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 $249 incur a certain charge that is fixed throughout that band
- This fee also depends on the type of transaction involved e.g. send money, pay bill, pay merchant etc.
- Sometimes the fee depends on the party you are paying/who is receiving the money, for some bills you get a discounted fee. For others, such as sending money to an unregistered person you pay more.
Ecocash FCA Fees
| BANDS | REGISTERED CUSTOMERS | UNREGISTERED CUSTOMERS | ||
| Lower Value (S) | Upper Value (S) | Send Money Fees | Cash Out Tariff | Send Money Tariff |
| 1.00 | 1.99 | 0.06 | 0.03 | 0.09 |
| 2.00 | (5.00 | 0.07 | 0.17 | 0,36 |
| 5.01 | 10.00 | 0.16 | 0.26 | 0.58 |
| 10.01 | 20.00 | 0.32 | 0,52 | 1.14 |
| 20.01 | 30.00 | 0.48 | 0.78 | 1.71 |
| 30.01 | 40.00 | 0.61 | 1.04 | 2.30 |
| 40.01 | 50.00 | 0.78 | 1.30 | 2.88 |
| 50.01 | 60.00 | 1.11 | 1.74 | 3.91 |
| 60.01 | 75.00 | 1.15 | 2.00 | 4.41 |
| 75.01 | 100.00 | 1.56 | 2.61 | 5.79 |
| 100.01 | 150.00 | 1.96 | 3.04 | 6.86 |
| 150.01 | 200.00 | 2.30 | 3.39 | 7.74 |
| 200.01 | 300.00 | 2.68 | 4.82 | 9.84 |
| 300.01 | 400.00 | 3.73 | 6.77 | 13.43 |
| 400.01 | 500.00 | 4.78 | 8.72 | 17.30 |
Ecocash Fees ZWL Wallet
| Bands | IMT Tax | Send Registered | Bill Payment | Pay Merchant | |||
|---|---|---|---|---|---|---|---|
| Lower Value ($) | Upper Value ($) | IMT (%) | Lower Value Tax($) | Upper Value Tax($) | Ecocash Tariff($) | Ecocash Tariff($) | Ecocash Tarrif($) |
| 1.00 | 9.99 | 0 | 0.00 | 0.00 | 0.72 | 1.08 | 0.93 |
| 10.00 | 19.99 | 0 | 0.00 | 0.00 | 1.49 | 1.51 | 1.52 |
| 20.00 | 29.99 | 0 | 0.00 | 0.00 | 2.20 | 1.85 | 2.16 |
| 30.00 | 39.99 | 0 | 0.00 | 0.00 | 2.88 | 2.69 | 3.47 |
| 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 | 9.38 | 9.00 | 8.91 |
| 150.00 | 199.99 | 0 | 0.00 | 0.00 | 13.22 | 10.25 | 11.00 |
| 200.00 | 299.99 | 0 | 0.00 | 0.00 | 16.16 | 11.65 | 12.44 |
| 300.00 | 499.99 | 2 | 0.00 | 0.00 | 21.44 | 18.37 | 13.03 |
| 500.00 | 999.99 | 2 | 10.00 | 19.99 | 42.96 | 39.00 | 42.17 |
| 1000.00 | 1499.99 | 2 | 20.00 | 29.99 | 65.29 | 58.50 | 61.66 |
| 1500.00 | 1999.99 | 2 | 30.00 | 39.99 | 88.18 | 78.00 | 84.86 |
| 2000.00 | 2499.99 | 2 | 40.00 | 49.98 | 110.22 | 97.50 | 104.76 |
| 2500.00 | 2999.99 | 2 | 50.00 | 59.99 | 132.25 | 117.00 | 124.12 |
| 3000.00 | 5000.00 | 2 | 60.00 | 100.00 | 1.91% | 1.85% | 1.85% |
| 5000.00 | 20000.00 | 2 | 100.00 | 400.00 | – | 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 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 $1.50 ZWL
Bank To Wallet
| Bank | Minimum Amount (ZWL$) | Charge for the transacted amount |
| First Capital | 50.00 | 3% |
| ZB Bank | 30.00 | 2% |
| Agribank | – | 2% |
| NBS | 40.00 | 2.5% |
| POSB | 40.00 | 2.5% |
| Ecobank | – | – |
| FBC | – | 3% |
| CBZ | 10.00 | 5% |
| BancABC | 10.00 | 2.5% |
| Stanbic Bank | 50.00 | 2% |
| Steward Bank | – | – |
| NMB | 20.00 | 2.5% |
| CABS | 100.00 | 2% |
| Nedbank | 30.00 | 1.5% |
- Based on information ascertained by our friends at Techzim.
Other charges and limits
| Transaction | Lower | Upper Value | Fees |
|---|---|---|---|
| Cash In | 1 | 500 | Free |
| Send Money to Registered Customer | 1 | 5000 | See Above |
| Send Money to Non Registered Customer | 1 | 500 | See Above |
| Merchant Payments | 1 | 20 000 | See Above |
| Bill Payments | 1 | 10 000 | See Above |
| Cash Out Unregistered | 1 | 500 | Free |
| Airtime Top-Up | 2 | 500 | Free |
| Airtime | 2 | 500 | Free |
| Balance Enquiry | N/A | N/A | 1.50 |
| Account History | N/A | N/A | 1.50 |
| Change PIN | N/A | N/A | Free |
| Bank to Wallet | 1 | 1000 | Free |
| Bank Balance Enquiry | N/A | N/A | 1.50 |
| Bank Statement | N/A | N/A | 1.50 |
Monthly And Daily Limits
| Customer Category | Monthly Limits | Daily Limits | ||
|---|---|---|---|---|
| Old Limit | New Limit | Old Limit | New Limit | |
| Customers linked to Bank/Debit Card | 20 000 | 20 000 | 5 000 | 5 000 |
| Customers linked to a Debit Card | 35 000 | 35 000 | 10 000 | 10 000 |
| Customers linked to a Bank | 150 000 | 100 000 | 25 000 | 20 000 |
| Executive Grade | 250 000 | 250 000 | 30 000 | 30 000 |
| Farmers Grade | 300 000 | 100 000 | 50 000 | 20 000 |
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