Standard Chartered Announces New Service Fees
Advent
Standard Chartered Bank has announced that it will be reviewing up its service fees on the 15th of March 2020. This will see customers having to pay a monthly maintenance fee of $70 up from $65/month whilst the Mini/interim-statement will be increased to ZWL9.00 per request.
We present the detailed changes below.
| 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 |
Mobile banking charges are also set to go up
| Transaction Description | Current Charge | New Charge |
|---|---|---|
| Balance Enquiry | 0.8 | 1.5 |
| Mini Statement | 1 | 1.8 |
| Statement Request | 1 | 1.8 |
| ZIPIT Send | 20 | 55 |
| ZIPIT Recall at customer’s Instigation | 20 | 50 |
