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Open an Account

Personal Savings Account

Requirements to Open Personal Accounts

  • Copy of ID/current passport/driver’s license.
  • Proof of residence in the form of utility bills, affidavit certified by ZRP or letter from employer;
  • 2 passport sized photos
  • A properly completed account opening form
  • Account opening is subject to FCB clearance

Opening deposit

$1000

Minimum balance

$300

Monthly service fee

$167.96

Withdrawal charge

1.25%

ATM withdrawal charge per transaction

$35.00

ATM card fee

First debit card free then USD$3.00 for subsequent cards

ATM maximum withdrawal

$2000 per week

 

Download Form

Minor Accounts

Requirements to open a Minor Account

From Guardian:

  • Copy of ID/current passport/driver’s license.
  • Proof of residence in the form of utility bills, affidavit certified by ZRP or letter from employer;
  • 2 passport sized photos
  • A properly completed account opening form
  • Account opening is subject to FCB clearance

From Minor:

  • 2 passport size photos
  • Birth certificate

Opening deposit

$10

Minimum balance

$10

Monthly service fee

$5

Withdrawal charge

1.25%

ATM withdrawal charge per transaction

$0.10

ATM card fee

First debit card free then $5.00 for subsequent cards

ATM maximum withdrawal

$1000

 

Metsave Account (Individual)

This is a savings account which allows individuals to save for longer periods of time ranging from 2 months to 12 months with flexibility of frequent additional deposits into the account as well as an option to roll over at maturity at the prevailing competitive rates.

MetSave is ideal for individuals who want to save towards a specific project/event.

Requirements to Open Personal Accounts

  • Certified copies of ID/current passport/driver’s license.
  • Proof of residence in the form of utility bills, affidavit certified by ZRP or letter from employer.
  • 2 passport sized photos.
  • A properly completed account opening form.
  • Account opening is subject to FCB clearance.

Initial investment amount

$50

No maximum

 

Monthly service fee

nil

Early maturity charges

$10 or 50% of accrued interest which ever is greater.

Interest rates

 

$51   – $500

1% pa

$501 – $999

2% pa

$1000 +

4% pa

MetStudent Account

This is a card based account for college students enrolled on a full-time basis at universities, polytechnics, nursing schools and teachers’ colleges. 

Requirements to Open Personal Accounts

  • Certified copies of ID/current passport/driver’s license.
  • Proof of residence in the form of utility bills, affidavit certified by ZRP or letter from employer.
  • 2 passport sized photos.
  • A properly completed account opening form.
  • Account opening is subject to FCB clearance.

Opening deposit

$5

Minimum balance

$5

Monthly service fee

$1

Withdrawal fee

1.25%

ATM withdrawal charge per transaction

$2

ATM card fee (once off)

$1

 

MetClick Account

Requirements to MetClick Account

  • Copy of National ID
  • Opening deposit of at least US$10 + $5 for the card

 

Fixed Fee ($)

Government Tax ($)

Transaction limit

 

Transaction

Channel

Per Day ($)

Per Transaction ($)

 
 

Balance enquiry

All channels

0.1

-

-

-

 

Mini statement

All channels

0.1

-

-

-

 

Withdrawal

Metbank POS

1.25%

0.01

1000

1000

 

Metbank ATM

1.25%

0.01

1000

1000

 

ZimSwitch ATM

1.25%

0.01

1000

1000

 

Airtime

-

-

-

500

500

 

Internal transfer

-

2

-

1000

1000

 

Bill Payments-Non-Commission

All channels

2

-

1000

1000

 

ZIPIT Receive

-

-

-

1000

1000

 

MetRounds Account

Requirements to Open Personal Accounts

  • Certified copies of ID/current passport/driver’s license.
  • Proof of residence in the form of utility bills, affidavit certified by ZRP or letter from employer.
  • 2 passport sized photos.
  • A properly completed account opening form.
  • Account opening is subject to FCB clearance.

Opening deposit

$1

Minimum balance

nil

Monthly service fee

nil

Tenor

Minimum of 30 days savings with an option for longer periods after which funds can be withdrawn

Early withdrawal

5% flat rate penalty of amount withdrawn

MetHome Saver Account

This is an account targeted at members of reputable and registered organized housing cooperatives and anyone interested in saving to acquire or develop residential property.

Requirements to Open Met Home Saver Account

  • Certified copies of ID/current passport/driver’s license.
  • Proof of residence in the form of utility bills, affidavit certified by ZRP or letter from employer.
  • 2 passport sized photos.
  • A properly completed account opening form.
  • Account opening is subject to FCB clearance.

Minimum balance

$50

Tenor

Minimum of 3 calendar months up to 60 months

Encashment on maturity

nil

Monthly fees/Account maintenance

nil

Interest

 

$51 to $ 500

1.5% pa

$501 to $ 1 500

2.25% pa

$1 501+

3% pa

Interest is calculated on a monthly basis

 

Corporate Accounts

Requirements to open a Corporate Account

  • CR14 and CR6.
  • Certificate of Incorporation
  • Memorandum and Articles of Association.
  • Certified copies of IDs for all directors and signatories.
  • Proof of residence for all directors and signatories.
  • 2 Passport photos for all directors and directories.
  • Properly completed account opening forms.

The account can be opened in any of the following currencies

  • ZWL
  • USD
  • ZiG
  • ZAR
  • BWP
  • GBP

Opening deposit

$30

Minimum balance

$30

Monthly service fee

$20

Withdrawal fee

1.25% (with withdrawal slip)

Download Corporate Form