EcoCash has revised transaction limits for several kinds of its customers. When it comes to transaction limits, EcoCash classifies customers according to several factors such as their holding of bank accounts and debit cards or the lack thereof. So, customers who have EcoCash accounts and bank accounts or debit cards have different limits to those … Continue reading EcoCash reduces transaction limits
CABS issued a notice announcing that individual customers can now do a maximum of 10 internal transfer transactions per day. CABS say the permitted 10 internal transfer transactions could be of any value. Dear Valued Customer, We wish to advise you that the limit for internal transfers on individual accounts is now 10 transfers of … Continue reading CABS impose internal transfer limits
The Reserve Bank of Zimbabwe has made a U-turn from the Directive which instructed banks to limit customer's internal transfers to just 2 per day. The removal of the Directive means customers can now do more than 2 internal transfer transactions per day. The Directive was reportedly lifted after the Banker's Association of Zimbabwe intervened … Continue reading RBZ makes a U-turn on number of internal transfers per day
This morning RBZ gave us an update about its investigation on a video which circulated on social media showing a certain guy flaunting stacks of cash. In its statement, RBZ's Financial Intelligence Unit said it had identified the guy and where he got the cash he was showing off from. What was particularly noteworthy from … Continue reading RBZ fails to name & shame. Why?