If you already have a Nostro account with them you can apply for the card by filling a form you can download from here.

What do I need to open a Nostro Account with NMB?

If you don’t have a Nostro account you need the following documents:

Copy of ID/ Passport
2 passport-sized photos
Proof of residence e.g. water utility bill, ZOL invoice etc
Proof of income e.g. payslip or affidavit

What are the limits for the NMB Visa Card?

Cash withdrawals are limited to US$D1 000.00 daily
POS/ Online payments are limited to USD5 000.00 daily

NMB Visa Prefunded Charges?

DEBIT, PREFUNDED AND CREDIT CARDS
CARD ISSUANCE	ACCESS CARD ZWL300	TAP CARD ZWL100	VISA CLASSIC EQUIVALENT TO USD10	VISA GOLD EQUIVALENT TO USD12
	VISA PLATINUM EQUIVALENT TO USD15	POS PURCHASES (LESS THAN ZWL100) ZWL5; (ABOVE ZWL100) 1%; Min ZWL10; Max ZWL300	CARD REPLACEMENT ZWL500	ECOCASH BANK TO WALLET TRANSFERS 2.5%; MIN ZWL20, MAX ZWL200
PREFUNDED CARDS ISSUANCE	VISA CLASSIC PREFUNDED USD10	VISA GOLD PREFUNDED USD12	VISA PLATINUM PREFUNDED USD15
VISA PURCHASES	POS AND ONLINE 2%; PLUS USD2.50	DECLINED TRANSACTION USD1
VISA WITHDRAWALS	BRANCH CASH WITHDRAWAL 2%; PLUS USD3.50	ATM WITHDRAWAL 2%; PLUS USD3.50

NMB Banks Charges/Fees

NMB offers Personal and Business Accounts.

Personal Accounts conditions

PERSONAL ACCOUNTS
PRODUCT	NOSTRO FCA	CURRENT ACCOUNT – PREMIUM	CURRENT ACCOUNT – BASIC	NMBLITE ACCOUNT	SAVINGS ACCOUNT	FIXED/TERM DEPOSIT
MINIMUM ACCOUNT BALANCE	USD10	ZWL170	ZWL120	ZWL45	ZWL500	ZWL10,000
WITHDRAWAL CONDITIONS	On Demand	On Demand	On Demand	On Demand	On Demand	On Maturity

Business Account conditions

BUSINESS ACCOUNTS
PRODUCT	BUSINESS NOSTRO FCA	BUSINESS CURRENT ACCOUNT	SME CURRENT ACCOUNT	INVESTMENT/CALL ACCOUNT	FIXED/TERM DEPOSIT
MINIMUM ACCOUNT BALANCE	USD25	ZWL1500	ZWL500	ZWL10,000	ZWL10,000
WITHDRAWAL CONDITIONS	On Demand	On Demand	On Demand	On Demand	On Maturity

What are the current NMB Banking Fees for personal accounts?

ACCOUNT SERVICE CHARGES
	PERSONAL NOSTRO FCA	PERSONAL CURRENT ACCOUNT PREMIUM	PERSONAL CURRENT ACCOUNT BASIC	NMBLITE ACCOUNT	PERSONAL SAVINGS ACCOUNT	BUSINESS NOSTRO FCA	BUSINESS CURRENT ACCOUNT	SME CURRENT ACCOUNT	BUSINESS SAVINGS ACCOUNT
MONTHLY SERVICE FEES	USD5	ZWL170	ZWL120	ZWL45	ZWL40 (Below Min Balance)	USD15	ZWL1500	ZWL500	ZWL500 (Below Min Balance)
CASH WITHDRAWAL FEE	2%; Min USD5	3%; Min ZWL35	3%; Min ZWL35	3%; Min ZWL35	3%; Min ZWL35	2%; Min USD5	3%; Min ZWL50	3%; Min ZWL50	3%; Min ZWL50
ATM CASH WITHDRAWAL	N/A	3%; Min ZWL35	3%; Min ZWL35	3%; Min ZWL35	3%; Min ZWL35	N/A	N/A	N/A	N/A
INTER ACCOUNT TRANSFERS	USD3	1%; Min ZWL75 Max ZWL1000	1%; Min ZWL75 Max ZWL1000	1%; Min ZWL75 Max ZWL1000	1%; Min ZWL75 Max ZWL1000	USD3	1%; Min ZWL75 Max ZWL1000	1%; Min ZWL75 Max ZWL1000	1%; Min ZWL75 Max ZWL1000

What are NMB’s Portable Point of Sale (POS) Fees

NMB allows you to hire a point of sale machine which will be linked to your account. This has become popular with a lot of businesses especially due to the current cash shortages and reduction of Ecocash limits:

MERCHANT POS
MONTHLY CHARGE	1%; Min ZWL1000 (KaGwenya) and Min ZWL1300 (Standard POS)
EVENTS POS HIRE	1%; Min ZWL1500 per hire
SEASONAL POS HIRE	1%; Min ZWL1500 per month

What are the ZIPIT charges for NMB?

OTHER CHARGES
RTGS	INTERNET BANKING	Individual: 2%; Min ZWL50; Max ZWL500	ACCOUNT STATEMENT / BALANCE ENQUIRY	MOBILE BANKING: ZWL15	INTERNET BANKING: ZWL15
Corporate: 2%; Min ZWL250; Max ZWL1000	BILL PAYMENTS	1.5%; Min ZWL15 Max ZWL1500	INTERNET BANKING 1.5%; Min ZWL15 Max ZWL1500
ZIPIT TO OTHER BANKS	MOBILE BANKING	2%; Min ZWL50 Max ZWL300	POS INSUFFICIENT FUNDS ZWL10	ZIMSWITCH INSUFFICIENT FUNDS ZWL10 PLUS ZIMSWITCH FEE