Ecocash Tariff Calculator

Send fee +2% Tax

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Govt 2% Tax

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Bill Payment Fee+2% Tax

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Merchant Fee+ 2% Tax

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Since it was introduced Ecocash, has always charged its fees depending:

  • on the amount involved in the transaction
  • This fee is not flat but rather cover various bands e.g. amounts from $200 to $249 incur a certain charge that is fixed throughout that band
  • This fee also depends on the type of transaction involved e.g. send money, pay bill, pay merchant etc.
  • Sometimes the fee depends on the party you are paying/who is receiving the money, for some bills you get a discounted fee. For others, such as sending money to an unregistered person you pay more.

Ecocash FCA Fees

BANDSREGISTERED CUSTOMERSUNREGISTERED CUSTOMERS
Lower Value (S)Upper Value (S)Send Money FeesCash Out TariffSend Money Tariff
1.001.990.060.030.09
2.00(5.000.070.170,36
5.0110.000.160.260.58
10.0120.000.320,521.14
20.0130.000.480.781.71
30.0140.000.611.042.30
40.0150.000.781.302.88
50.0160.001.111.743.91
60.0175.001.152.004.41
75.01100.001.562.615.79
100.01150.001.963.046.86
150.01200.002.303.397.74
200.01300.002.684.829.84
300.01400.003.736.7713.43
400.01500.004.788.7217.30

Ecocash Fees ZWL Wallet

BandsIMT TaxSend RegisteredBill PaymentPay Merchant
Lower Value ($)Upper Value ($)IMT (%)Lower Value Tax($)Upper Value Tax($)Ecocash Tariff($)Ecocash Tariff($)Ecocash Tarrif($)
1.009.9900.000.000.721.080.93
10.0019.9900.000.001.491.511.52
20.0029.9900.000.002.201.852.16
30.0039.9900.000.002.882.693.47
40.0049.9900.000.003.933.374.19
50.0074.9900.000.005.314.685.69
75.0099.9900.000.005.896.177.53
100.00149.9900.000.009.389.008.91
150.00199.9900.000.0013.2210.2511.00
200.00299.9900.000.0016.1611.6512.44
300.00499.9920.000.0021.4418.3713.03
500.00999.99210.0019.9942.9639.0042.17
1000.001499.99220.0029.9965.2958.5061.66
1500.001999.99230.0039.9988.1878.0084.86
2000.002499.99240.0049.98110.2297.50104.76
2500.002999.99250.0059.99132.25117.00124.12
3000.005000.00260.00100.001.91%1.85%1.85%
5000.0020000.002100.00400.001.85%1.85%
  • The 2% IMT tax now only applies to transactions above $500 ZWL
  • Transaction values are still capped at $5 000 ZWL for sending money but they were lifted to $20 000 ZWL for bill payments and merchant payments. So when paying for goods or services at tills you can pay up to $20 000 ZWL. You can also pay up to $20 000 ZWL for things like ZESA bills etc.
  • The means the weekly limit is $35 000 ZWL
  • Wallet to bank charges are below

NB

  • Cash-in is FREE. This applies to the USD wallet as there is no cashi-in when using the ZWL wallet
  • Send Money Max $10 000 ZWL per transaction and $70 000 ZWL per week
  • Pay Merchant and Pay Bill Max $50 000 ZWL per transaction up to $100 000 ZWL per week
  • Transactions for less than $1 are FREE
  • Balance Inquiry $1.50 ZWL
  • Bank To Wallet is Free
  • Request Bank Balance $1.50 ZWL
  • Request Bank Statement $1.50 ZWL

Bank To Wallet

BankMinimum Amount (ZWL$)Charge for the transacted amount
First Capital50.003%
ZB Bank30.002%
Agribank2%
NBS40.002.5%
POSB40.002.5%
Ecobank
FBC3%
CBZ10.005%
BancABC10.002.5%
Stanbic Bank50.002%
Steward Bank
NMB20.002.5%
CABS100.002%
Nedbank30.001.5%

Other charges and limits

 TransactionLowerUpper ValueFees
Cash In1500 Free
Send Money to Registered Customer15000 See Above
Send Money to Non Registered Customer1500 See Above
Merchant Payments120 000See Above
Bill Payments110 000See Above
Cash Out Unregistered1500 Free
Airtime Top-Up2500 Free
Airtime2500Free
Balance EnquiryN/AN/A1.50
Account HistoryN/AN/A1.50
Change PINN/AN/AFree
Bank to Wallet11000Free
Bank Balance EnquiryN/AN/A1.50
Bank StatementN/AN/A1.50

Monthly And Daily Limits

Customer CategoryMonthly LimitsDaily Limits
Old LimitNew LimitOld LimitNew Limit
Customers linked to Bank/Debit Card20 00020 0005 0005 000
Customers linked to a Debit Card35 00035 00010 00010 000
Customers linked to a Bank150 000100 00025 00020 000
Executive Grade250 000250 00030 00030 000
Farmers Grade300 000100 00050 00020 000

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