Since it was introduced Ecocash, has always charged it’s 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 $249 incur a certain charge that is fixed throughout that band
This fee also depends on the type of transaction involved e.g. send money, pay bill, pay merchant etc.
Sometimes the fee depends on the party you are paying/who is receiving the money, for some bills you get a discounted fee. For others, such as sending money to an unregistered person you pay more.
There are also transaction limits which used to be generous and driven by user needs. However, due to rampart illegal foreign currency trading the Reserve Bank of Zimbabwe’s Financial Intelligence Unit has gutted some of these limits to the point where they are now ridiculous.
Ecocash Fees
Bands
IMT Tax
Send Registered
Bill Payment
Pay Merchant
Lower Value ($)
Upper Value ($)
IMT (%)
Lower Value Tax($)
Upper Value Tax($)
Ecocash Tariff($)
Ecocash Tariff($)
Ecocash Tarrif($)
1.00
9.99
0
0.00
0.00
0.68
1.03
0.89
10.00
19.99
0
0.00
0.00
1.42
1.44
1.45
20.00
29.99
0
0.00
0.00
2.10
1.76
2.06
30.00
39.99
0
0.00
0.00
2.63
2.46
3.17
40.00
49.99
0
0.00
0.00
3.93
3.37
4.19
50.00
74.99
0
0.00
0.00
5.31
4.68
5.69
75.00
99.99
0
0.00
0.00
5.89
6.17
7.53
100.00
149.99
0
0.00
0.00
8.01
7.76
7.61
150.00
199.99
0
0.00
0.00
11.06
8.57
9.21
200.00
299.99
0
0.00
0.00
13.52
9.75
10.41
300.00
499.99
2
0.00
0.00
17.87
15.31
10.86
500.00
999.99
2
10.00
19.99
34.43
19.99
33.79
1000.00
1499.99
2
20.00
29.99
52.31
46.88
49.31
1500.00
1999.99
2
30.00
39.99
73.48
65.00
70.72
2000.00
2499.99
2
40.00
49.98
91.85
81.25
87.30
2500.00
2999.99
2
50.00
59.99
110.21
97.50
103.4
3000.00
5000.00
2
60.00
100.00
1.91%
1.85%
1.85%
The 2% IMT tax now only applies to transactions above $500 ZWL
Transaction values are still capped at $5 000 ZWL
However you can do up to 7 of these transactions per week
This means the weekly limit is $35 000 ZWL
Wallet to bank charges are below
Old Tariffs Before 14 January
Bands
IMT Tax
Send Registered
Bill Payment
Pay Merchant
Lower Value ($)
Upper Value ($)
IMT (%)
Lower Value Tax($)
Upper Value Tax($)
Ecocash Tariff($)
Ecocash Tariff($)
Ecocash Tarrif($)
1.00
9.99
0
0.00
0.00
0.68
1.03
0.89
10.00
19.99
0
0.00
0.00
1.42
1.44
1.45
20.00
29.99
0
0.00
0.00
2.10
1.76
2.06
30.00
39.99
0
0.00
0.00
2.50
2.34
3.02
40.00
49.99
0
0.00
0.00
3.42
2.93
3.64
50.00
74.99
0
0.00
0.00
4.62
4.07
4.95
75.00
99.99
0
0.00
0.00
5.12
5.36
6.54
100.00
149.99
0
0.00
0.00
6.96
6.75
6.61
150.00
199.99
0
0.00
0.00
8.99
6.97
7.49
200.00
299.99
0
0.00
0.00
10.99
7.93
8.46
300.00
499.99
2
6.00
9.99
14.59
12.50
8.86
500.00
999.99
2
10.00
19.99
27.54
25.00
27.03
1000.00
1499.99
2
20.00
29.99
41.85
37.50
39.53
1500.00
1999.99
2
30.00
39.99
56.52
50.00
54.40
2000.00
2499.99
2
40.00
49.98
70.65
62.50
67.15
2500.00
2999.99
2
50.00
59.99
84.78
75.00
79.56
3000.00
5000.00
2
60.00
100.00
1.90%
1.85%
1.85%
NB
Cash-in is FREE
Send Money Max $5 000 ZWL per transaction and $35 000 ZWL per week
