For iSave users, their new limit is $20 000 per month and the limit for other accounts has been pegged at $25 000 per month.
Bank-to-wallet transactions are popular with customers as they allow them to move their money from their bank accounts to their mobile money wallet like EcoCash.
The new bank-to-wallet transaction limit doesn’t come with increased bank charges since the Reserve Bank of Zimbabwe currently forbids financial institutions from raising electronic transaction charges until the lockdown is over.
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